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Apollo Global Management LLC

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  • DUBAI, April 8- Apollo Global Management is in talks to expand its business into the Middle East for the first time through a joint venture with a local investment firm, three sources aware of the matter told Reuters on Wednesday. It is the world's third-largest alternative asset manager after Blackstone Group and Carlyle Group, and has offices in eight...

  • March 31- YouTube pioneer Michelle Phan, who built a business empire around her popular makeup tutorials, on Tuesday debuted a global online network devoted to beauty, fashion and lifestyle that features original series by her and other creators. Phan launched the ICON network with Endemol Beyond, a premium channel network owned by Endemol Shine Group.

  • LISBON, March 24- Seven institutions, including the euro zone's largest listed bank, Santander, have presented non-binding bids for Portugal's Novo Banco, the successor to Banco Espirito Santo after a state rescue last year. Portuguese authorities hope to sell Novo Banco soon to recover the funds injected last August in the 4.9 billion euro rescue operation...

  • March 16- Buyout firm Apollo Global Management LLC is in advanced talks to acquire most of the assets of Digital First Media, publisher of the Denver Post and San Jose Mercury News, for around $400 million, according to people familiar with the matter. Apollo has so far prevailed over rival Cerberus Capital Management LP in the auction for Digital First Media, the...

  • SYDNEY, March 15- A consortium of private equity firm KKR& Co LP, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital's Australian and New Zealand consumer lending arm for A $8.2 billion. "GE Capital is one of the most respected providers of consumer finance in Australasia," said Ed Bostock, director of KKR Australia.

  • March 12- A U.S. bankruptcy judge on Thursday ordered an independent examiner to investigate transactions by the operating unit of Caesars Entertainment Corp, which filed for Chapter 11 this year. Creditors have alleged that the operating unit is unable to pay its debts because the parent company looted it for the benefit of its controlling private equity...

  • March 3- The operating unit of casino company Caesars Entertainment Corp unveiled its plan to cut $10 billion of debt and to exit Chapter 11 in a late Monday filing with a U.S. Bankruptcy Court. Bankruptcy Judge Benjamin Goldgar in Chicago and creditors, a process that can easily take a year. The plan was filed on Monday when the parent company Caesars...

  • SINGAPORE, March 4- As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. The New York- based private equity firm had generated "great but not spectacular" gains in its investments in clean tankers, vessels that carry...

  • Caesars' operating unit files bankruptcy exit plan Tuesday, 3 Mar 2015 | 12:20 PM ET

    March 3- The operating unit of casino company Caesars Entertainment Corp unveiled its plan to cut $10 billion of debt and to exit Chapter 11 in a late Monday filing with a U.S. Bankruptcy Court. Bankruptcy Judge Benjamin Goldgar in Chicago and creditors, a process that can easily take a year or more. The plan was filed on Monday when the parent company Caesars...

  • Private equity firms scramble to hire young bankers Wednesday, 11 Feb 2015 | 7:29 AM ET
    Businessman giving money

    They are only in their 20s, but some Wall Street bankers are the most sought-after around, with lucrative pay packages dangling before them.

  • Feb 10- KKR& Co LP on Tuesday reported an 89 percent drop in fourth-quarter profit, much steeper than expected, becoming the latest alternative asset manager to report lower earnings because of plunging oil prices. Peer Apollo Global Management LLC said last week its fourth-quarter profit fell by 79 percent. Adding to its woes was U.S. oil and gas producer Samson...

  • Feb 4- Private equity firm Apollo Global Management LLC is exploring a sale or initial public offering of Great Wolf Resorts Inc, the largest U.S. operator of indoor water parks, according to people familiar with the matter. Apollo, which took Great Wolf private in 2012 for $703 million, is working with Goldman Sachs Group Inc and Deutsche Bank AG on a so-called...

  • Big money looking for smart plays on energy Wednesday, 4 Feb 2015 | 1:42 PM ET
    Oil gas Russia

    Hedge and private equity funds are worked up about the energy opportunity—and investors are starting to listen.

  • Jan 28- The bankruptcy of the operating unit of Caesars Entertainment Corp's will proceed in Chicago, a victory for the casino company's private equity backers over its hedge fund creditors who wanted the case in Delaware. Bankruptcy Judge in Delaware sent shares of parent company Caesars Entertainment, which is controlled by Apollo Global Management and...

  • Jan 28- A U.S. bankruptcy judge said on Wednesday he would not transfer the bankruptcy filing of Caesars Entertainment Corp's operating unit to Delaware from Chicago, a victory for the company's private equity backers. Hedge funds creditors wanted the casino company's $10 billion debt-cutting plan reviewed under the legal standards of the Delaware court.

  • WILMINGTON, Del, Jan 27- The operating unit of Caesars Entertainment Corp will learn Wednesday whether its bankruptcy will proceed in Chicago, where the casino company filed for Chapter 11 this month, or in Delaware, a U.S. bankruptcy judge in Delaware said on Tuesday. Allowing the case to proceed in Chicago would be a victory for Caesars private equity backers,...

  • NEW YORK, Jan 27- Blackstone Group LP, the world's largest alternative asset manager, is raising its first energy-focused credit fund, according to people familiar with the matter, the latest sign that private equity firms are seeing investment opportunities among distressed energy assets. GSO Capital Partners LP, Blackstone's credit investment arm, has...

  • WILMINGTON, Delaware/ CHICAGO Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday in Chicago to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started. The bankruptcy was filed overnight by Caesars Entertainment Operating Company Inc and 179...

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt, but faced an immediate challenge over where the case should proceed. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and scores of affiliates...

  • Caesars Entertainment's unit files for bankruptcy Thursday, 15 Jan 2015 | 4:26 AM ET
    Caesars Entertainment Corp.'s Caesars Palace in Las Vegas.

    The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday.