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Stock Market & Financial Investment News

News Breaks
March 22, 2013
07:36 EDTAPOApollo-affiliated fund to acquire Bankia's Spanish auto and consumer loan unit
Apollo European Principal Finance Fund II, a fund affiliated with Apollo Global Management, announced a definitive agreement to acquire FinanMadrid, the auto and consumer loan unit of Bankia, which includes more than 188,000 customer accounts in Spain with a balance of more than EUR873M of receivables. The accounts will continue to be managed by the approximately 125 person operating platform based in Madrid, Spain, which is also being acquired by Apollo EPF II. The transaction, the terms of which were not disclosed, is subject to regulatory approval and other customary closing conditions. The transaction is expected to close within four months.
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April 21, 2015
09:02 EDTAPOBlackstone, Wells Fargo in talks on more GE financial assets, Bloomberg says
General Electric (GE), which has announced plans to divest the majority of its GE Capital businesses, is in talks about the potential sale of its $74B U.S. commercial-lending unit, reported Bloomberg, echoing a similar report from The Wall Street Journal. Potential buyers include Blackstone (BX), Mitsubishi UFJ (MTU) Wells Fargo (WFC) and Apollo Global (APO), according to people with knowledge of the matter. Reference Link
April 14, 2015
13:02 EDTAPOFly Watch: Analyst expects strong Q1 results from private equity firms
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