• Dec. 12, 2016, 3:24 AM
    • Philips (NYSE:PHG) is turning the lights off, selling its majority stake in LED components supplier Lumileds to affiliates of Apollo Global Management (NYSE:APO).
    • The $1.5B transaction is expected to be completed in the first half of 2017 and will see Philips will retain the remaining 19.9% interest in Lumileds.
    Dec. 12, 2016, 3:24 AM | 1 Comment
  • Oct. 27, 2016, 3:37 PM
    • Sanchez Energy (SN +2.7%) is in talks to partner with Blackstone (BX +1%) on a deal to purchase Anadarko Petroleum's (APC +1.5%) south Texas oil and gas assets for $3B-$3.5B, WSJ reports.
    • Blackstone and the P-E firm’s GSO Capital Partners credit arm likely would fund or participate in the purchase, although the details are not known, according to the report.
    • Sanchez reportedly also has been in talks with Apollo Global Management (APO +1.5%) and energy-focused P-E firm EIG Global Energy Partners to participate in the bid.
    Oct. 27, 2016, 3:37 PM | 7 Comments
  • Sep. 27, 2016, 1:08 PM
    • With payment made, Apollo Global Management (NYSE:APO) has wrapped its purchase of kiosk operator Outerwall (NASDAQ:OUTR).
    • Apollo paid $52/share (total enterprise value of $1.6B, including debt). On Sept. 23, about 69.3% of the outstanding shares of Outerwall were tendered and accepted.
    • The firm said Outerwall's segments will be operated as three distinct businesses: Galen Smith will run Redbox as its CEO, James Gaherity will serve as CEO of Coinstar, and David Maquera will act as CEO of ecoATM.
    • Outerwall CEO Erik Prusch is leaving the company.
    Sep. 27, 2016, 1:08 PM | 3 Comments
  • Sep. 19, 2016, 6:21 PM
    • Community Health Systems (NYSE:CYH) +7.1% AH higher following a Reuters report that Apollo Global Management (NYSE:APO) is among P-E firms and REITs in talks to acquire some of the company's assets.
    • APO is seeking to add scale to its RegionalCare Hospital Partners portfolio company with more hospitals, according to the report.
    • CYH said earlier that it was in the early stages of exploring a variety of options with unnamed financial sponsors, as well as other unspecified alternatives.
    • On Friday, Bloomberg published a report speculating on a potential sale of CYH that offered few statistics.
    Sep. 19, 2016, 6:21 PM | 6 Comments
  • Aug. 26, 2016, 8:56 AM
    • The deal with funds of Apollo Global (NYSE:APO) for $32 per share is about where a sale had been expected to take place. Rackspace (NYSE:RAX) closed yesterday at $30.19.
    • The sale is expected to close in Q4.
    Aug. 26, 2016, 8:56 AM | 17 Comments
  • Jul. 25, 2016, 8:36 AM
    • Outerwall (NASDAQ:OUTR) announces it will be acquired by affiliates of Apollo Global Management (NYSE:APO) for $52 per share in a deal that will see the company go private.
    • The total enterprise value of the deal is $1.6B, including debt. The transaction is expected to close in Q3.
    • OUTR closed at $46.91 on Friday. Shares are currently under a Nasdaq trading halt.
    Jul. 25, 2016, 8:36 AM | 15 Comments
  • Jul. 15, 2016, 4:30 PM
    • Ferro (NYSE:FOE) -10.3% AH following a Reuters report that it turned down takeover offers from P-E firms Apollo Global Management (NYSE:APO) and CVC Capital Partners as too low.
    • FOE's board reportedly met this week and rejected the offers, which were below the company's current trading price of ~$14/share.
    • FOE may explore other alternatives if the P-E firms fail to improve their offers, and may consider making an acquisition itself, according to the report.
    Jul. 15, 2016, 4:30 PM
  • Jun. 29, 2016, 9:23 AM
    • The all-cash deal works out to $30.25 per share, about 26% higher than yesterday's close and 58% above the price in February when the company announced its intention to look into a sale.
    • There is no financing contingency, and the deal is expected to close over the next few months.
    • SA contributor Chris DeMuth has suggested DRII could be worth $36-$39 per share to a buyer like Wyndham (NYSE:WYN).
    • DRII +24% premarket to $29.82.
    Jun. 29, 2016, 9:23 AM | 2 Comments
  • Jun. 29, 2016, 8:18 AM
    • Diamond Resorts International (NYSE:DRII) is higher by 15.8% premarket as the WSJ's Matt Larzemsky reports Apollo (NYSE:APO) is near a deal to purchase.
    • It was rumored several months ago that DRII management was considering teaming with a P-E player for a buyout.
    Jun. 29, 2016, 8:18 AM
  • Jun. 2, 2016, 2:33 PM
    • Concordia Healthcare (CXRX -14.2%) was up big earlier today on a rumor Blackstone (NYSE:BX) was near a deal to purchase. Now the WSJ is reporting both Blackstone and The Carlyle Group (NASDAQ:CG) did not submit final bids which were due on Tuesday, leaving Apollo Global (NYSE:APO) as potentially the last P-E suitor standing.
    Jun. 2, 2016, 2:33 PM | 35 Comments
  • Apr. 22, 2016, 9:10 AM
    Apr. 22, 2016, 9:10 AM | 1 Comment
  • Apr. 19, 2016, 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? »
    Apr. 19, 2016, 8:39 PM | 32 Comments
  • Apr. 18, 2016, 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
    Apr. 18, 2016, 11:56 AM | 1 Comment
  • Mar. 15, 2016, 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.
    Mar. 15, 2016, 10:31 AM
  • Mar. 14, 2016, 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.
    Mar. 14, 2016, 7:43 AM | 2 Comments
  • Mar. 13, 2016, 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.
    Mar. 13, 2016, 5:37 AM | 18 Comments