Apollo Global, Aion likely to join ex-veterans Pramod Bhasin, Anil Chawla in GE Capital bid

Industry:    January, 2016

MUMBAI: Private equity firm Apollo Global Management and Aion Capital Partners are teaming up with former GE veterans Pramod Bhasin and Anil Chawla to acquire the commercial loan portfolio of GE Capital India for an estimated $350 million (Rs 2,275 crore), said several people aware of the matter. This highlights a growing trend of PE groups backing incumbent managements or seasoned professionals to buy out domestic businesses or operations. Aion is Apollo’s joint venture with ICICI .. Read more at: http://economictimes.indiatimes.com/articleshow/50568745.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst