Opinion: Catalina-Apollo

Catalina reached the end of a drawn-out M&A process this
week byagreeing a restructuring of its equity base that will see
Canadian pension funds Caisse de dépôt et placement du
Québec (CDPQ) and Ontario Teachers' Pension Plan sell
their stakes to Apollo, which is already the legacy
specialist's biggest backer.
My sources tell me that the deal will leave investment giant
Apollo and co-investing limited partners with around 90 percent of
the equity in Catalina, with the bal