Edition:
United States

Chibuike Oguh

Apollo seeks to tame investor concerns over CEO's ties to Epstein

Oct 21 2020

Apollo Global Management Inc said on Wednesday it would launch an independent review of Chief Executive Leon Black's ties with late financier and convicted sex offender Jeffrey Epstein, as some of the private equity firm's investors issued statements for the first time expressing concerns.

Analysis: U.S. investment bankers' new pitch - Biden's tax hike

Oct 21 2020

Investment bankers keen to win lucrative assignments have a new pitch for U.S. corporate owners: hire us to sell your company now or pay at least twice as much in taxes if Democratic presidential candidate Joe Biden has his way.

Fledgling private equity firms falter as virus curbs in-person wooing

Oct 13 2020

NEW YORK Private equity fund investors have been favoring established buyout firms over first-time managers in recent months, as the challenges of carrying out due diligence remotely during the COVID-19 pandemic reduce their appetite for risk.

Apollo CEO Black says he regrets ties to Epstein, denies any wrongdoing

Oct 12 2020

Apollo Global Management Inc Chief Executive Leon Black told the buyout firm's investors on Monday that he regretted having had ties to the late financier and convicted sex offender Jeffrey Epstein, but denied any wrongdoing or inappropriate conduct related to his business and social relationship with Epstein.

KKR-backed Academy Sports and Outdoors raises $203 million in IPO - source

Oct 01 2020

Sporting goods retailer Academy Sports and Outdoors Inc sold shares in its initial public offering (IPO) on Thursday at $13 apiece, below its target range, to raise $203 million, according to a person familiar with the matter.

UPDATE 1-KKR-backed Academy Sports and Outdoors raises $203 million in IPO - source

Oct 01 2020

Oct 1 Sporting goods retailer Academy Sports and Outdoors Inc sold shares in its initial public offering (IPO) on Thursday at $13 apiece, below its target range, to raise $203 million, according to a person familiar with the matter.

Investors at CNBC conference anticipate more market volatility but see opportunities

Sep 30 2020

NEW YORK Investors including Steven Schwarzman, Mary Callahan Erdoes and Barry Sternlicht are bracing for more market volatility as the U.S presidential vote nears but see opportunities to make money in commercial real estate and financial companies.

Carlyle leads $175 million investment round in healthcare firm Grand Rounds

Sep 09 2020

Carlyle Group Inc said on Wednesday that it led a group of investors making a $175 million investment in Grand Rounds Inc, a digital healthcare company.

Blackstone's Schwarzman emerges as Wall Street's top political donor

Sep 09 2020

NEW YORK Blackstone Group Inc Chief Executive Stephen Schwarzman has spent more than $27 million so far this year backing U.S. politicians, including President Donald Trump, making him Wall Street's largest campaign contributor, according to a Reuters review of regulatory filings.

Distressed funds eye European companies as virus support schemes ease

Aug 28 2020

LONDON/NEW YORK Funds which buy debt companies are no longer able to repay are getting ready to deploy their large cash piles in Europe, betting the easing of widespread government economic support schemes will lead to a pick-up in corporate restructurings.

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