Posts tagged: Apollo

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:..

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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...

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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:..

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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:..

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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...

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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:..

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Betaville Intelligence

UNCOOKED ALERT: John Wood Group said to ... - Part 2

Thursday, 23 February 2023, 9:53 am

Apologies for the tardy follow up Betavillers.

Little old Betaville was out early evening with some old chums that I used to work with at The Daily Telegraph, soI'm only just catching up with the confirmation to yesterday's UNCOOKED alert about John Wood Group, the FTSE 250-listed oil engineering and consulting business. Below is the link in case you missed it:..

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Apollo eyes $10 billion Millicom takeover, reveals the Financial Times

Wednesday, 25 January 2023, 4:52 pm

It's been a while since Apollo has been touted to as a potential acquirer in a large leveraged buy-out but hacks at the venerable Financial Times have done well to discover the firm is looking at purchasing Millicom, the Latin American telecoms operator.

According to the FT, Apollo has teamed up with Marcelo Claure, the former SoftBank executive, to explore a bid for the company that could value it around $10 billion, including debt...

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