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Stock Market & Financial Investment News

News Breaks
February 7, 2014
10:32 EDTAPOApollo Global sees private equity investments of $3B-$4B a year over long term
Apollo Global said its transaction pipeline "appears to be steadily building," though in the current environment where valuations remain "relatively high" the company will continue to be disciplined and patient in deploying its funds. The company said it still expects its long-term deployment average to be in the range of $3B$4 billion per year in private equity. The firm said it takes a "long-term view" towards capital deployment, measuring it in multiple years rather than quarters, and it remains confident that it can identify "ample opportunities" to make its funds an attractive investments. Comments from Q4 earnings conference call.
News For APO From The Last 14 Days
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March 24, 2015
14:34 EDTAPOGreat Wolf Resorts to be acquired by affiliate of Centerbridge Partners
Great Wolf Resorts announced that it has entered into a definitive agreement and plan of merger with an affiliate of Centerbridge Partners, whereby Centerbridge will acquire Great Wolf. Great Wolf is currently controlled by funds affiliated with Apollo Global Management (APO).
08:35 EDTAPOSpecial examiner may force bankruptcy for Caesars Growth Partners, NY Post says
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March 20, 2015
06:47 EDTAPOCreditors dispute 'inside deals' surrounding Caesars loyalty program, WSJ says
Caesars Entertainment's (CZR) customer loyalty program has been valued at $1B by creditors, who alleged in lawsuits surrounding its January bankruptcy that the Caesars parent company and majority stake holder Apollo (APO) made several improper deals designed to keep the loyalty unit inaccessible to creditors, reports the Wall Street Journal. Fitch Ratings analyst Alex Bumazhny now calls a swift bankruptcy process "increasingly unlikely," while the presiding judge gave additional scope last week to investigate the disputed deals. Reference Link
March 19, 2015
07:55 EDTAPOMolycorp bondholders led by Apollo close to hiring Blackstone, Bloomberg says
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March 18, 2015
15:22 EDTAPOMolycorp creditors close to hiring Blackstone, Bloomberg says
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07:27 EDTAPOFreeport seeks funding from Blackstone, Apollo, Reuters says
Freeport McMoRan (FCX) has hired Goldman Sachs (GS) and Barclays (BCS) to find private equity firms willing to finance certain of its energy projects and asset developments, reports Reuters, citing people familiar with the matter. Freeport is in talks with Blackstone (BX), Apollo (APO), and Warburg Pincus about a potential partnership. The sources say the firm may be seeking "several billion dollars," though discussions are in "very early" stages. Reference Link
07:18 EDTAPOWells Fargo to hold a forum
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