Apollo Global Management LLC News

Computer Sciences Corp Wins Bidding War for Xchanging for $721 Million

Technology consulting company Computer Sciences Corp (CSC) will buy Xchanging Plc for about £480 million ($721 million), the companies said, beating out other suitors in a bidding war for the insurance-focused outsourcing company. The cash offer of 190 pence [$2.86] …

Apollo, CVC Raise $398.5 Million in Brit Insurance IPO

Apollo Global Management LLC and CVC Capital Partners Ltd. raised £240 million [$398.5 million] in an initial public offering of Brit Plc, a Lloyd’s of London insurer. The two private equity firms, along with Brit’s managers, sold 100 million shares …