The U.S. Army has asked Apollo, Carlyle (CG), KKR (KKR) and Cerberus to pitch “meaty” strategy projects to help fund a $150B infrastructure overhaul, Steff Chavez and Antoine Gara of The Financial Times reports. US army secretary Daniel Driscoll and Treasury secretary Scott Bessent held a meeting with 15 buyout firms to discuss deals. Bessent said he asked the groups to create “clever financing models or unique financing models” to meet the army’s infrastructure needs.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APO:
- Video: Big banks continue to beat expectations
- Apollo submits fresh bid for Papa John’s at $64/share, Reuters reports
- Papa John’s Stock (PZZA) Surge on $64 Bid from Apollo Global
- Apollo offers $64 per share for Papa John’s in talks, Street Insider says
- Apollo Global price target lowered to $150 from $170 at Citi