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Apollo Global Management LLC

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  • *Sector facing multi-billion-dollar funding shortfall. LONDON, April 17- Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980 s. Avance Gas listed this week in Oslo.

  • Momentive Performance Materials files for bankruptcy Sunday, 13 Apr 2014 | 11:07 PM ET

    April 13- Silicone and quartz producer Momentive Performance Materials Inc, owned by Apollo Global Management LLC, on Sunday filed for Chapter 11 bankruptcy protection as part of a "restructuring support agreement" with some of its creditors.

  • LONDON, April 3- Global private equity firm KKR has bought $150 million worth of shipping loans from two European banks amid a surge of interest in the industry as world trade in goods picks up along with the global economy.

  • NEW YORK, March 31- Credit investment and private equity firm Ares Management LP filed to go public on Monday in what would be the first initial public offering by a major alternative asset manager since Carlyle Group LP's flotation two years ago.

  • NEW YORK, March 31- Credit investment and private equity firm Ares Management LP filed to go public on Monday in what would be the first initial public offering by a major alternative asset manager since Carlyle Group LP's flotation two years ago.

  • UPDATE 1-Ares Management files for IPO Monday, 31 Mar 2014 | 5:38 PM ET

    NEW YORK, March 31- Credit investment and private equity firm Ares Management LP filed to go public on Monday in what would be the first initial public offering by a major alternative asset manager since Carlyle Group LP's offering two years ago. Ares said in a filing with the U.S. Securities and Exchange Commission it planned to list on the New York Stock Exchange.

  • Top Texas energy company on verge of bankruptcy Friday, 28 Mar 2014 | 3:57 PM ET

    March 28- Leading Texas power company Energy Future Holdings is widely expected to file for bankruptcy in the coming days, the victim of a record-breaking buyout that piled it with debt just as prices for its electricity plunged.

  • Ares Management prepares to file for IPO -sources Thursday, 27 Mar 2014 | 5:40 PM ET

    March 27- Ares Management LLC, the credit investment and private equity firm that has been pitched on the idea of an initial public offering for more than a year, is finally close to registering to go public, according to two people familiar with the matter. JPMorgan Chase& Co and Bank of America Corp will be among the underwriters, they added.

  • NEW YORK, March 26- Carlyle Group LP is considering buying a traditional money manager to broaden its own investment platform, as the private equity firm tries to attract more retail investors and achieve the higher stock market valuation commanded by such managers, according to sources familiar with the situation.

  • March 20- Private equity and asset management firm Apollo Global Management LLC said Marc Spilker would step down as president and member of the executive committee. Spilker, 49, graduated with degree in economics from the Wharton School of the University of Pennsylvania.

  • Apollo Global President Marc Spilker to step down Thursday, 20 Mar 2014 | 8:56 AM ET

    March 20- Private equity and asset management firm Apollo Global Management LLC said Marc Spilker will step down as president and member of the executive committee.

  • "Europe is about three years behind the United States. The recovery both in the macroeconomy and stock prices is lagging, that's why U.S. investors are coming in now, "said Joseph Oughourlian, CEO of London- based hedge fund Amber Capital.

  • March 3- Apollo Global Management LLC Chief Executive Officer and co-founder Leon Black received $369.4 million in dividends and pay from his private equity and credit investment firm in 2013, up 105 percent from 2012, a regulatory filing showed on Monday.

  • NEW YORK, March 1- Veteran food industry investor C. Dean Metropoulos is seeking a new owner for Pabst Brewing Co, best known for blue collar-turned-hipster favorite Pabst Blue Ribbon label, people familiar with the matter said.

  • NEW YORK, Feb 28- TGI Fridays, the global casual dining restaurant chain known for its red-striped canopies and memorabilia-rich decor, is in advanced talks to sell itself to buyout firm TriArtisan Capital Partners, people familiar with the matter said on Friday.

  • Peer Blackstone Group LP reported an 11.5 percent rise in the same quarter, Apollo Global Management reported a 9 percent rise and KKR& Co LP reported an 8.4 percent rise.

  • TPG to take its BDC public amid shadow banking bonanza Tuesday, 18 Feb 2014 | 11:39 AM ET

    Feb 18- Private equity firm TPG Capital LP registered its business development company for an initial public offering on Tuesday, seeking to capitalize on the growth of such credit investment vehicles and the rise of the shadow banking sector.

  • Feb 10- U.S. casino operator Caesars Entertainment Corp is working with investment bank Lazard Ltd on a financial restructuring, a person familiar with the matter said. Caesars, which operates the Caesars Palace and Flamingo casinos on the Las Vegas Strip, is saddled with more than $16 billion in debt, according to Thomson Reuters data.

  • NEW YORK, Feb 7- Apollo Global Management LLC reported a 37 percent drop in fourth-quarter profit per share on Friday, failing to match its carried interest income from a year ago, yet the result beat most analysts' expectations on stronger fund values.

  • Apollo's fourth-quarter profit drops 37 percent Friday, 7 Feb 2014 | 7:42 AM ET

    NEW YORK, Feb 7- Apollo Global Management LLC reported a 37 percent drop in fourth-quarter profit per share on Friday despite a big rise in the value of its private equity funds, as it failed to match the carried interest income from a year ago. Economic net income after taxes totaled $1.06 per share, compared with $1.69 a year earlier.

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