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Stock Market & Financial Investment News

News Breaks
February 3, 2014
09:02 EDTAPOMcGraw-Hill Educations agrees to acquire Engrade
McGraw-Hill Education announced that it has agreed to acquire Engrade, the developer of an open digital platform for K-12 education that unifies the data, curriculum and tools that educators use to drive student achievement and inform district educational strategy. Terms of the deal, which is expected to close imminently, were not disclosed. As part of McGraw-Hill Education's commitment to open standards, the company plans to grow Engrade's platform under its current business model while also deeply integrating Engrade with McGraw-Hill Education's own digital platforms.
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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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