Apollo commits another $700 mln to Catalina Holdings

Catalina Holdings said Oct. 11 that Apollo Global Management has committed an additional $700 million in equity capital. Apollo, with the deal, has a majority of Catalina while RenaissanceRe Holdings Ltd has a minority. Apollo initially invested in Catalina December 2013. In 2017, Apollo acquired a majority of Catalina, a consolidator in the non-life insurance/reinsurance run-off sector. Perry Shwachman and Fatema Orjela of Sidley Austin advised Apollo. PRESS RELEASE Hamilton, Bermuda – 11 October 2018 – Catalina Holdings (Bermuda) Ltd (“Catalina”) announces that it has closed a US$700 million equity capital raise and concluded its shareholder restructuring following receipt of regulatory approvals.   Following completion of this transaction, affiliates (the “Apollo Funds”) of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO) have become majority shareholders of Catalina, with RenaissanceRe Holdings Limited (“RenaissanceRe”) (NYSE; RNR) becoming a minority shareholder alongside Catalina’s management. As part of the
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Apollo to acquire GE Energy Financial Services equity portfolio

Apollo Global Management has agreed to acquire an approximately $1 billion portfolio of equity investments from GE Capital’s Energy Financial Services unit. The portfolio includes about 20 investments in renewable energy, contracted natural gas fired generation and midstream energy infrastructure assets, mostly in the U.S. No financial terms were disclosed. The deal is expected to close in the fourth quarter of 2018. Bank of America Merrill Lynch and PJT Partners provided financial advice to GE Capital on the transaction while Citigroup Global Markets Inc. served as lead financial adviser to Apollo with RBC Capital Markets and Goldman Sachs also providing financial advice. PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Funds managed by affiliates (the “Apollo Funds”) of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO) and GE Capital (NYSE: GE) today announced they have entered into a definitive agreement for the Apollo Funds to acquire an approximately
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Apollo-backed Spartan Energy Acquisition Corp goes public

Spartan Energy Acquisition Corp, a blank check company focused on the energy industry in North America, has debuted its IPO after pricing its 48 million shares at $10 per share. The stock began trading August 10, 2018 on the New York Stock Exchange under the ticker symbol “SPAQ.U.” Citigroup Global Markets Inc and Credit Suisse Securities (USA) LLC are the lead underwriters. Spartan Energy Acquisition Corp is backed by Apollo Global Management LLC.  PRESS RELEASE Spartan Energy Acquisition Corp. (the “Company”), led by Chairman Gregory Beard and Chief Executive Officer Geoffrey Strong, today announced the pricing of its initial public offering (“IPO”) of 48,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange (“NYSE”) and trade under the ticker symbol “SPAQ.U” beginning August 10, 2018. Each unit consists of one share of the Company’s
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Apollo and Freestone form partnership

Apollo Global Management LLC and Freestone Midstream Holdings LLC have partnered up to invest in water assets serving the oil and gas industry. Apollo has committed $200 million to back the plan. The partnership will focus initially on the Powder River Basin in Wyoming. PRESS RELEASE NEW YORK & DENVER–(BUSINESS WIRE)–Funds managed by Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) and Freestone Midstream Holdings, LLC (“Freestone” or the “Company”) announced today that they have formed a strategic relationship to invest in water assets serving the oil and gas industry, with an initial focus on the Powder River Basin in Wyoming. Freestone will identify and evaluate opportunities to acquire, develop, and operate water midstream and services assets serving upstream oil and gas operators across the full lifecycle of each barrel of water, including freshwater sourcing, transportation, logistics and storage, as well as produced water gathering, disposal
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Apollo-backed RCCH Healthcare to merge with LifePoint

