Apollo set to take majority stake in Catalina

Global investment firm Apollo is poised to make an additional
investment in Catalina, giving it a majority stake in the legacy
specialist, The Insurance Insider can
reveal.
Banking sources said that as part of the transaction,
Catalina's other existing backers Caisse de dépôt et
placement du Québec (CDPQ) and Ontario Teachers' Pension
Plan will sell down their stakes in the firm.
As previously revealed by The Insurance
Insider,Catalina launched a strategic process in May, wit