Apollo Global Management is suing private-equity firm Advent International in a dispute over how to financially restructure the Advent-owned Serta Simmons Bedding LLC, the largest mattress maker in the U.S.Hedge-fund managers Apollo, Angelo Gordon & Co. and Gamut Capital Management LP, who own some of Serta’s corporate loans, filed a suit Thursday against Serta and Advent in New York State Supreme Court.

Source: Wall Street Journal June 11, 2020 20:03 UTC