Apollo to buy nearly 10% stake in Mubadala Capital
Move deepens US investment giant's ties to Abu Dhabi's sovereign wealth fund
Apollo Global Management is finalising a deal to buy nearly a 10% stake in Mubadala Capital, the alternative asset manager subsidiary of Abu Dhabi's sovereign wealth fund, according to people familiar with the matter. The deal is expected to be announced later Monday morning, with financial terms not immediately known.