Hints and tips:
...Executives at Apollo and MassMutual know each other well....
...Aspen’s chief executive Mark Cloutier was previously the boss of Brit Group, which was also backed by Apollo and chose London for its 2014 IPO, before its acquisition a year later by Canadian group Fairfax...
...The complaint also criticised what it said were close ties between Apollo executives and the group’s independent directors....
...Other private equity groups including CVC have prepared plans to go public, creating expectations of a second wave of listings following the crisis-era floats of Blackstone, Apollo and KKR....
...Altice is fielding offers for its Portuguese telecoms business until early January, and has received interest from multiple industry players and private equity funds, including US group Apollo, said people...
...Private equity groups have taken a greater interest in the sector in recent years as consolidation has gathered pace....
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...In today’s newsletter: Apollo’s personal expenses scandal resurfaces Blockbuster US deals throw M&A a lifeline Swedish software group attracts short sellers Brother Jimmy’s and buyouts: Apollo’s expenses...
...Paramount questioned the financing of Apollo’s bid and refused to engage with the New York-based private equity group. The New York Times first reported the talks between Sony and Apollo....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...Public shareholders — who once had a claim to a relatively even split between Apollo’s management fees and the performance fees its funds earn — have in recent years increased their claim on the group’s...
...US private equity group Apollo Global Management has struck a deal to buy Wagamama owner The Restaurant Group for £506mn, following a lengthy campaign by activist investors for a shake-up of the dining operator...
...Over the past 16 years, big buyout groups such as Blackstone, KKR, Apollo and TPG have transformed from clubby partnerships into publicly traded corporations with large public market valuations....
...Chase Coleman’s Tiger Global has built a big stake in private equity group Apollo Global as the hedge fund looks outside of the technology investments that have been its mainstay in recent years in a hunt...
...China started commercial driverless development in 2013, about five years after groups in the US....
...Groups including KKR, Apollo and Ares have recently hit record highs, while Blackstone was recently included in the S&P 500 index....
...Its non-tech winners included Apollo Global, Eli Lilly, Airbus and online gambling company Flutter....
...Apollo Global Management has shed its financial exposure to failed US trucking company Yellow, selling off a $500mn term loan and dropping plans to extend pricey financing to fund the freight group’s bankruptcy...
...And the bondholder group, led by Apollo, seemed ready to pounce, perhaps even forcing the company into a messy bankruptcy where creditors could take the keys....
...“In the [private] equity business, this year has really marked the end of an era,” said Marc Rowan, whose Apollo is one of the world’s biggest private equity groups with $617bn in assets....
...Apollo’s lending business originated $23bn in loans in the latest quarter to finance companies such as semiconductor group Wolfspeed, AT&T and Air France....
...of telecommunications group Brightspeed....
...Were it to decide to press ahead with a public offering, General Atlantic would be following in the footsteps of larger groups such as Blackstone, KKR and Apollo, all of whose stock has performed strongly...
...Flutter proposes moving listing from UK to New York (FT) Arc’teryx apparel maker Amer Sports considers IPO price below range (FT) Private equity firm McWin buys €80mn restaurant group Sticks’n’Sushi (...
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