Apollo Had A Rough Quarter
Apollo Global Has A Unique Growth Engine
Ashleigh Rogers • 28 Comments
Ashleigh Rogers • 28 Comments
Thu, May 5, 7:20 AM
Wed, May 4, 5:30 PM
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Fri, Apr. 22, 9:10 AM
- The tender offer expired at midnight, with a total of 32.1M shares, or about 68.2% of the float, offered at a price of $28.50 each.
- Funds affiliated with Apollo (NYSE:APO) will thus take The Fresh Market (NASDAQ:TFM) private.
- Source: Press Release
- Now read: Village Farms: Rare Undervalued Equity Investment Opportunity In The AgTech Sector (April 5)
Tue, Apr. 19, 8:39 PM
- Yahoo (NASDAQ:YHOO) didn't say anything about its sales process during its Q1 earnings webcast, and swore off giving any updates along the way.
- But speculation about the shortlist is mostly on the mark, according to the latest from Reuters, which says Verizon's (NYSE:VZ) there (with help from Guggenheim, LionTree, Allen & Co.), along with Yellow Pages owner YP -- which has backing from AT&T (NYSE:T) on the bid, sources said.
- Japanese online retailer Rakuten (OTCPK:RKUNY) is a new name that's kicking tires as well. Among private equity, Apax Partners, TPG, Bain Capital, Apollo Global Management (NYSE:APO) and Warburg Pincus are all accounted for, and may be allowed to team up in round 2.
- No two offers were identical, sources said, so Yahoo now must look at the structures, assets and offers to sort out value -- hopefully in time to wrap up in June.
- SoftBank (OTCPK:SFTBY) and Alibaba (NYSE:BABA) aren't taking part -- but they could get involved with the company after the fate of its core assets is settled.
- YHOO wrapped an after-hours session up 1.1%.
- Now read Yahoo: Who's Ready To Take On A Legacy Digital-Native Media Turnaround? »
Mon, Apr. 18, 11:56 AM
- Glass and metal packaging company Ardagh is the lead bidder for assets that Ball (BLL +2.3%) and Rexam (OTCPK:REXFF) are selling as part of their merger, potentially fetching ~$4B, Bloomberg reports.
- Apollo Global Management (NYSE:APO), Blackstone (NYSE:BX) and Madison Dearborn Partners also are among bidders for the assets, according to the report.
- In January, the EU approved BLL’s £4.4B ($6.3B) takeover of Rexam, creating the biggest maker of food and beverage cans, after agreeing to sell 12 plants on the continent to eliminate antitrust concerns.
- Now read Ball upgraded at J.P. Morgan; Rexam risk/reward seen as more favorable
Tue, Apr. 12, 11:57 AM
- Vale (NYSE:VALE) is teaming up with U.S. P-E firm Apollo Global Management (NYSE:APO) to bid for Anglo American's (OTCPK:AAUKF, OTCPK:AAUKY) niobium and phosphates business in Brazil, Reuters reports.
- A sale of the assets, used for making fertilizers, could fetch ~$1B for Anglo, according to the report.
- Anglo has said it wants to raise as much as $4B from divestitures to help cut net debt to under $10B by year-end as it deals with the commodity price slump.
- Now read De Beers reports higher diamond demand
Mon, Apr. 4, 3:49 PM
- The go-shop period for The Fresh Market (TFM -0.4%) expired without anymore bidders stepping up to the plate, according to a SEC filing.
- Apollo Global Management (APO -0.6%) now has the green light to proceed with its acquisition of the specialty grocery chain.
- SEC Form 14D-9
- Now read Is Online Grocery Delivery A Threat To The Traditional Supermarket?
Mon, Mar. 28, 8:48 AM
- ADT Corporation (NYSE:ADT) announces the buyout of the company by Apollo Global Management (NYSE:APO) will move forward following the expiration of the go-shopping period.
- The company received 24 other proposals, but none of the potential acquirers move forward by executing a confidentiality agreement and topping the ADT offer.
- The acquisition is due to be completed by June pending shareholder approval.
- SEC Form 14A
Wed, Mar. 16, 4:45 AM
- Caesars Entertainment (NASDAQ:CZR) and its private equity backers could be on the hook for up to $5.1B in potential damages over a series of corporate deals that that a court-ordered examiner said led to the $18B bankruptcy protection filing by the casino company's operating unit.
- Richard Davis and a team of lawyers have spent a year probing whether Caesars, under the control of Apollo Global Management (NYSE:APO) and TPG Capital, stripped away prime properties and left the company unable to pay a mountain of debt.
