Affiliates of Apollo Global Management have completed the acquisition of Aurum Holdings, the largest prestige and luxury jewellery retailer in the UK with financial support from Barclays.

The banking facilities have been supported by Barclays alongside a number of other providers.

Jim Quantrill, relationship director, said: “Having developed our relationship with the company over many years, we were well placed to understand the needs of the business which is driven by a dynamic management team who are executing a clear strategy across their various brands.”

Ian Tetsill from the Midlands Debt Finance Team at Barclays said: “Our relationship and understanding of the business and its objectives has enabled us to suggest and play our part in providing an innovative debt structure which will support the company and Apollo in achieving their ambitious growth plans.”