Nellie Andreeva

endemolAfter two years of power play, private equity firm Apollo Global Management appears poised to take control of Big Brother producer Endemol. The Dutch production company inherited billions of dollars in debt following the 2007 buyout, believed to have ballooned to $4.1 billion in 2011 before it was restructured. After the restructuring, Apollo ended up with the largest portion of Endemol debt, giving it a stake of about 30% in the company. Endemol’s owners also include the company’s co-founder John de Mol through the investment company Dasym Investment Strategies, which handles some of his money. Both Apollo and de Mol had reportedly been looking to take control of Endemol. Now it seems Apollo is succeeding. I hear there is no signed deal yet, but such an outcome appears very likely, sparking a lot of market chatter. Read More »