Apollo: Apollo Funds Buying Majority Stake In OEG Energy

Apollo announced that funds managed by Apollo affiliates have agreed to acquire a majority stake in OEG Energy Group, a leading offshore energy solutions business, from funds managed by the Power Opportunities strategy of Oaktree Capital Management and other investors. The deal implies a headline valuation of over $1 billion for OEG, and Oaktree and others will retain a minority equity interest. The post Apollo Funds Buying Majority Stake In OEG Energy appeared first on Pulse 2.0.