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March 21, 2014
07:17 EDTEPE, APO, KKRApollo shale deal pays off, KKR deal goes sour, Bloomberg reports
In shale-field buyout deals separated by only three months in late 2011 and early 2012, Apollo Global (APO) bought EP Energy (EPE) for $7.15B and was able to turn a profit for investors, while KKR (KKR) bought Samson Resources for $7.2B but Samson was weighed down by its debt and was unable to transform successfully, reported Bloomberg. Reference Link
News For APO;EPE;KKR From The Last 14 Days
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November 30, 2015
09:59 EDTAPOTribune Publishing disputes Murdoch tweet, says not in talks to sell
Shares of multi-platform media and marketing solutions company Tribune Publishing (TPUB) are surging in morning trading after Rupert Murdoch said that the company would likely be sold, However, Tribune has come out in response to state that it is not in discussions to sell the company. WHAT'S NEW: On Friday, Rupert Murdoch, the chairman and chief executive officer of News Corp (NWSA, NWS), said in a tweet that there was "strong word" that Tribune would be sold and that the LA Times would be spun off to a local group involving philanthropist Eli Broad. In an e-mailed message to employees on Monday, Tribune said it wanted to address the rumor regarding a potential purchase of the company, and said that "While our policy is not to comment on rumors, given the source of this speculation and the fact that it has received considerable public attention, the company believes a statement to employees is warranted." Tribune reaffirmed that it is committed to its strategy and transformation plan and that it is not engaged in talks or a process to sell the company. WHAT'S NOTABLE: Newsonomics' Ken Doctor reported that private equity firm Apollo Global Management (APO) approached Tribune "about a month ago," telling Tribune's Chairman Eddy Hartenstein about its interest in buying the company. Doctor notes that Tribune was "non-responsive" to requests for talks, and was "unwilling to schedule meetings or provide deeper-than-public financials." Doctor believes that, given Tribune's market capitalization and debt, a purchase price could be in the $650M-$750M range. Tribune has reportedly engaged a small group of newspaper veterans to "plot its next strategy, should an acquisition be finalized." PRICE ACTION: Tribune Publishing is up 9.2% to $10.14 in morning trading. OTHERS TO WATCH: Shares of other newspaper publishers, including McClatchy (MNI) and Gannett (GCI), are also higher this morning.
08:41 EDTAPOApollo approached Tribune over takeover about a month ago, Newsonomics says
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06:03 EDTKKRBlackstone-led group to buy Armacell from Charterhouse, Reuters reports
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November 29, 2015
19:51 EDTKKRKKR enters agreement to become controlling shareholder in Webhelp
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November 25, 2015
09:03 EDTKKRGE completes sale of consumer finance business in Australia, New Zealand
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November 22, 2015
19:03 EDTKKR, APOCVC, Canadian Pension to acquire Petco for $4.7B, Bloomberg says
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November 19, 2015
06:49 EDTKKRCiti closes out long KKR, short Och-Ziff pair trade
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November 18, 2015
16:24 EDTKKRBlackstone, Carlyle, KKR potential buyers of Armacell, Reuters says
Britain's Charterhouse has established a Friday deadline for bids on its insulation materials company Armacell, which may be valued at up to $1.06B, reports Reuters, citing sources. The business has attracted interest from private equity firms, with Blackstone (BX), Carlyle (CG), and KKR (KKR) "cited as potential buyers," according to the report. Reference Link
November 17, 2015
07:48 EDTKKRBofa/Merrill to hold a conference
Banking & Financial Services Conference 2015 is being held in New York on November 17-18.
05:21 EDTKKRKKR invests in Avendus Capital
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