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Investing.com -- Apollo Global Management Inc.’s new European private equity lead is betting on more buyout potential in the region, possibly surpassing activity in the United States.
"We expect to be very busy here, potentially even more active here than we might be in the US," said Alex van Hoek, lead partner for European private equity at Apollo, in a Bloomberg interview. "That’s somewhat atypical in the history of our business."
Van Hoek, who has been based in London since 2021, pointed to greater value opportunities in Europe compared to the US market. "We see more value in Europe than in the US at the moment," he noted, explaining that public valuations remain lower in Europe than in America.
He also suggested that many global investment funds continue to overlook European opportunities, creating a less competitive landscape for Apollo.
Despite increased dealmaking activity in the US, van Hoek remains focused on European prospects. He characterized the US acceleration as primarily "strategic, large-cap M&A" that is partly "driven by white-hot debt markets in the US, and the very favorable regulatory environment for M&A in the US at the moment."
Van Hoek also highlighted the advantage of targeting public companies, noting that with daily price marks, interesting opportunities at reasonable premiums to stock prices are "relatively more actionable" than many sponsor-owned businesses currently available.
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