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.

Stephen Schwarzman of Blackstone, photo by Gonzalo Fuentes of Reuters

Exclusive: Blackstone’s La Quinta attracts buyout interest – Reuters

La Quinta Inns & Suites has attracted interest from a number of potential suitors that could value the Blackstone Group-owned budget hotel chain at as much as $4.5 billion, three sources with knowledge of the matter told Reuters. Firms looking at La Quinta include Apollo Global Management and hospitality holding companies, sources said.

Leon Black of Apollo by Fred Prouser of Reuters

Exclusive: Apollo’s EP Energy Eyes IPO — Sources

(Reuters) – EP Energy LLC, the oil and gas company bought just last year by a private equity consortium led by Apollo Global Management LLC for $7.15 billion, is working with investment banks to prepare for an IPO as soon as this year, three people familiar with the matter said on Monday.

Reuters – Apollo Investors and Founders to Sell Shares

Apollo Global Management‘s cornerstone investors and two of its founders are selling a slice of their shares, writes Reuters. Cornerstone investors Abu Dhabi Investment Authority and California Public Employees’ Retirement System, which invested a combined $1.2 billion in Apollo in 2007, have each registered to sell stakes currently worth up to $203.4 million, writes Reuters.

Apollo Prices €325 million European CLO

Apollo Global Management said Friday it priced ALME Loan Funding 2013-1, a €325 million (US$426 million) Collateralized Loan Obligation. ALME-1 is Apollo’s first European CLO and it will invest in corporate leverage loans.

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget