Apollo Global Management Buys Stake in CH2M Hill

[John Ratsey]

Further to previous rumours that CH2M were looking for an external investor to ease their cash flow problems, Apollo Global Management has taken a $300M stake in CH2M Hill. More details at the Wall Street Journal.

Another news report. This also includes mention of the Halcrow purchase as costing CH2M £230M. The substantial increase from the agreed purchase price presumably includes the cost of filling the financial hole that CH2M discovered after taking over.