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Stock Market & Financial Investment News

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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.
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April 15, 2014
16:20 EDTAPOCaelus Energy Alaska, Apollo Global announce partnership
Caelus Energy Alaska and affiliates of Apollo Global Management (APO) have formed a strategic partnership to invest in oil and gas properties in Alaska. Caelus has closed its first transaction, the acquisition of Pioneer Natural Resources' (PXD) Alaskan oil and gas business, for $300M in cash, subject to adjustments, plus other consideration. Caelus, headquartered in Dallas has an executive management team led by CEO James C. Musselman and a technical team led by Chief Technical Officer Kenny Goh. Among other things, Mr. Musselman previously led Kosmos Energy, which discovered the 1 billion-plus barrel Jubilee field off the West African coast, and Triton Energy, which was acquired by Amerada Hess for $3.2B. Apollo funds have the opportunity to invest up to $1B in Caelus to develop the company's existing assets and to pursue acquisitions or other additional investments.
April 10, 2014
07:49 EDTAPOApollo, EQT, Blackstone mull offers for Gas Natural unit, Bloomberg says
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