Social housing group Apollo considers separate life after HBOS sale
Sunday 23 May 2010
Apollo, the social housing group that is part of the HBOS bank, has hired big four accountant PricewaterhouseCoopers (PwC) to review the business in a move that could lead to a sale.
The group is part of the integrated portfolio that HBOS owner Lloyds is selling to secondary buyout group Coller Capital. However, Apollo is looking at the potential for a separate exit after the Coller transaction.
HBOS paid £410m for Apollo three years ago, but housing businesses have struggled during the downturn. There are a number of options for Essex-based Apollo including a sale, said a market source. He added that the review is at "an early stage".
"Debt could be refinanced, there could be a flotation, it could be combined with other parts of the HBOS portfolio or there might be new lines that could be pursued," he said.
Meanwhile, the Ftse 100 private equity firm 3i has hired Hawkpoint to sell NSL, a transport services group that was once half of National Car Parks.
- 1 Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
- 2 People all over the world are getting semicolon tattoos to draw attention to mental health
- 3 Van driver who comforted Clark Carlisle and called 999 after suicide attempt dies age 24
- 4 James Blunt was special guest on the highest-rating Top Gear episode ever
- 5 The biggest first date turnoff has been revealed
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts
iJobs Money & Business
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...