APO - Apollo's Hybrid Value funds to take stake in PanAsia Health
2023-06-26 09:12:44 ET
Apollo Global Management ( NYSE: APO ) said Monday that funds within its Hybrid Value strategy have committed to take stake in PanAsia Health, the holding company for Singapore-headquartered regional healthcare provider Health Management International.
Proceeds from the investment will support HMI's growth strategy as the group seeks to invest in high quality healthcare businesses to continue its expansion in Southeast Asia.
Founded in 1998, HMI's owns two hospitals in Malaysia and one ambulatory care center in Singapore. It also has a network of representative offices in Singapore, Malaysia and Indonesia.
“This is the fourth investment made by Hybrid Value in Asia in the last 24 months, highlighting our continued focus on expanding Apollo’s presence across Asian markets,” said Matt Michelini, Partner, Head of Asia Pacific and Chairman of the Hybrid Value investment committee at Apollo.
Apollo ( APO ) noted that its Hybrid Value strategy has led more than $18B of investment commitments since inception. It operates on an integrated basis with the firm's Private Equity and Credit teams.
Separately, Wolfspeed ( WOLF ) confirmed earlier a $1.25B secured notes financing from an investment group led by Apollo ( APO ).
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Apollo's Hybrid Value funds to take stake in PanAsia Health