UPDATE 2-Apollo, Lazard team up for European deals
(Adds details from SEC filing, last paragraph; byline)
By Megan Davies
NEW YORK, Aug 12 (Reuters) - U.S. buyout firm Apollo Management and investment bank Lazard Ltd (LAZ.N) said on Tuesday they are teaming up to make private equity investments in Europe.
The two said the partnership will benefit from Lazard's European presence and Apollo's track record in private equity. The companies will continue to work with other financial advisory and private equity firms.
Apollo, run by billionaire investor Leon Black, took part in buyouts such as the $17.3 billion leveraged buyout of Harrah's Entertainment Inc, the world's biggest casino operator, and the $6.7 billion buyout of U.S. real estate brokerage Realogy Corp.
It also bought home-goods retailer Linens 'n Things in 2006, which in May filed for Chapter 11 bankruptcy protection and announced plans to close 120 underperforming stores.
Apollo is part of Apollo Global Management, which in April filed to register securities already traded on a private exchange with the U.S. Securities and Exchange Commission, and said it planned for them to be listed on the New York Stock Exchange.
In an amended filing with the SEC, Apollo said that the number of shares it was registering increased to 37.3 million, 7.5 million more than its original filing in April.
The additional shares were owned by Credit Suisse Management, which had an agreement not to sell the shares for a period of one year from August 8, 2007. (Reporting by Megan Davies, editing by Leslie Gevirtz)
