Apollo seeks to exit Lighthouse – Reuters

Apollo Global Management is looking to cash out on its investment in the owner of Lighthouse Investment Partners, three years it after it backed the fund-of-hedge-funds manager, writes Reuters. Disagreements over strategy and disappointment with Lighthouse’s performance, however, have prompted the alternative asset manager to pursue an exit, writes Reuters.

Australia’s Nine IPO prices at bottom of range – Reuters

Australia’s Nine Entertainment Co priced its initial public offering at the bottom of its marketing range, giving the indebted TV network a market capitalisation of A$1.9 billion ($1.74 billion), writes Reuters. The listing, set for Friday, comes a year after Nine avoided receivership with U.S. private equity funds Oaktree Capital Group and Apollo Global Management taking control in a more than $3 billion debt-for-equity swap, writes Reuters.

ITW gets private equity bids for $3 billion-plus unit – Reuters

At least six major private equity groups are competing to buy the industrial packaging segment of Illinois Tool Works, in a deal that could fetch more than $3 billion, writes Reuters. Carlyle, Blackstone, Apollo Global Management, Bain Capital, Ares Management and a consortium of Onex Corp and the Canada Pension Plan Investment Board are among the firms that advanced to the second round of bidding.

Apollo considers raising investment limit on flagship fund – reuters

Apollo Global Management is considering seeking approval to raise the limit on its new flagship fund following investor interest, Bloomberg reported, writes Reuters. Apollo has discussed with investors about getting permission to increase the $15 billion limit on Apollo Investment Fund VIII LP, writes Reuters.

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