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Stock Market & Financial Investment News

News Breaks
January 31, 2013
05:01 EDTAPOApollo, Metropoulos acquire majority of Hostess snack cake business for $410M
Hostess Brands announced that the company has selected affiliates of Apollo Global and Metropoulos as the stalking horse bidder for the majority of the assets of the company's snack cake business, which includes both Hostess and Dolly Madison branded products, including the Twinkies brand. Apollo and Metropoulos have agreed to pay $410M to purchase the brands, 5 bakeries and certain equipment. Hostess Brands has requested that the U.S. Bankruptcy Court for the Southern District of New York authorize the company to proceed with an auction for the majority of the assets of the snack cake business on March 13, provided the company receives competing qualified bids. The company will select the highest and best offer at the conclusion of the auction. The sale to the winning bidder requires court approval.
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October 13, 2014
05:32 EDTAPOApollo Credit launches retail sector investment JV
Funds managed by affiliates of Apollo Global Management announce the launch of Alteri Investors, a new joint venture focused on financing opportunities arising across performing, stressed and distressed retail sector situations in Europe. Structured as a partnership between funds managed under Apollo’s credit business and a team led by former GA Europe CEO Gavin George, Alteri will initially focus on the United Kingdom and Germany and expects to invest in retailers through both debt and equity transactions, typically in the GBP 10M-GPB 50M range, with additional capacity for larger transactions. Alteri will also seek to lend to retailers directly, providing flexible asset-based financing, either in a senior or second-lien capacity. In addition to the scale, resources and capital funding that Apollo Credit expects to contribute to Alteri, the Joint Venture will draw upon the experience of Alteri Advisors, which comprises a team of highly experienced professionals, drawn in part from the former GA Europe business under the leadership of Gavin George.
October 10, 2014
08:05 EDTAPO21st Century Fox, Apollo Global agree to form content joint venture
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08:03 EDTAPO21st Century Fox, Apollo Global form content joint venture
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