Key Developments: Apollo Global Management LLC (APO.N)

APO.N on New York Stock Exchange

22.20USD
29 May 2015
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Latest Key Developments (Source: Significant Developments)

Fund Affiliated with Apollo Global Management, LLC completes acquisition of IvanhoƩ Cambridge's European Hotel Portfolio
Thursday, 1 May 2014 02:00am EDT 

Apollo European Principal Finance Fund II:A fund affiliated with Apollo Global Management, LLC announced the completion of the acquisition of a portfolio of 18 European hotels from IvanhoĆ© Cambridge.Terms of the transaction were not disclosed.  Full Article

Classic Party Rentals announces acquisition by Apollo Global Management LLC
Tuesday, 22 Apr 2014 12:44pm EDT 

Classic Party Rentals:Announces funds managed by Apollo Global Management, LLC submitted the winning offer to acquire substantially all of the business of Event Rentals, Inc. and its subsidiaries, d/b/a Classic Party Rentals at auction.Classic Party Rentals is advised in this transaction by Jefferies LLC, FTI Consulting, and White & Case LLP.  Full Article

Apollo Global Management President Marc Spilker to step down-Form 8-K
Friday, 21 Mar 2014 12:00am EDT 

Apollo Global Management, LLC:Announced that Marc Spilker will be stepping down as president of the company.  Full Article

Apollo Global Management LLC declares fourth quarter 2013 cash distribution
Friday, 7 Feb 2014 07:00am EST 

Apollo Global Management LLC:Says it has declared a fourth quarter 2013 cash distribution of $1.08 per Class A share, which comprises a regular quarterly distribution of $0.15 per Class A share and a distribution of $0.93 per Class A share attributable to additional carried interest earned by its funds.Distribution will be paid on Feb. 26 to holders of record at the close of business on Feb. 19.  Full Article

Apollo Global Management LLC and Double Eagle Energy announce expansion of strategic partnership to invest in oil & gas assets
Tuesday, 28 Jan 2014 04:15pm EST 

Apollo Global Management LLC:Says the company and Double Eagle Energy Holdings LLC have expanded their strategic partnership to invest in oil and gas properties.  Full Article

Lloyds Banking Group PLC sells portfolio of Irish retail mortgages to Apollo Global Management LLC's Tanager Limited
Friday, 6 Dec 2013 02:00am EST 

Lloyds Banking Group PLC:Says it has agreed the sale of a portfolio of non-performing Irish retail mortgages to Tanager Limited, an entity affiliated with Apollo Global Management LLC for a cash consideration of 257 million pounds.Says the gross assets subject to the transaction are 610 million pounds.Says the portfolio generated losses of 33 million pounds in the year to Dec. 31, 2012.Says the sale proceeds will be used for general corporate purposes.Says the transaction is expected to complete in the first half of 2014.  Full Article

Banco Santander SA Signs Agreement in Principle to Sell its Real Estate Platform Altamira to Apollo Global Management LLC
Thursday, 21 Nov 2013 07:53am EST 

Banco Santander SA announced that it has signed an agreement in principle with Apollo European Principal Finance Fund II, a fund managed by subsidiaries of Apollo Global Management LLC (Apollo), to sell to Apollo the platform that handles loan recoveries for Banco Santander SA in Spain and manages and markets real estate assets related to this activity. The real estate assets and credit portfolio will remain on Banco Santander's balance sheet. Both will continue to be managed by the platform, but the platform will be owned by Apollo. The agreement in principle is the result of a bidding process, during which a number of investors expressed an interest in the platform.  Full Article

Roark Capital Group To Acquire Majority Stake In CKE Inc From Apollo Global Management LLC
Tuesday, 19 Nov 2013 05:49pm EST 

CKE Inc announced that an affiliate of Roark Capital Group has entered into a definitive agreement to acquire a majority stake in CKE with senior management retaining a minority stake. CKE is currently majority-owned and controlled by investment funds affiliated with Apollo Global Management LLC (together with its consolidated subsidiaries, Apollo). Terms of the transaction were not disclosed. The transaction is expected to close in the fourth quarter of 2013, subject to regulatory approvals and other customary closing conditions.  Full Article

Apollo Global Management LLC's Entity Acquire Midcap Financial, LLC
Monday, 18 Nov 2013 08:02am EST 

Apollo Global Management LLC announced that Midcap Financial, LLC has been acquired by an entity managed by the Company (together with its consolidated subsidiaries, Apollo). Under its new ownership, MidCap will continue to provide capital to all sectors of the healthcare middle market, and will also expand its access to capital and product offerings through its partnership with Apollo. Terms of the transaction were not disclosed. Bank of America Merrill Lynch, SunTrust Robinson Humphrey, and Moelis & Company advised MidCap, and the law firm, GreenbergTraurig, represented MidCap.  Full Article

Pitney Bowes Inc Completes Sale Of its Management Services Business To Apollo Global Management LLC Funds For $400 Million
Tuesday, 1 Oct 2013 02:49pm EDT 

Pitney Bowes Inc announced the completion of the sale of Pitney Bowes Management Services for $400 million in cash to funds affiliated with Apollo Global Management, LLC (together with its consolidated subsidiaries, Apollo). Proceeds from the sale of the business will be used principally to pay down debt. Pitney Bowes Management Services becomes a standalone company which will operate under a new name to be determined by Apollo. The sale of the Pitney Bowes Management Services business to funds affiliated with Apollo, which was announced July 30, 2013, allows Pitney Bowes to focus attention and resources on developing and delivering the highest value technology, innovative software and differentiated services in high value segments of the market, where the Company has distinctive advantage.  Full Article

Deals of the day- Mergers and acquisitions

May 11 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

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