|Bid||31.00 x 900|
|Ask||36.69 x 4000|
|Day's range||35.80 - 36.21|
|52-week range||26.86 - 37.35|
|PE ratio (TTM)||18.06|
|Earnings date||2 Aug 2018|
|Forward dividend & yield||1.95 (5.53%)|
|1y target est||39.04|
Some of the largest private equity firms are charging customers more even as price cuts hit almost every other corner of the asset-management industry. TPG and Hellman & Friedman are increasing management fees on new -- and bigger -- funds they’re seeking to raise, according to investor documents viewed by Bloomberg News. The moves follow similar ones made by rivals Apollo Global Management LLC and Blackstone Group LP in recent years, when they started gathering money for their flagship buyout pools.
The metals manufacturer is reportedly attracting interest from Apollo Global Management despite a potential rise in aluminum costs.
Aerospace-parts maker Arconic Inc. is the subject of takeover interest from private-equity firms, according to people familiar with the matter. The company has received expressions of interest from buyout firms including Apollo Global Management LLC, the people said. A takeover of Arconic would be a relatively big deal, especially for private equity.
Apollo Global Management and its Chief Executive Leon Black are being sued by Caldera Holdings, a venture founded by Imran Siddiqui, a former managing director at the buyout firm, a court filing on Thursday ...
The approach comes a year after Nexstar's $2.3 billion acquisition of peer Media General Inc turned it into one of the largest U.S. broadcasters. Nexstar wants to add scale as advertisers move their spending to digital and mobile platforms. Apollo has teamed up with P2 Capital Partners LLC, another investment firm that already owns a small stake in Nexstar, the sources said this week.
Apollo Global Management and Bain Capital are among funds that submitted non-binding offers for Banco Santander SA’s 650 million-euro ($762 million) portfolio of Portuguese bad loans, according to people familiar with the matter. Arrow Global Group Plc together with CarVal Investors, and Cerberus Capital Management also bid, the people said, asking not to be identified because they’re not authorized to talk about it. The portfolio mostly comprises debt from Banco Popular Espanol SA, other people familiar with the matter said last month.
Apollo Global Management, LLC (APO) (together with its consolidated subsidiaries, “Apollo”) announced today that it plans to release its financial results for the second quarter 2018 on Thursday, August 2, 2018, before the opening of trading on the New York Stock Exchange. Management will host a conference call to review Apollo’s financial results on the same day at 10:00 a.m. ET. The conference call may be accessed by dialing (888) 868-4188 (U.S. domestic) or +1 (615) 800-6914 (international), and providing conference call ID 3856598 when prompted by the operator.
The Add-On Deal Roundup: June 29 West Corp., a technology-enabled services company backed by Apollo Global Management LLC, agreed to acquire Seattle-based Flowroute Inc., a provider of communication services and technology for cloud-based products.
An investor group led by funds managed by affiliates of Apollo Global Management, LLC (“Apollo”) (APO) and Värde Partners, Inc. (“Värde”) completed the previously announced acquisition of an approximately 40.5% equity interest in OneMain Holdings, Inc. (“OneMain”) (OMF) from investment funds managed by an affiliate of Fortress Investment Group LLC for $26.00 per share. Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management of approximately $247 billion as of March 31, 2018 in credit, private equity, and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources.
Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. Over the past 7 years, Apollo Global Management LLC (NYSE:APO)Read More...
The British-based retail group behind jewellers Goldsmiths and Watches of Switzerland has picked two banks to spearhead a stock market listing. Sky News has learnt that Aurum Holdings has appointed Goldman Sachs (NYSE: GS-PB - news) and Barclays (LSE: BARC.L - news) to help add sparkle to a public listing that is likely to take place in London sometime next year. The plans, which are being led by Aurum (Other OTC: AURM - news) 's owner, Apollo Global Management, are at an early stage, and could prompt fresh expressions of interest in acquiring the company more than six months after a previous round of talks was terminated.
Apollo Global Management LLC is the mystery buyer that’s under contract to purchase a $428 million portfolio from HCP Inc., according to a person with knowledge of the matter. The New York firm is buying 22 properties managed by Brookdale Senior Living Inc., said the person, who asked not to be identified because the matter is confidential. HCP said on June 5 that it was under contract to sell the portfolio, which comprises for 2,781 units, to a third party without revealing its identity.
The sale of artifacts from the Titanic through a bankruptcy-run auction has taken a new route after several on-again, off-again sale efforts. Inc., the bankrupt company that owns thousands of artifacts from the doomed ocean liner, has made a $17.5 million offer to acquire the company, according to court papers filed last week. LLC and Alta Fundamental Advisers LLC and other equity holders and secured lenders are among the group that would take ownership of Premier, court papers show.
Of the 15 analysts covering Apollo Global Management (APO) in June, five have recommended “strong buys,” and seven have recommended “buys” on its stock. Apollo Global doesn’t have any “sell” or “strong sell” ratings, but it has three “hold” ratings. Moving forward, Apollo Global is expected to witness fewer “buy” ratings primarily because of the outlook for its Private Equity segment.
A bankruptcy judge Wednesday ordered an expanded sales process for Claire’s Stores Inc., a debt-riddled retailer that creditors believe is already on the comeback trail. ordered Claire’s to open up its sale process “to any and all bids,” with full information about the prospects for growth and profits for the seller of jewelry and accessories to teens and young women. A second major retailer is exploring a concession opportunity with Claire’s, which could power growth and profits, according to evidence at a bankruptcy court hearing Wednesday.
The stock price of ADT (ADT) witnessed falling momentum in the first quarter, which primarily affected the performance of the company’s Private Equity segment. Lower equity markets impact the overall asset management industry as asset managers (XLF) generate lower base fees, which further reduces their revenue.
Apollo Global Management’s (APO) PE ratio is 12.39x on a next-12-month basis, which suggests that its valuation is trading at a premium to the peer average of 9.65x. Apollo Global’s peers have the following PE ratio on a next-12-month basis: The Blackstone Group (BX): 10.55x KKR & Co. (KKR): 9.83x The Carlyle Group (CG): 8.58x
What’s helped the Real Assets segment? At the end of first quarter, Apollo Global Management’s (APO) Real Assets segment had total AUM (assets under management) of $13 billion. Apollo Global’s Real Assets segment is affected by movements in interest rates, as these movements can make real estate prices volatile.
A rise in the interest rate by the Fed could reduce the value of the current credit holdings of alternative asset managers, affecting their businesses and credit divisions.
Apollo Global Management LLC has formed an energy-focused blank-check company to invest in oil and gas pipeline infrastructure in North America, according to people familiar with the matter. The New York-based firm has confidentially registered a special purpose acquisition company, or SPAC, with the U.S. Securities and Exchange Commission, said the people, who asked to not be identified because the matter isn’t public. Apollo has a management team in place for the SPAC, which aims to raise capital this year, the people said.
Apollo Global Management’s (APO) Private Equity segment ended the first quarter with total AUM (assets under management) of $69 billion. In the quarter, the company witnessed some negative effects resulting from the segment’s underperformance.
Jul.03 -- Sachin Khajuria’s Achilles Management LP posted a return of 30 percent in its first year, according to a person with knowledge of the matter. Bloomberg's Jason Kelly has more on "Bloomberg Daybreak: Americas."