Apollo and Silver Lake support Expedia in leading $3.2bn financing round

Online travel booking company Expedia Group announced it had raised $3.2 billion in new capital, with investment funds managed by private equity firms Apollo Global Management and Silver Lake leading the way.

David Sambur, co-lead partner of Apollo’s private equity business, and Greg Mondre, Co-CEO and managing partner of Silver Lake, will join the Expedia Group board of directors upon the closing of the fundraising transactions that is expected on May 5.

The deal consisted of $1.2 billion in private placement of perpetual preferred stock and approximately $2 billion in . . .

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