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...Apollo has sold a stake in the lending business it acquired from Credit Suisse last year shortly before the Swiss bank’s shotgun rescue by UBS, securing a multibillion-dollar investment from one of the US...
...Apollo went public with it in 2017, before BC Partners took it private again in a $2.1bn deal two years later....
...The firm legally became a corporation at the beginning of last month, turning its 860 partners into employee-shareholders, although they continue to use the term “partner”....
...Last year’s $6bn sale of the Washington Commanders to former Apollo Global Management co-founder Josh Harris set a record for most expensive sports team sale ever....
...In his ruling, Castel said that Apollo’s accounting department “deserve[d] significant blame” for the harm done to fund investors but still ruled that Rashid had violated US securities law on investment...
...Apollo originally entered into an agreement with Credit Suisse to purchase its securitised products division, in 2022 in a deal that included a related investment management contract....
...Dean Meyer has joined venture capital firm Sequoia as a partner focused on early stage investments. He was previously an investor at Vine Ventures....
...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...
...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....
...Apollo rebranded the business as Atlas. The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Hipgnosis Songs Fund has found itself at the centre of a bidding battle after Apollo-backed US investment group Concord topped a rival offer from Blackstone by raising its own approach to $1.5bn....
...PIC’s £39bn in insurance obligations and £44bn investment portfolio is a meaty opportunity for Apollo’s “retirement services” business, which specialises in annuities....
...Paramount and Apollo did not immediately reply to a request for comment....
...And another scoop to start: The chief executive of BCG said the $12bn consulting firm expects to generate a fifth of its revenues in 2024 from helping corporations integrate artificial intelligence into...
...Hipgnosis Songs Fund, the listed UK music rights investment company, has agreed to a $1.4bn takeover from Apollo-backed rival Concord Chorus....
...The lorry management software and fuel cards payment provider, which trades as Eurowag, said: “At this stage, the group does not intend to pay dividends; instead, it intends to prioritise investment in growth...
...It was cited by BDO USA’s switch from a partnership to a corporation. This was followed by $1.3bn in debt financing from Apollo Global Management to fund purchases of shares by a new employee trust....
...He is currently a partner and chief economist at Apollo Global. He spoke with Unhedged last week....
...Wall Street groups including Blackstone, KKR and Apollo all listed more than a decade ago, while European competitors such as EQT and Bridgepoint have gone public recently....
...The call comes a year after the collapse of a £1.7bn takeover approach for Wood from buyout group Apollo....
...Apollo’s private equity investments have recently gained in value....
...Munger is no fan of private equity, but his saying lends some valuable insight into how Apollo Global Management, one of the world’s largest investment groups, is being organised under its chief executive...
...Other groups completed large acquisitions to bolster their credit investment capabilities....
...Of the 35 offers this year, nine — including Albion, Octopus Aim and Apollo and British Smaller Companies — have closed before the pre-tax deadline, compared with eight out of 28 the previous year....
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