Apollo's Hybrid Value business provides flexible, creative and partnership-driven capital solutions to help companies and shareholders achieve their goals. Hybrid Value works with entrepreneurs, management teams and private equity sponsors to seek to deliver debt solutions and equity capital in all market environments.
Financing Stronger Businesses
Our Hybrid team works in partnership with companies to provide innovative and responsive debt and equity solutions to help their businesses grow.
Creativity & Flexibility
We are cycle-agnostic, which gives us the ability to deploy capital for both offensive and defensive situations.
Full Platform Approach
Hybrid brings together the industry capabilities and operational expertise of the entire Apollo platform.
Apollo’s Hybrid Value business aims to provide innovative, flexible capital solutions into underserved segments of the market between traditional debt and equity where founders and entrepreneurs seek to transform their businesses without relinquishing control.
Jason Scheir
Head of Hybrid Value
Direct ChassisLink (DCLI) operates an extensive network of over 230,000 intermodal chassis across 450 locations, which are used to transport marine and domestic shipping containers on the road between ports, railroads, and container yards. DCLI is the top player in the U.S. marine and domestic chassis markets.
In April 2019, HVF and other Apollo-managed funds acquired a 78% structured equity stake in DCLI and its wholly owned software subsidiary, Blume Global, from EQT Partners for a purchase price of $2.4 billion. Blume was separated from DCLI to become a standalone entity upon transaction close.
Prior to the DCLI transaction, Apollo had been following the company for many years. In fact, Apollo submitted the cover bid for DCLI when the business was sold to EQT in early 2016. In late 2018, EQT’s financial advisors ran a sale process for DCLI. When the financing market experienced volatility, HVF was uniquely positioned to negotiate a bespoke transaction structure to bridge the valuation gap and ensure downside protection for our funds’ investment.
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