RCCH HealthCare Partners, a portfolio company of Apollo Global Management LLC, has agreed to merge with LifePoint Health Inc in a deal valued at about $5.6 billion. The combined company will be named LifePoint Health. LifePoint, of Brentwood, Tennessee, operates hospitals in around 70 communities across 22 states. PRESS RELEASE BRENTWOOD, Tenn.–(BUSINESS WIRE)– LifePoint Health, Inc. (NASDAQ: LPNT) (“LifePoint”) and RCCH HealthCare Partners (“RCCH”), which is owned by certain funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”), today announced that they have entered into a definitive agreement to merge. Upon closing of the transaction, LifePoint shareholders will receive $65.00 per share in cash for each share of LifePoint common stock they own, resulting in a LifePoint enterprise value of approximately $5.6 billion, including $2.9 billion of net debt and minority interest. The purchase price represents
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Apollo and Värde-led investor group acquire minority stake in OneMain

An investor group led by Apollo Global Management LLC and Värde Partners Inc. has closed its acquisition of an approximate 40.5 percent equity stake in OneMain Holdings Inc for $26.00 per share. The seller was an affiliate of Fortress Investment Group. OneMain is a consumer finance company. PRESS RELEASE NEW YORK & MINNEAPOLIS–(BUSINESS WIRE)–An investor group led by funds managed by affiliates of Apollo Global Management, LLC (“Apollo”) (NYSE:APO) and Värde Partners, Inc. (“Värde”) completed the previously announced acquisition of an approximately 40.5% equity interest in OneMain Holdings, Inc. (“OneMain”) (NYSE:OMF) from investment funds managed by an affiliate of Fortress Investment Group LLC for $26.00 per share. About Apollo
Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management of approximately $247 billion
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Apollo-backed Athora to buy Generali Belgium for 540 mln euro

Athora Holding Ltd, a portfolio company of Apollo Global Management, is buying Generali Belgium SA for about 540 million euro ($668.5 million). Generali Belgium provides insurance solutions to retail and corporate clients through a network of over 1,000 independent brokers. Goldman Sachs International and Mediobanca served as financial advisors and Allen & Overy served as legal counsel to Athora. PRESS RELEASE PEMBROKE, Bermuda–(BUSINESS WIRE)–Athora Holding Ltd. (together with its subsidiaries, “Athora”) announced today that it will acquire Generali Belgium S.A. (“Generali Belgium”), the Belgium-based subsidiary of international insurance group Assicurazioni Generali S.p.A. Cash consideration for the transaction will be approximately €540 million. Generali Belgium is today the 11th largest insurer in Belgium providing a broad set of insurance solutions to retail and corporate clients through a network of over 1,000 independent brokers. The company serves the Belgian market with a comprehensive
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Apollo completes Qdoba acquisition for about $305 mln

Apollo Global Management LLC has closed its previously announced buyout of Qdoba Restaurant Corp from Jack in the Box Inc for about $305 million in cash. Qdoba operates and franchises more than 700 Qdoba Mexican Eats restaurants. Morgan Stanley & Co LLC provided financial advice to Jack in the Box, while Gibson, Dunn & Crutcher LLP served as legal counsel. Apollo was advised by Morgan, Lewis & Bockius LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Deutsche Bank Securities Inc and PJ Solomon. PRESS RELEASE SAN DIEGO–(BUSINESS WIRE)–Jack in the Box Inc. (NASDAQ: JACK) (the “Company”) today announced that it has completed the sale of Qdoba Restaurant Corporation (“Qdoba”) to an affiliate of certain funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO) for approximately $305 million in cash. Qdoba operates and franchises more than 700 QDOBA MEXICAN EATS® restaurants in the
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GTCR completes EagerPicher Technologies acquisition

GTCR has closed its previously announced acquisition of St. Louis, Missouri-based EaglePicher Technologies, a provider of power solutions for customers in the defense, aerospace and medical end markets. The seller was Vectra, a portfolio company of Apollo Global Management LLC. No financial terms were disclosed. Goldman Sachs provided financial advice to Vectra on the deal. PRESS RELEASE ST. LOUIS, March 9, 2018 /PRNewswire/ — Vectra Co. (“Vectra”), a portfolio company owned by certain investment funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) and a leading technology-driven diversified company, announced today that it has completed the sale of its EaglePicher Technologies business to affiliates of GTCR LLC (“GTCR”), a leading private equity firm with over $13 billion in assets under management. EaglePicher Technologies is a leader in providing advanced power and energy solutions for mission-critical applications with over 170 years of materials and electrochemistry expertise. EaglePicher
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Apollo acquires majority stake in Tidewater Logistics

