Posts tagged: Apollo

Sony and Apollo submit $26 billion bid for Paramount, reveals the WSJ

Thursday, 2 May 2024, 7:19 pm

Hacks at the Wall Street Journal have just landed a decent scoop about the long running Paramount Global sale talks.

According to the WSJ, Sony Pictures and Apollo, the private equity giant, have submitted an all cash $26 billion offer for Paramount, the US-listed media and entertainment conglomerate, just as the its exlusive negotiations with Skydance conclude...


Blackstone preparing £1.2 billion counterbid for Hipgnosis, reveals Sky News

Saturday, 20 April 2024, 10:50 am

Mark "The Kleinmanator" Kleinman of Sky News has just popped up with a decent scoop about how Blackstone is weighing tabling a counter bid for Hipgnosis, the London-listed owner of songs by Blondie, the Red Hot Chili Peppers and the Kaiser Chiefs.

According to Kleiny, Blackstone has already table several offers for the Hipgnosis Songs Fund, including one offer at 82p a share and another at 88p. Below is a link to the Sky News report:..


Apollo pays £506 million for The Restaurant Group

Thursday, 12 October 2023, 7:15 am

Private equity house Apollo has just announced the £506 million takeover of The Restaurant Group, the operator of well known restaurants chains such as Wagamama, and Frankie and Benny's.

The board of The Restaurant Group has recommended a 65p a share in cash offer from Apollo. Below is a link to the press release:..


Apollo and Apax said to be circling Applus Services, reveals Reuters

Friday, 5 May 2023, 8:40 am

Shares in Applus Services, the Spanish industrial testing company, are on a tear this morning thanks to an overnight scoop from Reuters hacks.

Andres Gonzalez and Amy-Jo Crowley of Reuters report that several private equuity firms, includng Apollo and Apax, are considering offers for Applus.

A consortium formed by I Squared and TDR has also signalled potential appetite for a takeover of the EURO 1 billion company, according to Reuters piece...


Apollo in talks to buy Arconic Corporation, reveals the WSJ - Part 2

Thursday, 4 May 2023, 11:44 am

The Wall Street Journal has just trotted out another story about Apollo purchasing US-listed Arconic Corporation.

According to the WSJ, Apollo is "nearing a deal" to buy industrial parts maker Arconic for around $30 a share or $3 billion.

This report comes after the newspaper revealed Apollo was sniffing around Arconic in February this year.

Shares in Arconic have leapt 30pc in the US pre-market.

Below is a link to the WSJ scoop:..


Double glazing tycoon and former Sale Sharks owner builds stake in takeover target THG...

Wednesday, 26 April 2023, 4:46 pm

A certain Brian George Kennedy has disclosed he now owns a 2.8pc shareholding in THG, the London-listed online retailer.

If this the same Brian Kennedy little old Betaville is thinking of then it's the Manchester-based tycoon who built a multi-million pound fortune from selling double glazing and who once owned Premier League winning Sale Sharks rugby club. Below is the link the statement announcement the stake:..


Deals, Deals, Deals ... in a bear market - Part 40

Tuesday, 14 March 2023, 11:51 am

As little old Betaville said earlier this morning, the deals keep on coming despite the market tumoil triggered by the collapse of Silicon Valley Bank.

The latest takeover hitting the tape is the purchase of US-listed chemicals company Univar Solutions for $36.15 a share, around $8.1 billion including debt, by private equity firm Apollo...


Apollo in talks to buy Arconic Corporation, reveals the WSJ

Tuesday, 28 February 2023, 7:21 pm

Hacks at the Wall Street Journal are on a bit of a roll, landing a string of deal scoops in recent days.

The latest is a tale about Apollo, the private equity firm, trying to buy Arconic Corporation, a US-listed parts manufacturer.

Apollo submitted a bid for Arconic in February and has debt financing in place, reports the Wall Street Journal. Below is a link to the WSJ Scoop:..