Last $27.41 USD
Change Today +0.05 / 0.18%
Volume 156.6K
APO On Other Exchanges
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New York
As of 12:23 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

apollo global management - a (APO) Key Developments

Grand Canal Reportedly Attracts Huge Interest

Grand Canal Theatre Company Limited has received offers from a slew of private equity houses, high net worth individuals and entertainment corporations. Live Nation Entertainment, Inc. is believed to be the front-runner. A number of high net worth investors including Denis O'Brien have also expressed a tentative interest some weeks back. The Ambassador Theatre Group Limited is also understood to be lining up a significant bid and has also instructed executives to fly to Dublin to progress its interest. Apollo Global Management, LLC (NYSE:APO) and The Blackstone Group L.P. (NYSE:BX) are also understood to have sought information on the theatre. Kennedy-Wilson Holdings, Inc. (NYSE:KW) and Brehon Capital Partners are also interested. Grand Canal was put up by Grant Thornton and the guide price for the venue is €20 million, however, the heavy interest is expected to drive this price higher.

Aareal Bank And Berlin Hyp Immobilien Reportedly Eye Westdeutsche

Aareal Bank AG (XTRA:ARL) and Berlin Hyp Immobilien are eyeing acquisition of Westdeutsche ImmobilienBank AG (‘Westimmo’), which is being sold by Erste Abwicklungsanstalt (‘EAA’), Reuters reported, quoting people in the know. The sale process is run by JPMorgan Chase & Co (NYSE:JPM) which stated that Westdeutsche had garnered a dozen expressions of interest, Reuters said. The vendor wants to complete the move by year-end 2014, it added. One of the sources told the Reuters that EAA had picked several suitors, with bids due by an August deadline. Another person said that some of the competitors for Westimmo were offering a price of over €300 million. According to the insiders, buyout firms such as The Blackstone Group L.P. (NYSE:BX), Kohlberg Kravis Roberts & Co. (NYSE:KKR) and Apollo Global Management, LLC (NYSE:APO) had expressed interest in Westimmo by late May 2014.

Lafarge Tarmac Is Up For Sale

A queue of bidder expected for Lafarge Tarmac Holdings Ltd. At the same time Anglo American plc (LSE:AAL)has agreed to sell its 50% stake in the jointly owned Lafarge Tarmac to the French company for at least £885 million. Breedon Aggregates Limited (AIM:BREE) and CRH plc (LSE:CRH) are the potential bidders for Lafarge Tarmac. But a consortium of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Cinven Limited and a Canadian pension fund already running its slide rule over Holcim Lafarge assets. Other potential bidders are Apollo Global Management, LLC (NYSE:APO), The Carlyle Group LP (NasdaqGS:CG), TPG Capital, L.P., BC Partners, CVC Capital Partners Ltd. and Kohlberg Kravis Roberts & Co. (NYSE:KKR).

Telekom Slovenije Reportedly Interests Strategic And Financial Investors

The race for 72.75% stake in Telekom Slovenije d.d. (LJSE:TLSG) is gearing up. Apollo Global Management, LLC (NYSE:APO), Turkcell Iletisim Hizmetleri AS (IBSE:TCELL), Deutsche Telekom AG (DB:DTE), Mobile Telesystems OJSC (NYSE:MBT), Providence Equity Partners, LLC, Bain Capital, LLC, Cinven Limited, CVC Capital Partners Limited, Apax Partners, LLP and PPF Group N.V. are the potential suitors, according to The Slovenia Times. According to Finance, ApaxPartners, LLP, Bain Capital, LLC and Providence Equity Partners, LLC have submitted the highest bids, between €150 and €160 per share. Deutsche Telekom AG has reportedly offered around €140.

Blackstone, Cinven, CPPIB And Others Reportedly Plan To Bid For Assets Of Lafarge And Holcim

The Blackstone Group L.P. (NYSE:BX), Cinven and Canada Pension Plan Investment Board (CPPIB) are exploring a joint bid for €5 billion worth of assets earmarked for sale by Lafarge S.A. (ENXTPA:LG) and Holcim Ltd. (SWX:HOLN), reported Financial Times citing two people familiar with the talks. Others weighing distinct or joint offers include Apollo Global Management, LLC (NYSE:APO), The Carlyle Group LP (NasdaqGS:CG), CVC Capital Partners Limited, Kohlberg Kravis Roberts & Co. (NYSE:KKR), BC Partners and TPG Capital, L.P. Competing cement makers are also expected to evaluate offers for some of the assets. People with the knowledge of the plan said that Lafarge and Holcim are looking to start a competitive sale of those assets as soon as July 2014. Credit Suisse, HSBC, Morgan Stanley and BNP Paribas are managing the auction. Zaoui & Co and Rothschild are advising Lafarge and Goldman Sachs is advising Holcim on the merger. First round bids are expected to be due in September, one person added. Blackstone, Cinven and CPPIB all declined to comment.

 

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Price/Earnings 9.9x
Price/Sales 1.4x
Price/Book 1.6x
Price/Cash Flow 7.6x
TEV/Sales NM Not Meaningful
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