|Bid||28.00 x 800|
|Ask||28.55 x 900|
|Day's Range||27.90 - 28.26|
|52 Week Range||27.85 - 37.35|
|Beta (3Y Monthly)||1.87|
|PE Ratio (TTM)||17.52|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||1.93 (6.31%)|
|1y Target Est||38.58|
The downgrade reflects Moody's view that Diamond's leverage will remain above 6.5x for the foreseeable future, a level set as a trigger for downgrade at the time of the LBO by Apollo Global Management in 2016. For the LTM period ended June 30, 2018, Moody's adjusted leverage (including securitized debt) was above 8.0x, and without a material improvement in earnings, leverage will remain at about this level over the next year.
General Electric Co said on Friday its lending arm has sold a $1.5 billion healthcare equipment finance portfolio to U.S. lender TIAA Bank for an undisclosed sum. The sale marks another step in GE's planned $25 billion reduction in GE Capital assets, which were built up as the division financed sales of GE aircraft engines, locomotives, power plants and other products. GE Capital once supplied a large part of GE's profits, but the 2008 financial recession raised funding costs and nearly sank the entire company.
LifePoint Health, Inc. (LPNT) (“LifePoint”) today announced the completion of its merger with RCCH HealthCare Partners (“RCCH”), which is owned by certain funds managed by affiliates of Apollo Global Management, LLC (APO) (together with its consolidated subsidiaries, “Apollo”). As a result of the merger, LifePoint’s common stock is no longer trading on NASDAQ, effective today, and will be delisted. The combined, privately held company will operate under the LifePoint Health name and includes a footprint of regional health systems, physician practices, outpatient centers, and post-acute facilities in more than 85 non-urban communities that span coast to coast.
Within the past decade, 83 percent of private equity managers based in North America, Asia and Europe said they focused on increasing gender diversity in their front-office roles, according to new research from EY. Only half of the hedge funds surveyed said they aimed to add more women across their roles. Private equity firms have come under increasing pressure from investors, who are pushing for more diversity following sexual harassment and gender bias claims that have come to the forefront in almost every industry.
The company, which is being advised by Deutsche Bank AG, could reach a deal soon, they said. The company is owned by an investor group that includes Oaktree Capital Group LLC and TPG, according to a Moody’s Investors Service research note in October. Representatives for Apollo, Deutsche Bank, Oaktree and TPG declined to comment.
Junk bond prices have been falling, but spreads haven’t widened dramatically, a sign that the damage from oil’s collapse is contained for now
Buyout group Cerberus is in exclusive talks with NordLB to take on 2.5 billion euros (2.1 billion pounds) of non-performing shipping loans that the German public sector lender wants to shed ahead of a planned stake sale, sources close to the matter said. The divestment of the portfolio dubbed "Big Ben" is contingent on a deal that NordLB is aiming to strike in early December to shore up its balance sheet and cover writedowns on the value of any loans it sells. NordLB on Monday also received final bids for a second tranche of loans - worth roughly 4 billion euros and dubbed "Tower Bridge" - from Cerberus, private equity firm Lone Star and hedge fund Davidson Kempner, the sources said.
NEW YORK , Nov. 13, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: S&P SmallCap 600 constituent Insperity Inc. (NYSE: NSP) will replace ...
Friday’s bond markets bring new leveraged-buyout paper, a mea culpa, and issuance forecasts. Treasuries rallied as the stock market fell, with yields on the benchmark 10-year note down five basis points to 3.19%.
LONDON/FRANKFURT, Nov 9 (Reuters) - NordLB is trying to shed almost all of its non-performing shipping loans this year, much earlier than publicly indicated, as the German bank steps up efforts to clean up its balance sheet, sources close to the matter said. NordLB had already decided to sell most of its non-performing loan (NPL) shipping portfolio ahead of the stress test of the EU's biggest banks as part of a wider overhaul of its loans to financing companies, real estate, infrastructure and transport, the sources said. Although there are talks with potential buyers for the shipping loans, any deal is conditional on separate negotiations NordLB is holding over the sale of a stake in the bank as it needs fresh capital from this to shore up its balance sheet and cover writedowns on the value of any NPLs it sells.
Johnson Controls International PLC has hit a last-minute snag in its quest to sell its automotive-battery business, according to people familiar with the matter. The company was nearing a deal to sell the unit to Brookfield Asset Management Inc. for close to $14 billion, the people said. Some analysts expected a deal with the private-equity firm to be announced ahead of Johnson Controls’ fiscal fourth-quarter earnings report Thursday morning.
According to a report from the Wall Street Journal, Johnson Controls has invited New York-based equity firm Apollo Global Management LLC back into the buying process for the Power Solutions business, which is based in Glendale. Last week, Bloomberg reported that Johnson Controls was nearing a sale of Power Solutions to Toronto-based equity firm Brookfield Asset Management Inc.
Record Quarterly RevenueStrong Growth in Backlog and Recurring Revenue NEW YORK, Nov. 07, 2018 -- Presidio, Inc. (NASDAQ:PSDO) (together with its subsidiaries, “Presidio” or.
RPC Group PLC said Monday that the U.K. Takeover Panel has extended the deadline for each of Apollo Global Management LLC and to make an offer for the company or walk away until Dec. 3. Bain Capital The supplier of plastic packaging announced on Sept.
NEW YORK, Nov. 06, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Presidio Recognized for Breakthrough IoT Solutions NEW YORK, Nov. 05, 2018 -- Presidio, Inc. (NASDAQ:PSDO) (together with its subsidiaries, “Presidio” or the “Company”), a.
The PE firms, which are considering rival takeover offers, now have until Dec. 3 to make firm offers or walk away, as the company extended the deadline for a second time on Monday. RPC's shares have risen 14 percent since the company said in September it was in talks with Apollo and Bain. RPC, which has spent over $1.5 billion (1.2 billion pounds) on acquisitions in the past two years to June, had earlier identified businesses for sale after months of pressure from investors to raise cash and cut spending.
Good day! Halloween may be over but some of us are still riding the sugar high from all of the leftover candy we ate. I’ve got plenty of energy now for earnings season, which is in full swing. On their latest earnings calls, executives from listed firms Apollo Global Management LLC and Carlyle Group LP said they see signs of clouds gathering over what has been a buoyant exit market, WSJ Pro’s Chris Cumming reports.
Carlyle Group LP and Apollo Global Management LLC both reported lower third-quarter earnings Wednesday as growth in the value of their private-equity portfolios slowed. Carlyle?s net income attributable to common shareholders was $11.6 million, down from $44.6 million in the comparable quarter a year earlier. Carlyle said the value of its private-equity portfolio climbed 1% in the quarter ended Sept. 30, compared with 4% a year earlier.
Private-equity firm Apollo Global Management LLC reported economic net income that fell in the latest quarter from the comparable year-earlier quarter as performance fees declined.
NEW YORK, Oct. 31, 2018 -- Presidio, Inc. (NASDAQ:PSDO) (together with its subsidiaries, “Presidio” or the “Company”), a leading North American IT solutions provider delivering.
Apollo Global Management, LLC (APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the third quarter ended September 30, 2018. Apollo issued a full detailed presentation of its third quarter ended September 30, 2018 results, which can be viewed through the Shareholders section of Apollo’s website at http://www.apollo.com/shareholders. Apollo has declared a cash distribution of $0.46 per Class A share for the third quarter ended September 30, 2018.