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Apollo to buy wholesale distribution business and majority of AR Global

Aug 11, 2015 - The Deal Pipeline
Board and Executive Moves-Investments

Apollo Global Management LLC  (APO) is acquiring a majority stake in a new company, AR Global Investments LLC, that will own a majority of an ongoing asset management business and also house RCS Capital Corp.'s (RCAP) wholesale distribution business, which the New York private equity firm is in the process of purchasing. Apollo announced the moves on Aug. 6, the same day that RCS Capital unveiled its second-quarter results and announced plans to re-focus on its core retail advisory plat...