HMV could be acquired by one of the world’s largest investment groups Apollo Global Management, according to reports, with the company having already taken on some of the retailer’s debt.

The Telegraph reports that the New-York-based group took 10% (more than £20m) of the High Street brand’s debt from Allied Irish Bank last week - leading to predictions of a full takeover.

Apollo, which many refer to as a ‘vulture fund’ already has almost £70bn of assets under management and ...