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Apollo Global Management LLC

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  • SYDNEY, Dec 22- Spanish infrastructure giant Ferrovial SA tore up a sweetened $830 million offer for Australia's Transfield Services Ltd, putting the contractor under pressure to show it can thrive as the country's mining boom grinds to a halt. The shares fell to A $1.63 by mid-afternoon, their lowest since before Ferrovial made its initial A $1.95- per-share...

  • Dec 14- Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year. PetSmart said BC Partners, as well as some of its fund investors, including La Caisse de dépôt et placement du...

  • WASHINGTON, Dec 13- Apollo Global Management is nearing a buyout of PetSmart Inc for about $8 billion in what would be the largest leveraged deal for a U.S. company this year, Bloomberg reported on Saturday, citing unnamed sources. "New York- based Apollo is in late-stage talks to buy PetSmart for about $8 billion following an auction process that has been under way...

  • LONDON, Dec 4- GlaxoSmithKline said on Thursday it had decided not to sell a portfolio of older drugs marketed in North America and Europe after considering offers from potential buyers. A spokesman for GSK, which was being advised on the disposal by Lazard, declined to give any more details. Bidders, who had been hoping to clinch a deal before the end of the year,...

  • NEW YORK, Nov 18- Buyout firms KKR& Co LP and Clayton, Dubilier& Rice LLC have teamed up to take PetSmart Inc private for more than $7.5 billion, people familiar with the matter said on Tuesday, as the auction for the pet food retailer heats up. KKR and CD&R are planning to submit a joint bid for PetSmart next month, the people said. PetSmart shares traded up 2.2 percent on...

  • Hostess brand owners exploring sale: Sources Friday, 14 Nov 2014 | 7:49 AM ET

    The private equity owners of Hostess Brands are planning to put the maker of Twinkies and Ding Dongs up for sale, potentially valuing it at more than $1.7B.

  • NEW YORK, Nov 13- The private equity owners of Hostess Brands LLC are planning to put the maker of Twinkies and Ding Dongs up for sale in early 2015, potentially valuing it at more than $1.7 billion, including debt, according to people familiar with the matter. Apollo Global Management and C. Dean Metropoulos, which bought Hostess Brands out of bankruptcy for $410...

  • LONDON, Nov 13- Apollo Global Management is planning to bid for all GlaxoSmithKline's mature drugs, joining an auction expected to value the business at more than $3 billion, according to four people familiar with the process. GSK, Britain's biggest drugmaker, is looking to divest its mature prescription medicine products sold in North America and western...

  • Nov 10- KKR& Co, which led the acquisition of oil and gas producer Samson Resources Corp for $7.2 billion in 2011 and has already sold almost half its acreage to cope with lower energy prices, plans to sell its North Dakota Bakken oil deposit worth less than $500 million as part of an ongoing downsizing plan, according to people familiar with the matter.

  • Making junk-rated loans to companies that are often owned by private equity firms is a lucrative, high-margin business for major Wall Street banks. Leveraged loans accounted for $254.7 billion, or 74.7 percent, of criticized assets in the 2014 review, compared with $227 billion, or 75 percent, of criticized assets in 2013, the Federal Reserve, the Federal...

  • Oct 30- Apollo Global Management LLC reported a bigger-than-expected 91 percent drop in third-quarter profit on Thursday, as its private equity funds depreciated, in stark contrast to its peers, and the firm generated less cash from selling assets. A halt to the stock market rally weighed on the earnings of all of Apollo's publicly listed peers, with KKR& Co LP and...

  • Oct 30- Apollo Global Management LLC reported a bigger-than-expected 91 percent drop in third-quarter profit on Thursday as its private equity funds depreciated, in stark contrast to its peers, and the firm generated less cash from selling assets. Economic net income after taxes was $48 million versus $550.9 million a year earlier. This translated into ENI...

  • Fed day: Give these guys your money Wednesday, 29 Oct 2014 | 8:41 AM ET
    Federal Reserve Board Chair Janet Yellen.

    Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.

  • SEC boosts scrutiny of private equity performance Wednesday, 29 Oct 2014 | 7:15 AM ET

    The SEC is examining how private equity firms report a key metric of their past performance, as the regulator boosts scrutiny of the industry.

  • Including the general partner's money in the average net returns can inflate the fund's average net performance figure, and the SEC is investigating whether private equity fund managers properly disclose whether they are doing that or not, the sources said. An SEC spokeswoman declined to comment. The SEC's focus on the average net IRR disclosures, which has...

  • Street practice Jon Huntsman ‘doesn’t like much’ Tuesday, 28 Oct 2014 | 5:58 PM ET
    Jon M. Huntsman Sr., right, in 2012

    In his dealings with Wall Street, billionaire Jon Huntsman Sr. told CNBC there's something he doesn't like much.

  • A lost cause? This hedge fund wants in Friday, 24 Oct 2014 | 8:15 AM ET
    An American Apparel store is seen in New York.

    An under the radar hedge fund, Standard General, is trying to help RadioShack and American Apparel, reports the New York Times.

  • NEW YORK, Oct 22- Apollo Global Management LLC plans to start raising between $2 billion and $3 billion for a second natural resources private equity fund, sources familiar with the situation said, in the latest sign that the firm is doubling down on the U.S. shale boom. The firm's first resources fund, the Apollo Natural Resources Partners, has now almost fully...

  • Oct 10- Rupert Murdoch's Twenty-First Century Fox and Apollo Global Management LLC agreed to combine three of their TV production companies behind hit shows such as "Big Brother", "American Idol" and "Masterchef" under one group. The companies said they would set up a joint venture to hold Apollo-controlled Endemol and Core Media and Fox's Shine Group.

  • NEW YORK, Sept 25- Dow Chemical Co has kicked off a process to sell its epoxy and chlorine businesses, hoping to find a single buyer for them in what is set to be a multibillion-dollar deal, according to people familiar with the matter.