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News Breaks | | | | December 27, 2012 | | 07:42 EDT |  | APO, KKR, BX, FIG, CG | PE firms using more debt to fund acquisitions, FT reports
The amount of cash that U.S. private equity groups are putting into large acquisitions has fallen to just 33% this quarter, representing a five-year low, and the groups are also using the strong debt market to pay themselves more in special dividends this year than at any time since 2007, according to Financial Times, citing data from Thomson Reuters and Dealogic. Reference Link | |
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News For KKR;CG;BX;APO;FIG From The Last 14 Days Check below for free stories on KKR;CG;BX;APO;FIG the last two weeks. |
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| May 20, 2013 | | 13:06 EDT |  | BX | On The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday as the Dow and S&P seek to continue their march higher after closing last week at record levels. ECONOMIC EVENTS: In the U.S., the light domestic economic calendar included the Chicago Fed National Activity index, which slipped to -0.53 for April from its prior reading of -0.23. In Asia, the Hang Seng and Shanghai Composite both climbed after Chinese home prices were reported to have risen in April. COMPANY NEWS: Yahoo (YHOO) confirmed it is buying social media platform Tumblr for $1.1B, as widely reported over the weekend, and promised "not to screw it up" in its press release to announce the deal... Actavis (ACT) agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5B. The deal, which was approved by the boards of both companies, equates to a value of $20.08 per Warner Chilcott share based on Actavis' closing share price on Friday, the companies said. MAJOR MOVERS: Among the notable gainers were some other companies with M&A news: Acquity Group (AQ) shares more than doubled after Accenture (ACN) agreed to buy the company for $13.00 per American Depositary Share, and Pactera Technology (PACT) gained 31% after receiving a non-binding proposal from a Blackstone (BX) affiliate to be taken private for $7.50 per ADS. Among the noteworthy losers was XenoPort (XNPT), which fell 11% after one of its drugs failed in a Phase III trial for multiple sclerosis spasticity. Also lower were shares of Red Hat (RHT), which slid 4% following a downgrade to Market Perform at BMO Capital. INDICES: Near 1 pm ET, the Dow was up 13.67, or 0.09%, to 15,368.07; the Nasdaq was up 1.13, or 0.03%, to 3,500.10; and the S&P 500 was up 2.18, or 0.13%, to 1,669.65. | | | 12:52 EDT |  | BX | Blackstone biggest outside investor in SAC Capital, CNBC reports
Blackstone (BX) is the biggest outside investor in SAC Capital, with over $400M placed at the hedge fund, CNBC's Kate Kelly reports. Blackstone expects to pull some money from SAC, added Kelly. | | | 09:26 EDT | | BX | On The Fly: Pre-market Movers
 Subscribe for More Information | | | 08:38 EDT | | BX | First Potomac sells industrial portfolio for $259M
Subscribe for More Information | | | 08:30 EDT |  | KKR | KKR & Co. to host investor day
Subscribe for More Information | | | 07:50 EDT | | CG | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link | | | 07:10 EDT | | APO | NY State investigates firms' investments that back fixed annuities, WSJ reports
Subscribe for More Information | | | 06:09 EDT | | APO | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The New York Department of Financial Services yesterday sent subpoenas to Apollo Global Management (APO), Guggenheim Partners and Harbinger Group (HRG) as part of an investigation seeking more information on investments that back so-called fixed annuities, sources say, the Wall Street Journal reports...As Home Depot (HD) and Lowe’s (LOW) report fiscal Q1 results this week, the reconstruction phase from last year's superstorm Sandy will be looming large as cooler-than-normal temperatures delay spring selling, the Wall Street Journal reports...REUTERS: Danone Group (DANOY) will invest $417M in two deals with China Mengniu Dairy Co., marking a comeback for the French group in China where scandals have hurt confidence in food safety, Reuters reports...The Nikkei share average surged to a new 5 1/2 year high today, boosted by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months, Reuters reports...BLOOMBERG: The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades, Bloomberg reports...As JPMorgan Chase’s (JPM) Jamie Dimon prepares for a vote Tuesday on whether he should keep his chairman and CEO titles, he may take comfort knowing that seven of the bank’s 10 largest owners are run by CEOs who are also chairmen, Bloomberg reports. | | | May 16, 2013 | | 07:11 EDT | | KKR, BX | Some asset managers want investors to buy their shares, Reuters reports
Subscribe for More Information | | | 06:08 EDT | | BX, KKR | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | | May 15, 2013 | | 16:09 EDT | | BX | DDR Corp. acquires select prime power centers from its Blackstone JV for $1.46B
DDR Corp. (DDR) announced an agreement to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII (BX). The acquisition, which is expected to close in Q4 subject to customary closing conditions, will significantly increase DDR's cash flow generated by very high quality, large format prime power centers located in top MSA's in the United States. The joint venture between Blackstone and DDR currently owns 44 shopping centers, and DDR has executed a purchase and sale agreement to acquire Blackstone's 95% common equity ownership interest in 30 of these shopping centers for $1.46B. DDR intends to fund this acquisition through a combination of the assumption of $398M in existing debt, nearly $150M from the repayment of preferred equity and mezzanine loans previously funded by DDR and proceeds from the issuance of common equity and unsecured debt. As part of the consideration, DDR has the right, subject to certain conditions, to issue common shares to Blackstone in an amount not to exceed $250M. | | | 16:07 EDT | | BX | DDR Corp. acquires select prime power centers from its Blackstone JV for $1.46B
Subscribe for More Information | | | 07:11 EDT | | CG, APO, BX, KKR | Some buyout firms move beyond buyouts, WSJ reports
Subscribe for More Information | | | 06:08 EDT | | CG, KKR, BX, APO | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 14, 2013 | | 05:44 EDT | | BX | Banks work deals from both sides of the field, WSJ reports
Subscribe for More Information | | | May 13, 2013 | | 10:09 EDT |  | CG | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 10:09 EDT |  | APO | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 06:45 EDT |  | APO | Apollo Global coverage assumed with a Buy at UBS
Subscribe for More Information | | | 06:44 EDT | | CG | Carlyle Group downgraded to Neutral from Buy at UBS
Subscribe for More Information | | | 05:38 EDT | | APO | Apollo Global upgraded to Outperform from Market Perform at Keefe Bruyette
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