Apollo Global Management Inc is in talks to support retail store operator Franchise Group’s acquisition of department store chain Kohl’s Corp through the provision of up to $2 billion in debt financing, according to a report by Reuters.
The report cites an unnamed source as saying the with talks are still at an early stage and no agreement has been reached yet.
Franchise Group, is believed to have entered into a three-week period of exclusive negotiations to acquire Kohl’s for $60 per share, which values the company at nearly $8 billion.
Read more: Private Equity Wire
