Apollo-backed CEC Entertainment to merge with Leo Holdings


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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CEC Entertainment Inc, which owns Chuck E Cheese and Peter Piper Pizza, is merging with Leo Holdings Corp, a SPAC. CEC Entertainment, which is backed by Apollo Global Management LLC, will trade on the NYSE under the ticker “CEC.” Apollo is not selling shares in the transaction and will have 51 percent once the deal closes. CEC’s anticipated initial enterprise value is about $1.4 billion. Leo Holdings is blank check company formed by Lion Capital.

PRESS RELEASE

LONDON and IRVING, Texas, April 8, 2019 /PRNewswire/ — CEC Entertainment, Inc. (“CEC” or the “Company”), a nationally recognized leader in family entertainment and dining, and Leo Holdings, Corporation (NYSE: LHC) (“Leo”), a publicly traded special purpose acquisition company, announced today that Leo and Queso Holdings, Inc. (“Queso”), the parent company of CEC, together with Queso’s controlling stockholder, an entity owned by funds managed by affiliates of

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Apollo completes take-private Aspen Insurance buyout


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Apollo Global Management has closed its take-private acquisition of Aspen Insurance in an all-cash transaction valued at about $2.6 billion. As a result of the closing, Aspen stopped trading February 15, 2019 on the New York Stock Exchange and the Bermuda Stock Exchange. Goldman Sachs and J.P. Morgan Securities LLC provided financial advice to Aspen on the deal.

PRESS RELEASE

NEW YORK & HAMILTON, Bermuda–(BUSINESS WIRE)–Affiliates of certain investment funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO), a leading global alternative investment manager, and Aspen Insurance Holdings Limited (“Aspen”) (NYSE: AHL), announced today that the Apollo Funds have completed the previously announced acquisition of Aspen. The transaction, which was first announced on August 28, 2018, closed following receipt of regulatory approvals and the approval of Aspen’s shareholders.

Under the terms of the previously announced agreement and

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Apollo Global names co-COOs


This post is by Luisa Beltran from PE Hub Blog: Human Resources


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Apollo Global Management LLC said Jan. 15 that it expanded its leadership team. The firm promoted Anthony Civale, lead partner and COO, and Martin Kelly, CFO, to serve as co-chief operating officers. Civale and Kelly will oversee Apollo’s business operations and corporate infrastructure. They work closely with James Zelter and Scott Kleinman, Apollo co-presidents. The appointments are effective Jan. 15.

PRESS RELEASE

NEW YORK, Jan. 15, 2019 (GLOBE NEWSWIRE) — Apollo Global Management, LLC (APO) (together with its consolidated subsidiaries, “Apollo” or the “Company”) (NYSE: APO) today announced an expansion of its executive leadership team with the elevation of Lead Partner and Chief Operating Officer (Credit) Anthony Civale and Chief Financial Officer Martin Kelly to serve as Co-Chief Operating Officers of the Company. Mr. Kelly will continue in his role as CFO.
In their new capacities, Mr. Civale and Mr. Kelly will oversee Apollo’s business operations and

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LifePoint Health and Apollo-backed RCCH complete merger


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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LifePoint Health Inc has closed its previously announced merger with RCCH HealthCare Partners, a portfolio company of Apollo Global Management. According to terms of the deal, LifePoint shareholders are receiving $65 per share in cash for each share of LifePoint’s common stock they owned. Also, LifePoint has stopped trading on the NASDAQ. The newly combined healthcare company will operate under the LifePoint Health name. LifePoint will remain based in Brentwood, Tennessee.

PRESS RELEASE

BRENTWOOD, Tenn.–(BUSINESS WIRE)–LifePoint Health, Inc. (NASDAQ: LPNT) (“LifePoint”) today announced the completion of its merger with 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”). As a result of the merger, LifePoint’s common stock is no longer trading on NASDAQ, effective today, and will be delisted.

The combined, privately held company will operate under the LifePoint Health name

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Apollo commits another $700 mln to Catalina Holdings


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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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


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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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


This post is by Iris Dorbian from PE Hub Blog: PE-Backed IPOs


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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


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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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


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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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


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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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


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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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


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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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


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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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


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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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


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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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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