29.25 -0.01 (-0.03%)
After hours: 7:44PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||28.93 - 29.41|
|52 Week Range||25.06 - 37.35|
|PE Ratio (TTM)||9.43|
|Forward Dividend & Yield||2.06 (7.03%)|
|1y Target Est||N/A|
Private-equity firm Apollo Global Management is preparing to take Diamond Resorts public in the coming months, less than two years after acquiring the timeshare company for $2.2 billion.
MADRID/LONDON (Reuters) - The private equity funds of Blackstone (BX.N) and Apollo (APO.N) are the only two bidders left in the sale of Spanish gaming hall operator Cirsa, raising doubts about whether the sale will go ahead, sources familiar with the matter said. The sale process is due to wrap up any day now, but Cirsa, which has also explored the possibility of a market listing, is disappointed with so few bids, two of the sources said. Spokesmen for Apollo and Blackstone and a spokeswoman for Cirsa declined to comment.
In the world of country club business, this new development is somewhat unique.
Several Democratic lawmakers, including Sens. Elizabeth Warren of Massachusetts, Tom Carper of Delaware, and Gary Peters of Michigan and Rep. Elijah Cummings of Maryland sent follow-up letters to Citigroup ...
In 4Q17, Berkshire Hathaway’s (BRK.B) Services segment benefited from consumer spending, which drove revenue growth of 4% on a YoY (year-over-year) basis to $7.1 billion. Its revenue rose on NetJets, electronics, and media, which have traditionally delivered growth for the company over the past few years. In 1Q18, its revenue is expected to be subdued on a sequential basis, but it could see marginal growth of 3%–4% on a YoY basis on NetJets, furniture, and retailing.
April 12 (Reuters) - Britain's FTSE 100 index is seen opening 18 points lower at 7,239 on Thursday, according to financial bookmakers. * SHIRE: Takeda Pharmaceutical Co Ltd has sounded out creditors for ...
Aberdeen-based FirstGroup said late on Wednesday that its board had unanimously rejected a cash proposal from Apollo. The FTSE 250-listed group said it was disclosing Apollo's bid after its shares leapt 7.4 percent to close at 101.8 pence.
The fundraising effort comes as a recovery in energy prices drives private equity firms to raise cash to invest in the oil patch. Fourteen natural resources-focused private equity funds completed fundraising in the first quarter of 2018, raising a combined $13 billion, according to market research firm Preqin. Apollo Chief Executive Leon Black told an industry conference last month that the New York-based firm expected to raise another private equity fund which would invest in natural resources this year, having invested around 80 percent of its predecessor fund, Apollo Natural Resources Partners II.
The Carlyle Group (CG) generates fee revenue from net portfolio advisory, fund management, and net transaction fees. In 4Q17, the company generated total fee revenue of $305.4 million, of which fund management fees contributed $289.8 million (94.8%). During the same period, the company generated total segment revenue of $0.97 billion. In comparison, competitors (XLF) The Blackstone Group (BX), KKR (KKR), and Apollo Global Management (APO) generated revenue of $1.9 billion, $0.40 billion, and $0.86 billion, respectively, in 4Q17.
On March 27, 2018, AkzoNobel announced it would be selling its specialty chemicals business to GIC and The Carlyle Group (CG) for $12.5 billion. The private equity companies are sitting on a substantial amount of cash, raising concerns among market participants and fund investors. From the past few years, these companies have seen substantial fundraising, creating a need for such huge investments. Carlyle raised $43.3 billion in 2017, while Apollo Global Management (APO) saw total inflows of $56.5 billion.
The Carlyle Group’s (CG) Corporate Private Equity segment’s carry funds rose 8% in 4Q17 and 32% in 2017. However, this strong momentum is not expected to continue in 1Q18, mainly due to equity markets’ performance. In 1Q18, private equity players’ (XLF) fundraising activities are expected to be impacted by trade war tensions resulting in equity market fluctuation. However, lower fundraising could also lead to lower fundraising expenses.
The Carlyle Group’s (CG) global credit segment generated fund-level fee revenue of $192.2 million in 2017, representing a YoY (year-over-year) decline. Between 2016 and 2017, the segment’s fund management fees fell to $191.5 million from $195.5 million, and its total performance fees rose to $59.1 million to $37.8 million. However, the segment’s total revenue rose to $282.5 million from $264.2 million.
Ceva Logistics said on Monday it plans an initial public offering in the second quarter, aiming to raise 1.3 billion Swiss francs as it lists its shares on the SIX Swiss Exchange. Netherlands-based Ceva ...
Reality television is a risky bet. That’s the argument Apollo Global Management and 21st Century Fox are making to try to defeat a lawsuit brought on behalf of lenders to Core Entertainment Inc., the producer ...
On March 13, 2018, the Blackstone Group (BX) announced that it is acquiring a minority equity stake in Rockpoint, a private equity giant. The acquisition is being considered a passive investment and means that Blackstone won’t be actively participating in management’s decision-making process. The Carlyle Group (CG) and 22C Capital also made a strategic minority investment in DiscoverOrg.
Apollo Global Management LLC is considering an initial public offering of cloud-computing company Rackspace Hosting Inc., people with knowledge of the matter said.
WASHINGTON—White House attorneys are examining whether two loans totaling more than $500 million to Jared Kushner’s family business may have violated any criminal laws or federal ethics regulations, according to a letter from a federal ethics agency made public Monday. The Office of Government Ethics told a Democratic lawmaker in the letter that the White House is probing whether a $184 million loan from the real-estate arm of Apollo Global Management LLC and a $325 million loan from Citigroup Inc. may have run afoul of the rules and laws governing the conduct of federal employees. Both loans went to the Kushner Cos., the private real-estate company founded by Mr. Kushner’s father and run by members of his family.