Apollo Global Management LLC has acquired a majority stake in Fort Worth, Texas-based Tidewater Logistics, a provider of specialized logistics and operational services for the frac sand market. No financial terms were disclosed. PRESS RELEASE FORT WORTH, Texas & NEW YORK–(BUSINESS WIRE)–Tidewater Logistics Corporation (“Tidewater Logistics” or the “Company”), today announced the acquisition of a majority interest in the Company by certain funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”). The Tidewater Logistics team, led by its Founder and President Scott Spence, will be joined by Scott Prince as the Company’s newly-appointed Chief Executive Officer. Mr. Prince previously served as CEO of Pilot Thomas Logistics, a leading energy and industrial fuels and lubricants distributor. Tidewater Logistics is a leading provider of frac sand supply chain solutions, delivering procurement, transloading, last mile and wellsite operations services to E&P, Pressure Pumping and
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Apollo Global-backed Northwoods to buy SM Energy’s core Powder River Basin assets

Northwoods Energy, a portfolio company Apollo Global Management, has agreed to to acquire SM Energy’s core Powder River Basin assets. No financial terms were disclosed. Tudor, Pickering, Holt & Co. advised Northwoods with Vinson & Elkins providing legal advice. PRESS RELEASE DENVER & NEW YORK–(BUSINESS WIRE)–Northwoods Energy LLC (“Northwoods” or the “Company”) (formerly known as Converse Energy), a portfolio company of certain funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO) (“Apollo”), today announced it has agreed to acquire SM Energy’s core Powder River Basin assets. The acquisition is comprised of over 112,200 predominantly contiguous net acres of leasehold in Converse, Campbell, and Johnson counties in Wyoming. Northwoods is led by Chief Executive Officer Tom Tyree, who has extensive experience in the acquisition and development of upstream oil and gas properties in the Rocky Mountains, Marcellus Shale, and Barnett Shale. Mr. Tyree was Co-Founder, President, and
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Fortress to sell OneMain stake to Apollo-led group

An investor group led by Apollo Global Management LLC and Värde Partners Inc have agreed to buy Fortress Investment Group LLC’s remaining stake in OneMain Holdings Inc for $26 a share. The deal is valued at between $1.5 billion to $2 billion, according to press reports. Once the transaction closes, the consortium will own about 40.5 percent of OneMain, which makes car and other personal loans, mainly to people who have trouble borrowing elsewhere. PRESS RELEASE NEW YORK & MINNEAPOLIS–(BUSINESS WIRE)–An investor group led by funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE:APO) and Värde Partners, Inc. (“Värde”) today announced they have entered into a definitive agreement with a company primarily owned by funds managed by an affiliate of Fortress Investment Group LLC (“Fortress”) to acquire all of its remaining equity interest in OneMain Holdings, Inc. (“OneMain” or the “Company”)
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Apollo, Crestview, Reverence Capital to buy Voya Insurance and Annuity

Voya Financial Inc said Dec. 21 that it agreed to sell Voya Insurance and Annuity Co, which includes its closed block variable annuity segment, to Apollo Global Management, Crestview Partners and Reverence Capital Partners. Athene Holding Ltd, in a separate releasesaid it will invest $75 million into Venable Holding, the company formed to buy Voya Insurance. Voya Financial said the transaction will result in about $1 billion of value. Goldman Sachs & Co LLC served as financial adviser to Voya, while Willkie Farr & Gallagher LLP provided legal counsel. PRESS RELEASE NEW YORK, NY – THURSDAY, DECEMBER 21, 2017
• Voya Enters into Agreement with Investment Consortium led by Apollo Global Management, Crestview Partners and Reverence Capital Partners
• Transaction Significantly Reduces Market and Insurance Risk for Voya
• Voya to Focus on its Higher-Growth Retirement, Investment Management and Employee Benefits Businesses
• Voya to be
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Apollo to buy Qdoba Restaurant for $305 mln

