| ||||||||||||||||||||||
| ||||||||||||||||||||||
Entries tagged "Apollo Management"Maxim to meet the magazine next door?With Playboy on the auction block and Maxim potentially joining it there, a report suggests a merger might make sense for the likely private equity buyers. Huntsman's LBO back to bite banksHuntsman is suing Credit Suisse and Deutsche Bank for $8 billion for refusing to finance the company's 2007 LBO. Apollo cashes out big in KKR buyoutThe debut of The Daily Deal was also a good day for Leon Black. As we reported that day, his PE firm Apollo Management LP secured about a $200 million profit from the sale of Alliance Imaging Inc., a provider of diagnostic imaging services, to Kohlberg Kravis Roberts & Co. in an $850 million leveraged recapitalization. (Read the complete story in The Deal Pipeline; subscription required).Apollo, which had acquired Alliance in December 1997, merged the company with SMT Health Services Inc. in May 1999.KKR eventually took Alliance public in late July 2001. It was the third IPO for Alliance, and... Apollo raising $500M for commodity hedge fundsHedge funds are getting killed, and commodity prices are way down, but that isn't stopping Apollo Management LP from going where others fear to tread. The New York private equity firm is planning to raise roughly $500 million for private equity and hedge funds trading copper, gold and mining stocks, according to a presentation to investors obtained by Bloomberg. ... Apollo gets burned on Lyondell debt bought from CitigroupMaybe buying all those heavily discounted loans from the banks wasn't such a good deal after all. It appears that Apollo Management LP is the first to get burned on the debt that buyout shops bought (supposedly) on the cheap from Wall Street banks in 2008, as the private equity firm is left holding the bag on $2 billion in debt from now bankrupt Lyondell Chemical Co.... Going out of business: Linens 'n Things throws in the towelNow that you need a bigger mattress to hide your life's savings, maybe it's time to stock up on new sheets. If so, then head over to bankrupt Linens 'n Things Inc. stores for its liquidation sale, which will begin Friday. The Clifton, N.J.-based retailer was forced to liquidate after it failed to find a buyer -- much to the dismay of its private equity owner Apollo Management LP. ... Could Huntsman end up buying Hexion?After Hexion Specialty Chemicals Inc. and its owner, Apollo Management LP, were body slammed on Monday by a Delaware Chancery Court, arbitrageurs and others have been handicapping the possible outcomes. On Thursday, Moody's Investors Service floated an intriguing possibility: Huntsman Corp., the target of the original deal, might end up buying Hexion. ... Judge rules against Apollo, Hexion in Huntsman buyoutApollo Management LP won't be walking away from its $6.5 billion acquisition of Huntsman Corp. just yet. A Delaware judge issued an opinion late Monday saying that a material adverse change had not occurred and ordered Apollo-owned Hexion to honor its obligations for the deal.... Apollo jumps into Reed Business Information auctionApollo Management LP has reportedly thrown itself into the auction for Reed Business Information as the U.S. buyout firm continues to rapidly increase its presence in Europe.... Apax set to sell 10% stake that values firm at $10BApax Partners is reportedly close to selling a 10% in its general partnership to an Asian investor in a deal that would value the firm at around $10 billion as it seeks to expand aggressively in Asia.... Bankruptcy Watch: Is PE-backed Mervyn's the next to file Ch. 11?It looks like the next retailer filing for Chapter 11 could be Mervyn's LLC. The private equity-owned department store may file for bankruptcy in 30 days because some of its vendors have stopped shipments to the company and key lenders have pulled financing, according to a report from The Wall Street Journal. ... SPAC Polaris in $700M deal for Apollo's Hughes TelematicsPolaris Acquisition Corp., a blank-check company, has agreed to an all-stock deal worth nearly $700 million for private equity-backed automotive telematics company Hughes Telematics Inc. The deal affords the Atlanta-based target $140 million in working capital, in addition to $90 million already provided by majority owner Apollo Management LP, according to a statement Monday. Apollo, a New York-based private equity firm, will maintain its stake in the target and has agreed, along with management and other shareholders, to a two-year lock-up agreement. Polaris founders have a one-year lock-up.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Apollo Management." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
 Deal Video
    Community
 Elsewhere on The Deal.comDealwatch
The Deal MagazineCorporate Dealmaker
The Deal VideoCategories
Blog roll
Archives
| ||||||||||||||||||||||
| ||||||||||||||||||||||
