Automotive

Apollo Rescues Carvana Adesa Deal

Apollo also got Carvana’s cat out of a tree and helped them put sunscreen on that spot between their shoulder blades.
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Apollo Rescues Carvana Adesa Deal

Online auto retailer Carvana faced financial setbacks after its February announcement to purchase the auto auction company, Adesa. Longtime Carvana investor, Apollo, has increased its contribution toward the Adesa acquisition from $600M to $1.6B

Apollo's contribution will account for half the total price of the deal and comes with proposed changes to the structure of the agreement.

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