Apollo Management and Lazard Group have announced their intention to form a strategic partnership for private equity investments in Europe. Few details have been revealed, but the groups say the planned partnership represents 'an important milestone in enhancing the global operations of both firms' as they expand their private equity presence in international markets.

Investment professionals from Lazard and Apollo will work closely together to pursue investment opportunities in Europe, drawing on Lazard's European presence and history of advising on merger and acquisitions transactions, and Apollo's track record in private equity investment.

However, the partnership is a non-exclusive one; the firms say Apollo and Lazard will continue to work with other financial advisory and private equity firms in the ordinary course of their business.

Apollo Management is part of Apollo Global Management, an alternative asset manager with offices in New York, Los Angeles, London, Singapore, Frankfurt and Paris and assets under management exceeding USD40bn in private equity, hedge funds, distressed debt and mezzanine funds.

Lazard, a distinguished financial advisory and asset management firm, operates in 23 countries in Europe, Asia, Australia and the Americas. The firm, which traces its origin dating back to 1848, provides advice on mergers and acquisitions, restructuring and capital-raising, as well as providing asset management services to corporations, partnerships, institutions, governments and individuals.

       

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