|Bid||30.20 x 1300|
|Ask||0.00 x 2200|
|Day's Range||31.21 - 31.87|
|52 Week Range||28.00 - 37.35|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||17.70|
|Earnings Date||Oct 31, 2018|
|Forward Dividend & Yield||1.86 (5.99%)|
|1y Target Est||40.09|
(Bloomberg) -- Nearly a decade ago, Imran Siddiqui helped engineer a shrewd maneuver for buyout mogul Leon Black’s Apollo Global Management LLC, one that’s yielded many millions for the firm.
RenaissanceRe Holdings Ltd. is now a minority shareholder, along with Catalina’s management. The transaction gives Catalina Chief Executive Officer Chris Fagan and his team more money to pursue deals. The company has snapped up German legacy medical malpractice liabilities from Zurich Insurance Group AG and pursued a deal with Arch Reinsurance Ltd.
Good day! Like Céline Dion, private equity’s heart will go on. A consortium of investment firms, including Apollo Global Management LLC, is taking ownership of thousands of Titanic artifacts. Also, Generation Investment Management LLP is teaming up with one of Canada’s biggest pension funds to invest at least $3 billion in long-life deals.
General Electric Co. said Monday it is offloading a portfolio of energy investments to Apollo Global Management LLC, as the troubled conglomerate continues to sell off pieces of its business it now views as ancillary. A unit of GE Capital and private-equity firm Apollo didn’t disclose the financial terms of the deal, other than to say the approximately $1 billion portfolio includes equity investments in renewable energy, natural-gas fired power and midstream energy infrastructure assets, mostly in the U.S.
(Reuters) - General Electric Co (GE.N) said on Monday it plans to sell a portfolio of $1 billion (765.5 million pounds) in energy investments to Apollo Global Management LLC (APO.N), as the U.S. conglomerate ...
The portfolio includes about 20 investments in renewable energy and other U.S. power assets held by the energy financial services unit of GE Capital, the companies said Monday in a joint statement. The Boston-based company, which tapped Larry Culp last week to replace Chief Executive Officer John Flannery, hopes reducing complexity will help it recover from a slump that has wiped out about $100 billion in investor wealth over the past year. For Apollo, the agreement reflects growing interest in energy investment by private-equity giants, including Blackstone Group and Carlyle Group.
** The European Commission approved without any conditions the acquisition of Swedish Com Hem telecoms services provider by rival Tele2. ** AlixPartners, the interim manager of Abraaj's $1 billion healthcare fund, has decided to redistribute the troubled private equity firm's stake in the fund to its other investors, sources familiar with the matter said.
Funds managed by Apollo Global Management LLC have agreed to acquire a portfolio of equity investments worth about $1 billion from GE Capital's energy financial services unit. No terms were disclosed, but the portfolio comprises about 20 investments in renewable energy, contract natural gas fired generation and midstream energy infrastructure assets, mostly in the U.S., Apollo said in a statement. The deal is expected to close in the fourth quarter and may be followed by further deals between the parties. Ge shares rose 2.8% premarket on the news, but are down 24.5% in 2018, while the S&P 500 has gained 8%.
Funds managed by affiliates of Apollo Global Management, LLC and GE Capital today announced they have entered into a definitive agreement for the Apollo Funds to acquire an approximately $1 billion portfolio, including assumed obligations, of predominantly equity investments in energy assets from GE Capital’s Energy Financial Services unit.
TEANECK, N.J., Oct. 8, 2018 /PRNewswire/ -- Cognizant (CTSH) today announced it has been named "2018 Systems Integrator of the Year for Application Scale" by Pivotal Software, Inc. (PVTL), a leading cloud-native platform provider for building enterprise software. The award, presented at Pivotal's SpringOne Platform conference, recognizes Cognizant for its at-scale enterprise application transformation expertise, and investment in training digital engineers on Pivotal Cloud Foundry® for developing software used by clients in industries such as banking, insurance, healthcare and telecommunications. "I am delighted to announce that Cognizant has received the Systems Integrator Partner of the Year for Application Scale award," said Nick Cayou, Vice President of Global Ecosystem, Pivotal Software.
Such alliances, referred to as "club deals" in the private equity industry, lost much of their allure following the 2008 financial crisis, as some high-profile leveraged buyouts either ended up in bankruptcy or underperformed financially. Some of them even had to fork out hundreds of millions of dollars to settle lawsuits accusing them of conspiring to drive down acquisition prices during the leveraged buyout boom leading up to the crisis.
