Apollo to Buy Credit Suisse Lending Arm Sector Financial (1)

Apollo Global Management Inc. has agreed to acquire Sector Financial Inc., which focuses on middle-market lending, as part of its purchase of part of Credit Suisse Group AG’s securitized products group, according to people with knowledge of the matter.

Details, including valuation as part of the larger transaction, couldn’t immediately be learned. Apollo and Credit Suisse spokespeople declined to comment. Representatives for Sector didn’t immediately respond to requests for comment.

Chevy Chase, Maryland-based Sector is an affiliate of Credit Suisse. It provides loans to finance growth, acquisitions, working capital and other efforts, its website shows. Led by Chief Executive ...