Private equity companies are looking in to oil, according to execs at Berlin PE meeting.» Read More
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...
In his dealings with Wall Street, billionaire Jon Huntsman Sr. told CNBC there's something he doesn't like much.
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.
The company raised about $161.4 million after its offering was priced at $12 per share, the low end of its expected price range of $12- $14. Smart and Final, backed by private equity firm Ares Management LP, is selling all the 13.45 million shares in the offering. Ares Management bought Smart and Final from Apollo Global Management LLC in 2012 for $975 million.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Sept 16- Blackstone Group LP aims to raise about $16 billion for its latest flagship buyout fund, roughly in line with a predecessor fund that wrapped up fundraising in 2012, a person familiar with the matter said on Tuesday. The Wall Street Journal earlier reported on the fundraising target.
Sept 11- Food retailer Smart& Final Stores Inc said it expects its initial public offering to be priced between $12 and $14 per share, valuing the century-old company at nearly $1 billion. Smart& Final, which is backed by private equity firm Ares Management LP, runs 250 non-membership, small-box, warehouse-style stores in western United States.
Sept 2- Norwegian Cruise Line Holdings Ltd said it would buy Prestige Cruises International Inc from its owner Apollo Global Management LLC in a $3 billion deal to expand its high-end luxury cruise offerings.
Some of Wednesday's midday movers:
The selling in the Nasdaq and small cap names is making some traders nervous, and some say it's a time to be wary while the once sizzling names burn.
Another credit bubble is being inflated, according to a senior private equity executive.
Corporate America’s well-oiled compensation machine is running like a dream.
Private equity firm Apollo Global Management said Marc Spilker would step down as president and member of the executive committee.
Private equity firm Apollo Global, which recently acquired Chuck E Cheese, is reportedly mulling a deal to buy Dave & Buster's, Bloomberg reported.
Some of the names on the move ahead of the open.
Apollo Global Management LLC said it would buy CEC Entertainment, the parent of Chuck E Cheese restaurant chain, for about $948 million.
Apollo Global Management has completed fundraising for its latest private equity fund, amassing $17.5 billion from investors.