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.

Reuters – Judge OKs Hostess’s Twinkies, Ding Dongs sale

Twinkies, Ding Dongs and Wonder Bread may soon be back in stores after a bankruptcy court judge on Tuesday approved sales of several iconic brands that had been owned by the failed Hostess Brands Inc, writes Reuters. Buyout firms Apollo Global Management and Metropoulos & Co teamed up for Hostess’s snack cake brands, paying $410 million for Twinkies, Ho Hos, Ding Dongs and Donnettes.

Reuters – Hostess Cupcakes, Twinkies Finds their Savior

Dean Metropoulos has teamed up with longtime partner Apollo Global Management to buy some snack cake brands from bankrupt Hostess Brands Inc, writes Reuters. Hostess said on Monday that their $410 million bid was unrivaled, paving the way for the sale of Twinkies, Ding Dongs and Cupcakes once a U.S. bankruptcy court approves.

cashroll

Reuters – Apollo’s Constellium eyes IPO

Apollo Global Management-backed company Constellium, which makes aluminum products for the aerospace and transportation industry, is starting to interview banks for an initial public offering, writes Reuters. The company, based in Paris, is 51 percent owned by Apollo, 39 percent owned by metals and mining giant Rio Tinto and 10 percent owned by the French investment fund FSI.

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