Tag:
Leon Black
Latest Headlines
Latest Headlines
Leon Black faces off against detractors
Apollo Global Management head Leon Black, a famous alum of Drexel Burnham, is considered a whiz with bonds ( bond market news). His success is a matter of record. Recently, however, success meant having to play hardball with bondholders of his portfolio firms, taking advantage of various covena
Apollo aims to trade publically
Many have been predicting that more private equity firms would seek to trade publically on the open market, hoping for a better experience than the Blackstone Group ( Blackstone Group news). Recall it managed to go public to a lot of hoopla at the top of the market, only to suffer an extended d
Leon Black: Back in the buyout game
Leon Black, the one-time head of mergers at Drexel, Burnham, Lambert, is one of many private equity players that has morphed into something of a distressed securities player--a predictable move given the end of the traditional financial sponsor game. The New York Post weighs in with an article
What's next for Leon Black?
The private equity industry has been taking some hits for a year now, and none more so than Leon Black, the head of Apollo Group, which has seen deal after deal start to unravel. We've noted the problems with certain portfolio companies, notably Huntsman, Linens 'n Things, and of course Harrah's a
Deal gone bad: Huntsman's big bet tanks
Seems like there's a story to every deal that has gone bad in this credit crunch, with most ending in anger and a flurry of suits. About a year ago, Hexion, a company controlled by private equity giant Apollo, agreed to buy Huntsman for $10.6 billion, or $28 a share. It was an all-cash bid to be f
Another busted private equity deal
Jon Huntsman, founder of chemical company Huntsman, is vowing to make Leon Black, of private equity firm Apollo, pay for backing out of a deal to buy Huntsman for $6.5 billion. Some thought the leveraged financing environment had improved. This suggests otherwise. Article
(Apollo Manage
Apollo Group to go public
You would have thought, in part because of the performance of the Blackstone Group in the aftermarket, that private equity firms that wanted to go public had given up on the idea. But the Apollo Group, run by Leon Black, remains bent on listing itself on the NYSE. It has filed for an IPO, aiming
Rumor: Leon Black to take Apollo public
There has been a lot of speculation about the next alternative investment player to follow the Blackstone Group to the public markets . The New York Post reports that Apollo Management has been working with JPMorgan and Goldman Sachs for several months to finalize plans for an initial publi
