Apollo Global Management
ICICI Venture circles Videocon Industries unit
ICICI Venture, the private equity arm of India’s ICICI Bank, has expressed an interest in buying Videocon Industries’ direct-to-home (DTH) broadcast services unit, D2H.
From buyouts to asset managers
Emerging Asia is a key consideration as the global buyout firms diversify their product offerings to meet the needs of a changing market
Blackstone targets $3b global energy fund
The Blackstone Group aims to raise up to $3 billion for its first energy fund, according to people familiar with the situation. Tony James, the private equity firm’s president, said in an earnings call that initial commitments stand at $1 billion.
Samsung C&T confirms talks with Apollo over Parallel Petroleum
Samsung C&T Corp. confirmed Thursday that it is in talks to buy US oil company Parallel Petroleum from Apollo Global Management. In a statement to the South Korean Stock Exchange, Samsung C&T noted that the parties have yet to reach a definitive agreement.
India’s alternative lenders
Non-banking finance companies are becoming increasingly significant in India’s financial sector. Foreign private equity firms are keen to get involved, but how does this fit into their wider strategies?
CIC, KIC chairmen named to high-profile RDIF advisory board
The chairman of China Investment Corp. (CIC), Lou Jiwei, has been named to the international advisory board of the Russia Direct Investment Fund (RDIF). Choi Chong Suk, chairman of Korea Investment Corp. (KIC), will also serve on the board alongside Bader...
Carlyle files for IPO but listing not expected until 1H 2012
The Carlyle Group made its IPO filing on Tuesday but volatility in the global markets means the offering is unlikely to happen until the first half of 2012.
Apollo plans India launch
Newly listed private equity major Apollo Global Management is set to enter India, and may earmark up to $1 billion for the market
Apollo may exit Parallel Petroleum to Korea’s Samsung C&T
Apollo Global Management could be on course to exit Parallel Petroleum after South Korean trading firm Samsung C&T said it was interested in purchasing the US asset. The deal is slated to be worth about KRW1 trillion ($919.6 million), Reuters reported,...
Market volatility hits US-listed buyout firms
Publicly traded buyout firms have seen their share prices fall 19-27% so far in August, compared to a 9.5% drop in the Dow Jones Industrial Average. As the market troubles escalated yesterday, with the Dow retreating 3.7%, Blackstone Group, KKR, Apollo...
Apollo’s PE business drives up second-quarter earnings
A strong performance from Apollo Global Management’s private equity business saw second-quarter earnings reach $139.6 million, or US$0.31 per share, on the back of revenue jumped to $308.9 million from $79.3 million. According to US GAAP, Apollo posted...
Apollo eyes $100m investment in Indian delivery firm
Apollo Global Management is reportedly considering a $100 million investment in Indian shipping firm Gati Group for a significant minority stake.
Collins rescues Angus & Robertson
Book, Entertainment and Stationary vender REDGroup Retail is a blot on Australia’s private equity landscape. With Collins Booksellers agreeing to buy a number of its bankrupt rival’s Angus & Robertson (A&R) franchises, perhaps the blot can finally...
Apollo, ICICI Venture to launch non-banking finance company in India
Apollo Global Management and ICICI Venture are planning to launch a joint venture non-banking finance company (NBFC) in India to tap the country’s growing financial services sector, The Economic Times reported, citing people familiar with the plans.
Apollo to invest $500 million in Welspun and its subsidiaries
Apollo Global Management is to invest up to INR2,250 crore ($502.9 million) in India-based pipe manufacturer Welspun Corp. (WCL). It is one of the largest private equity transactions in India this year and the largest that Apollo has made in the market...