Apollo’s Rowan Makes Imprint Felt With $11 Billion Athene Deal

It only took a few weeks for Marc Rowan to put his stamp on Apollo Global Management Inc.

Rowan, the private equity firm’s co-founder and incoming chief executive officer, was the force behind an $11 billion deal that will remake the business: Monday’s announcement of a full acquisition of Athene Holding Ltd. In one move, he not only reshaped Apollo, but also showed the world that the firm is moving past the 30-year reign of Leon Black.

Bloomberg’s Sonali Basak discusses Apollo Global Management’s $11 billion acquisition of Athene Holding.

Source: Bloomberg)

The Athene acquisition completes a process that Rowan -- who succeeds Black as CEO no later than July -- started in ...