- CZR -2.8% premarket
Tue, Mar. 15, 4:18 PM
- A sign of the times: Clayton Williams Energy this month announced it was borrowing $350M from Ares Management (NYSE:ARES) to replace an equivalent loan from a consortium of banks. For its part, Ares charges a higher rate than the banks, and received the rights to buy up to 18.5% of the company and appoint two to the Clayton board.
- Clayton had no choice, and for Ares it's "loan-to-own" - either it makes plenty on the loan (12.5% interest) or it potentially winds up with the company in a bankruptcy.
- Look for similar deals to be struck this spring, with shops with big credit units like Blackstone (NYSE:BX), Apollo (NYSE:APO), and Oaktree (NYSE:OAK) prime candidates to take the lead.
- Source: Reuters' Koh Gui Qing
Tue, Mar. 15, 10:31 AM
- Ferro (FOE +7.2%) spikes after a Bloomberg report that it recently received a takeover approach from Apollo Global Management (APO -1.3%).
- FOE rebuffed the initial approach, but it is not clear whether the maker of chemicals for the manufacturing industry plans to engage in negotiations or if APO plans to return with a fresh proposal, according to the report.
- Activist investor FrontFour Capital yesterday released a letter calling for FOE to pursue strategic alternatives, including a potential sale of the business.
Mon, Mar. 14, 7:43 AM
- Shares of The Fresh Market (NASDAQ:TFM) soar in early trading after the company agrees to a cash tender offer from P-E firm Apollo Global Management (NYSE:APO).
- The P-E firm will pay $28.50 per share for the grocery store chain for a deal price of $1.36B.
- Under the terms of the deal, The Fresh Market has 21 days to solicit other offers, putting Kroger (NYSE:KR) on a short clock.
- Previously: Reuters: Apollo nears deal to acquire The Fresh Market (Mar. 13 2016)
- TFM +22.93% premarket to $28.25.
Sun, Mar. 13, 5:37 AM
- Private equity firm Apollo Global Management (NYSE:APO) is nearing a deal to acquire The Fresh Market Inc (NASDAQ:TFM) for $28.50 per share in cash, or more than $1.3B, in a move that could derail bids from Kroger (NYSE:KR), KKR, and TPG Capital.
- Sources told Reuters that an agreement could be announced as early as Monday, but cautioned that a deal had not yet been finalized and was still possible to be amended or fall apart at the last minute.
Tue, Mar. 8, 3:41 PM
- Anonymous Content -- the producers of the last two Best Picture Oscar winners, Spotlight and Birdman -- is shopping itself for a sale or major investment and drawing some reported interest from a number of media firms.
- The Wall Street Journal points to several names that might invest at a valuation of $200M for the company: Viacom (VIA, VIAB), Metro-Goldwyn-Mayer, Vivendi (OTCPK:VIVHY) and Endemol Shine (FOX, FOXA, APO).
- Anonymous Content is seeking a buyer with nice market timing for content -- which is drawing increasingly higher prices from a growing pile of stakeholders -- but at a price that amounts to nearly 40 times its annual cash flow of $5M.
- Along with its Oscar chops, the firm's also behind The Revenant (which won an Oscar for star Leonardo DiCaprio) and regarded television series Mr. Robot and True Detective. And it manages hundreds of creatives in the film/TV field.
Thu, Mar. 3, 6:18 PM
- P-E firms Blackstone (NYSE:BX) and Onex are teaming up to bid for Philips' (NYSE:PHG) lighting unit, which could be worth €4.5B-€5B, WSJ reports.
- Apollo Global (NYSE:APO) and U.K.'s Melrose Industries also are competing for the unit, according to the report.
- The lighting unit, which includes PHG's traditional lamps operation as well as a business that makes lamps with energy-efficient LEDs, had €7.4B in sales last year.
Mon, Feb. 22, 3:39 PM
- "To be able to keep paying dividends, keep having the money to spend on capital expenditures, but also paying back the banks, people are forced to selll more non-core properties," says Carlyle's (CG +2.5%) head of international energy, Marcel van Poecke, explaining why he and other private-equity dealmakers are excited about the coming months.
- Private-equity firms in total have raised about $20B for energy deals in the past two years, but most has remained as dry powder as oil producers have resisted pressure to sell. That's about to change. "The do-nothing scenario is disappearing very quickly for a lot of companies,” says another P-E player. “With every other source of capital drying up, it’s difficult not to be excited about the opportunities that are coming up.”
- Carlyle has about $20B available to invest in energy; Apollo Global (NYSE:APO) and Blackstone (NYSE:BX) have similar amounts.
Apollo Global Management LLC is a global alternative investment manager. It provides private equity, credit-oriented capital markets and real estate. The company raises, invests and manages funds on pension and endowment funds as well as other institutional and individual investors. It operates... More
Industry: Diversified Investments
Country: United States
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