Apollo taps into Parallel Petroleum in $483m take-private | AltAssets Private Equity News

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Apollo taps into Parallel Petroleum in $483m take-private

26 Nov 2009

US private equity firm Apollo has acquired listed energy company Parallel Petroleum in a take-private worth $483m. The deal value is reportedly made up of $351m of debt and $132m of equity. All outstanding shares in the company are to be purchased by Apollo for $3.15 a share.

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