Apollo ends talks to buy parts of Greensill Capital

Apollo ends talks to buy parts of Greensill Capital

Apollo Global Management has called off plans to buy parts of Greensill Capital’s business, according to two people familiar with the matter.

The US private equity group has ended talks with Greensill’s administrators, bringing an end to a proposed $59.5m deal for parts of the ailing finance company that it had been trying to strike for most of the past fortnight.

Apollo had been interested in Greensill’s intellectual property and IT systems and its Finacity arm, which provides administrative services. It had previously offered to take on “the majority” of the more than 500 employees of its UK business, Greensill Capital Management Company.

However, that deal…

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