Realogy roots run deep with prospective buyer 
Private equity firm aided launch of NRT Inc.
By Glenn Roberts Jr., Monday, December 18, 2006.The private equity firm that plans to acquire real estate giant Realogy Corp. also played an integral role in building up its business.
NRT Inc., a subsidiary of Realogy Corp. that oversees company-owned brokerage operations, was formed in 1997 through a $232 million venture by a group affiliated with Apollo Management L.P. and by HFS Inc., a predecessor to Realogy's former parent company. HFS reportedly invested $157 million of the initial financing for NRT while Apollo invested $75 million. Realogy this year was spun off from former parent Cendant Corp.
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