Business
Apollo Funds Complete Acquisition of Prosol Group
NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have completed the previously announced acquisition of a majority stake in Prosol Group (“Prosol” or the “Company”), the multi-specialist in fresh food businesses and food retail in France, from Ardian, a global private investment firm. Prosol’s existing minority shareholders and management team have reinvested alongside the Apollo Funds. Founded in 1992, Prosol has differ
About this update from Apollo Global Management, Inc. (new)
[{"type":"image","alt":"Apollo Global Management, Inc.","displaySize":"","headline":null,"caption":"Apollo Global Management, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":47,"url":"https://media.zenfs.com/en/globenewswire.com/de33a3669652e54ef305958b7aa3086d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jbg.kCm6kZDXdZHQSaruIg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY2/https://media.zenfs.com/en/globenewswire.com/de33a3669652e54ef305958b7aa3086d","width":300,"height":47},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/jbg.kCm6kZDXdZHQSaruIg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY2/https://media.zenfs.com/en/globenewswire.com/de33a3669652e54ef305958b7aa3086d","width":300,"height":47}},"lazy":false},{"type":"text","content":"NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have completed the previously announced acquisition of a majority stake in Prosol Group (“Prosol” or the “Company”), the multi-specialist in fresh food businesses and food retail in France, from Ardian, a global private investment firm. Prosol’s existing minority shareholders and management team have reinvested alongside the Apollo Funds.","length":465,"tagName":"p"},{"type":"text","content":"Founded in 1992, Prosol has differentiated itself by building a proprietary, vertically integrated supply chain, sourcing fresh, quality products resulting in a highly loyal and fast-growing customer base. Prosol operates and/or supplies nearly 450 stores across France under two main banners, Grand Frais and fresh. Chief Executive Officer Jean-Paul Mochet will continue to lead the Company as it sets out to achieve its long-term growth ambitions, expanding Prosol’s distinctive retail concept to more customers.","length":514,"tagName":"p"},{"type":"text","content":"UBS AG served as lead financial advisor to the Apollo Funds, while Royal Bank of Canada and Lazard also served as financial advisors. Sidley Austin LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP and Cleary Gottlieb Steen & Hamilton LLP served as legal counsel on the transaction.","length":290,"tagName":"p"},{"type":"text","content":"About ApolloApollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the ...