Apollo investment fund is negotiating to acquire Partner
Posted on Aug 5, 2021 by Ifi Reporter - Dan Bielski
Apollo is the fund that is negotiating to acquire Partner. Apollo is one of the largest investment funds in the world and manages $ 455 billion. It employs 1,700 people in 15 countries where it has offices.
The fund invests in companies around the world, in almost every possible field of activity. Her touch with Israel so far was when she bought with the Dayan family a stake in the real estate company IDO, about five years ago.
Representatives of the foundation have been holding talks with Hutchison, which is controlled by the Chinese Li Ka Xing, for the past six months, and in recent days members of the Partner board, headed by Osnat Ronen, have also been brought into the secret. However, Apollo did not assist Ronen throughout the contacts. A well-known figure who used to be in the cellular world is helping Apollo with Partner tests and negotiations.
In contrast to initial contacts with another American fund, Shamrock, in January-February, this time it is a deal with a relatively high probability of maturing into a deal. What may delay progress is the difficulty in entering and leaving the country, in light of the outbreak of the delta variant of the corona virus.
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