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.

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.

Reuters – Hostess Cleared to Auction off Twinkie Brand

Hostess Brands, the bankrupt maker of Twinkies snack cakes, received court permission on Monday to proceed with auctions for several of its brands, including Twinkies and Wonder Bread, writes Reuters. Private equity firms Apollo Global Management and C. Dean Metropoulos & Co have set a baseline offer of $410 million to buy the company’s snack cake brands, Hostess said last month.

growing

Apollo’s Fourth-Quarter Profits Double

Apollo Global Management LLC reported a 95 percent rise in quarterly earnings, as strong gains in private equity profits, driven by asset sales, more than compensated for a drop in income in its credit investment business.

Reuters – Reliance Steel to Buy MUSA

Reliance Steel & Aluminum has forged a $766 million deal to buy Metals USA Holdings Corp, writes Reuters. Private equity firm Apollo Global Management owns about 53 percent of Metals USA, which went public in April 2010 at an initial offer price of $21.00. The $20.65 offer from Reliance is almost 2 percent below the IPO price, writes Reuters.

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