Apollo Bids $2 Billion For British Brokerage
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Apollo Management LP, the New York-based buyout firm run by Leon Black, offered about $2 billion for Countrywide Plc, less than a month after shareholders of the Britain’s largest residential real estate broker blocked another private-equity bid. In December, Apollo agreed to buy Realogy Corp., the biggest residential real estate brokerage in America, for about $9 billion. The acquisition of Countrywide would give Apollo 1,200 outlets throughout the U.K. and the country’s largest valuations and property surveying business.
