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Apollo Global Management (APO) to Acquire RCS Capital's (RCAP) Wholesale Distribution Business and AR Global
August 6, 2015 2:07 PM EDTApollo Global Management (NYSE: APO) announced that it has agreed to acquire a majority interest in a new company, AR Global Investments, LLC, that will own a majority of the ongoing asset management business of AR Capital, a leading asset management firm focused on providing income solutions for retail investors. Apollo also announced today that it is acquiring RCS Capitals (RCS) (NYSE: RCAP) wholesale distribution business, which will become part of AR Global, and that it has entered into a strategic relationship with RCS Capitals retail advice... More
