Alex van Hoek, the new European private equity lead at global private investment firm Apollo Global Management, says the firm may deploy more capital for buyout deals in Europe than on home turf in the US, according to a Bloomberg report.
Hoek cited lower public market valuations in Europe and many global funds undervaluing the region, creating less crowded competition for deals.
He told Bloomberg: “We expect to be very busy here, potentially even more active here than we might be in the US … That’s somewhat atypical in the history of our business”.
Apollo’s European head, Robert Seminara, said last month that the firm is approaching $50bn in large corporate investment in Europe alone.
