UBS and Apollo finalize deal to sell $8bn Credit Suisse securitized business, with UBS gaining $300m in Q1 2024.
UBS and Apollo Global Management finalize an agreement to carve out Credit Suisse's securitized products business. Apollo will purchase $8bn of senior secured financing facilities from UBS, resulting in a net gain of about $300m for UBS in the first quarter of 2024. This deal aligns with UBS's strategy of simplifying its non-core and legacy portfolio.
March 27, 2024
20 Articles