Apollo Eyes $35 Billion Broadcom Credit Deal, Hires Ex-Standard Chartered CFO
Broadcom is seeking $35 billion in private credit from Apollo Global to fund AI chip development, potentially boosting Apollo’s credit exposure and fee revenue. Apollo has hired Diego De Giorgi—ex-Standard Chartered CFO and 25-year equity research veteran—as head of its EMEA operations, strengthening its senior leadership.
1. Broadcom Private Credit Negotiations
Apollo is in talks to provide Broadcom with $35 billion in financing to support AI chip development, which would raise Broadcom’s total debt to about $100 billion while keeping leverage near 2x Net Debt/EBITDA thanks to 54.5% year-over-year EBITDA growth. The transaction represents a significant fee-earning opportunity for Apollo and deepens its involvement in the high-growth AI sector.
2. Diego De Giorgi Joins EMEA Leadership
Apollo has appointed Diego De Giorgi—former Standard Chartered group CFO and founding partner and global head of equity research at Autonomous—as head of its EMEA region. With 25 years in equity research and investor relations, De Giorgi will lead strategic initiatives and stakeholder engagement across Europe, the Middle East and Africa.