Jack in the Box Inc said Dec. 19 that it agreed to sell Qdoba Restaurant Corp to Apollo Global Management LLC for about $305 million. The deal is expected to close in April. Qdoba operates and franchises more than 700 Qdoba Mexican Eats restaurants. Morgan Stanley & Co LLC provided financial advice to Jack in the Box, while Gibson, Dunn & Crutcher LLP served as legal counsel. Apollo was advised by Morgan, Lewis & Bockius LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Deutsche Bank Securities Inc, and PJ Solomon.
PRESS RELEASE SAN DIEGO–(BUSINESS WIRE)–Jack in the Box Inc. (NASDAQ: JACK) (the “Company”) today announced that it has entered into a definitive agreement to sell Qdoba Restaurant Corporation (“Qdoba”), a wholly owned subsidiary of the Company which operates and franchises more than 700 QDOBA MEXICAN EATS® restaurants, to certain funds managed by affiliates of Apollo Global Management, LLC
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Apollo to acquire Sun Country Airlines

Apollo Global has agreed to acquire Sun Country Airlines, an independent airline. The sellers are Marty and Mitch Davis. No financial terms were disclosed. The deal is expected to close during the first quarter of 2018. Barclays provided financial advice to Sun Country Airlines on the transaction. PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Funds affiliated with Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO) today announced that they have signed a definitive agreement to acquire Sun Country Airlines (“Sun Country” or the “Company”), the largest privately-held fully independent airline in the United States, from brothers Marty and Mitch Davis. The transaction, which is subject to regulatory approvals and other customary conditions, is targeted to close during the first quarter of 2018. Terms of the deal were not disclosed. Sun Country, based in Minnesota, flies passengers to leisure destinations across the U.S. and internationally and specializes in
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Apollo to buy Phoenix Services

Apollo Global Management has agreed to acquire Phoenix Services LLC, a provider of industrial services to steel mill customers. The sellers included Olympus Partners. No financial terms were disclosed. PRESS RELEASE KENNETT SQUARE, Pa. & NEW YORK–(BUSINESS WIRE)–Phoenix Services LLC (“Phoenix” or the “Company”), a premier provider of outsourced slag handling, metal reclamation, and other complementary services to leading steel mill customers around the world, today announced that Apollo Natural Resources Partners II, L.P. (“ANRP II”), a fund managed by affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”), has agreed to acquire the Company from its existing shareholders, including majority shareholder Olympus Partners. Terms of the transaction were not disclosed. Phoenix, founded in 2006, is a leading global provider of value-added industrial services to steel mills serving world class customers such as ArcelorMittal, Nucor Steel, and US Steel, among others. The Company
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Kleinman, Zelter named Apollo co-presidents

Apollo Global Management LLC said Nov. 13 that Scott Kleinman and James Zelter were named co-presidents effective Jan. 1. Kleinman and Zelter will have full responsibility for all of Apollo’s revenue-generating and investing businesses. Kleinman will focus on Apollo’s equity and opportunistic businesses, while Zelter will focus on Apollo’s credit and yield businesses. PRESS RELEASE New York, November 13, 2017 – Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO) today announced the expansion of its executive leadership team with the elevation of Scott Kleinman and James Zelter to serve as Co-Presidents.
In connection with these appointments, the current roles of Leon Black, Chairman, Chief Executive Officer and Founder, Josh Harris, Senior Managing Director and Co-Founder, and Marc Rowan, Senior Managing Director and Co-Founder, will continue with respect to Apollo’s strategic leadership and investment committee decision-making.
The appointments of Mr. Kleinman and Mr. Zelter to the newly
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