(Adds Casino, Thyssenkrupp, Virtu Financial, Cellnex, Intu Properties, Endemol, Metro, Gefco) Oct 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ...
Ambassador specializes in referral marketing, in which a business rewards customers for helping to promote the products or services it offers. West products and services are used by most of the Fortune 500, and the company is owned by Apollo Global Management LLC (NYSE: APO), the world's largest private equity fund, Ambassador founder and CEO Jeff Epstein said in a Wednesday blog post. Thinking back, it makes sense," Epstein said.
West Corporation (“West” or the “Company”), a global leader in technology-enabled services, announced today it has acquired ZFERRAL, d.b.a. Ambassador empowers organizations to increase customers, referrals, and revenue by leveraging the power of word-of-mouth. Its marketer-friendly software simplifies referral marketing, automating the process of enrolling, tracking, rewarding and managing customers, affiliates, influencers, and partners.
The funds will be used to recruit three Rowan Distinguished Professors, appoint Rowan Fellows and support the Penn Wharton Budget Model, which analyzes government spending and revenue. The gift surpasses the $40 million given by Jon Huntsman Sr. and family in 1998. “Inspiring Wharton faculty who were committed to cutting-edge business education were catalysts for my success,” Rowan said in a statement Tuesday.
LLC, Monday skipped a $6 million interest payment to bondholders amid talks about a debt restructuring. A 30-day grace period gives the company more time to avoid a debt default as it continues restructuring talks with a group of bondholders. The recent downturn in natural-gas prices has put strains on the company’s cash flows, which have been negative since 2017, according to Moody’s Investors Service.
Good day and welcome to the Private Equity Pro newsletter. Charles Cherington of Ara Partners Group explains why he gets greater financial reward, and personal satisfaction, from smaller transactions.
West Corporation (“West” or the “Company”), a global leader in technology-enabled services, announced today it has completed the previously announced acquisition of INXPO, Inc. (“INXPO”), a provider of feature-rich webcasting and online events for the enterprise. INXPO specializes in delivering interactive webcasts and online events to global audiences of any size to any device. “Combining INXPO with West has created the largest global streaming and webcast provider, delivering over 40,000 webcasts annually,” said John Shlonsky, Chief Executive Officer and President of West Corporation.
Four top executives at LifePoint stand to get $120 million in golden parachute payments after its deal with Apollo Global Management closes. More than half of that money would go to its CEO, Bill Carpenter III, who announced this week he will retire once it's complete. U.S. health-care companies have been criticized for paying their executives sky-high salaries and other benefits.
LLC has recruited bond-management veteran Brigitte Posch as global head of emerging-markets debt, a spokesperson for the U.S. firm confirmed. Ms. Posch has joined from investment firm Barings PLC, where she worked as global head of emerging markets corporates, according to a copy of her biography. Prior to that, she worked as a portfolio manager at Pacific Investment Management Co. Before Pimco, Ms. Posch worked as managing director and head of Latin America securitization and trading at Deutsche Bank AG.
Moody's Investors Service ("Moody's") downgraded the corporate family rating of Pinnacle Operating Corporation to Caa2 from Caa1 and the probability of default rating to Caa2-PD from Caa1-PD. The downgrade reflects weaker-than-expected performance due to ongoing challenging agricultural market environment which Moody's expects to continue into 2019, the company's heightened leverage and concerns over its capital structure.
NEW YORK, Sept. 26, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
West Corporation (“West” or the “Company”), a global leader in technology-enabled services, presents “Telling Y/Our Story,” its first client summit and two-day event to educate, inspire, and facilitate idea sharing among clients, partners and colleagues. Guests will have the opportunity to discuss trends in public relations, content marketing, and investor communications, while collaborating with peers and learning about the latest solutions from West’s Digital Media Solutions group. “Every day, we have the privilege of helping our clients connect with audiences to tell their company stories by sharing their news and broadcasting their corporate events,” said Ben Chodor, president, Digital Media Solutions.
Individuals can only invest in public companies that trade on stock exchanges, publish financial statements every three months, and are generally subject to a fairly strict regime of regulation and vetting. If you are moderately affluent—if you have a net worth of more than $1 million not counting your house, or an annual income of more than $200,000 a year—then you qualify as an “accredited investor” and can invest in private placements that are not subject to the disclosure and auditing requirements of the public markets. Here is a Wall Street Journal article about how only 1.5 million households were accredited investors when the rules were put in place in 1982, but now 16 million are.