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URL:  https://boards.fool.com/ep-energy-34173440.aspx

Subject:  EP Energy Date:  4/4/2019  12:19 PM
Author:  Hohum2000 Number:  1741 of 1757

The tumbling stock, which closed at 26 cents on Tuesday, has reduced the value of the buyout group’s controlling stake to about $50 million. That is a sliver of the $3.3 billion of cash the group put toward acquiring the Houston company.

It could be worse for the investors, though: They extracted about $750 million in fees and dividends from EP before taking it public in a 2014 stock offering. But even after that haul, Apollo and its partners face a potential loss of about $2.5 billion, which if realized would cement the EP buyout as one of private equity’s great whiffs.

https://www.wsj.com/articles/buyout-debt-threatens-apollos-b...
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