Apollo Management
PE-backed Gala Coral to sell casinos for £205m
PE-backed Gala Coral has agreed to sell its UK casinos business to bingo and casino operator Rank for £205m.
TRS head of PE steps down
Steve LeBlanc, head of private market investments at the Teacher Retirement System of Texas (TRS), will step down from his position in June and return to the private sector.
Apollo acquires Taminco for €1.1bn
Apollo Global Management has acquired chemical company Taminco from CVC for about €1.2bn.
Apollo listing raises $565m
Apollo Global Management has raised $565m in a delayed IPO.
Apollo to list on NYSE in coming weeks
US fund Apollo is planning to list on NYSE in the coming weeks, according to media reports.
Private equity firms interested in ISS
Private equity firms are looking to acquire Danish cleaning services provider ISS as the deadline for the first round of the sales process nears, according to reports.
Apollo makes offer for BHF Bank
Apollo Management has made an offer for BHF Bank, a subsidiary of Deutsche Bank.
Big guns circle CVC-backed Mivisa
Five prominent buy-out houses are circling Mivisa, the portfolio company of their private equity rival CVC Capital Partners.
Private equity giants reportedly eyeing ING unit
ING REIM, the Dutch bank's internal real estate investment unit, is reportedly attracting interest from private equity investors, including KKR and Apollo Management.
CVC and Apollo in Brit Insurance agreement
CVC Capital Partners and Apollo Management have reached an agreement with Brit Insurance to take the company private.
CalPERS private equity manager steps down
Leon Shahinian stepped down as head of the private equity portfolio at CalPERS amid a fraud lawsuit.
Permira joins race for BHF Bank
Permira has reportedly joined the race to bid for BHF Bank, which is being sold by Deutsche Bank for about €600m.
Candover, Cinven, Permira exit Gala Coral
Candover, Cinven and Permira have reportedly exited Gala Coral, following a restructuring deal that sees them collectively lose most of their £1.2bn original investment - with mezzanine investors taking control of the company.
Chemicals: Is private equity getting the mix right?
While the alchemists of old never succeeded in turning lead into gold, private equity investors are seeing opportunities to profit from the chemicals sector. With a swathe of recent activity in the industry, including a major exit, chemicals companies...
Apollo supports LyondellBasell restructuring
Apollo Management has backed the debt restructuring of chemical giant LyondellBasell allowing the company to emerge from the bankruptcy declared in January 2009.
Carlyle buys Stanfield's $4.2bn CLOs
Carlyle has announced plans to purchase $4.2bn worth of collateralised loan obligations (CLO) from Stanfield Capital Partners, as part of a $5.1 credit portfolio purchase.
From recession to concession
With 2009 going down as one of the worst private equity years in history, investors looked on to 2010 knowing things could only get better – and so they have.
Ziggo issues bonds to repay debts
Ziggo, the Dutch cable television operator owned by private equity investors Warburg Pincus and Cinven, plans to sell €1.2bn of high-yield bonds to finance the repayment of existing debts.
Fees: GPs surrender to LPs
After years of GPs and LPs operating under a standard relationship model, asset managers are beginning to balk under the LP pressure for increased transparency and fee reductions as institutional investors become more aggressive in cutting costs. Gail...
CLO market thaws
The primary collateralised loan obligation (CLO) market seems to be spluttering back to life, following significant activity in recent weeks. But questions still remain as to whether the economics are in place to support a full-blown recovery. Gail Mwamba...
Apollo to offer $50m worth of shares in IPO
Apollo Management is considering offering up to $50m worth of shares in an IPO on the New York Stock Exchange, according to a regulatory filing revealed yesterday.
Permira, Candover, Cinven lose control of Gala Coral
Gala Coral's fate is understood to have finally been sealed after its lenders have agreed to a long-awaited restructuring deal that will see Gala's mezzanine creditors take complete control of the business from private equity owners Permira, Candover...