APO News & Events

CTFN has reported that GFL Environmental's (GFL) CEO is willing to take the company private at $50 per share and wants to roll 100% of his stock, contacts tell The Fly. The report from CTFN comes amid a separate report from Globe & Mail, which said that GFL has held talks with Apollo Global Management (APO) about a potential investment. CEO Patrick Dovigi controls roughly one-quarter of the vote through his multiple voting shares, G&M has noted.

GFL Environmental (GFL) held talks with Apollo Global (APO) about a potential investment, with the American private equity company circling the Canadian waste management giant while its share price is depressed, The Globe and Mail's Tim Kiladze reports, citing a person familiar with the matter. GFL's board of directors has formed a special committee to consider any investment or takeover offers, the source said. But any complete takeover would likely hinge on the support of GFL founder and chief executive officer Patrick Dovigi, who controls roughly one quarter of the vote through this multiple voting shares, the author notes.

Evercore announced that Dennis Cornell has joined the firm as a senior managing director in the private capital markets group. He will be based in New York. Cornell has more than 25 years of investment banking and capital markets experience, with deep expertise in private capital markets, advising investment-grade and non-investment-grade clients. Most recently, he was a partner at Apollo Global Management, where he developed relationships with corporate and sponsor clients and originated flexible, bespoke capital solutions.