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Apollo, Metropoulos Leverage Twinkies for Dividends in Loan Deal

-twinkie-pack-story-top

 

After dismissing a sale and initial public offering, Hostess Brands LLC still wants to reward its private-equity owners. It’s opting to pay them by levering up instead.

Two years after Apollo Global Management LLC and Metropoulos & Co. acquired the maker of Twinkies from liquidation, Hostess is selling $1.23 billion of term loans. Of that, $905 million will be used to pay a dividend to its shareholders, according to Standard & Poor’s. That’s more than double what they paid for the business… READ MORE

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Christine Idzelis and Sridhar Natarajan

Apollo Global Management

Protection 1

Apollo Global Management made a $1.5 billion bid to buy home

security company Protection 1. However, Protection 1 has other suitors,

including Ares Management and ADT Corp, according to Reuters.

The company that More…

leon_black Apollo

Yesterday, Rupert Murdoch’s 21st Century Fox announced it has entered

into a preliminary agreement with Leon Black’s private equity firm

Apollo Global Management. Subject to a number of conditions,  More…

425px-Cec_logo.svg

– CEC Entertainment (NYSE: CEC) is a Texas based family dining and

entertainment company that operates 577 Chuck E. Cheese entertainment

centres for children, mostly around the United States. CEC today announced More…

שער

– Gradual Process of Restoring Liquidity to US Housing Market Continues.

According to sources, Deutsche Bank is to provide a US$200 million facility to

Apollo Global Management More…

(L-R) Carlyle Group co-founder and CEO David Rubenstein ,

Private equity firm Apollo Global Management LLC is considering making a

bid for Portuguese lender Novo Banco SA, the bank carved out of Banco Espirito Santo

Advertisement. Scroll to continue reading.

SA, Bloomberg reported, citing people familiar with More…

Leon Black,   Apollo Chairman and CEO Apollo Global Management,   LLC,   takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills

Leon Black’s Apollo Global Management is nearing a buyout of PetSmart Inc.

for about $8 billion in what would be the largest leveraged deal for a U.S.

company this year, Bloomberg reported on Saturday,  More…

Leon Black,   Apollo Chairman and CEO Apollo Global Management,   LLC,   takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills

Apollo Global Management LLC is in advanced talks to acquire Presidio Inc.

in a deal that could value the information technology consulting company

at close to $1.3 billion, including debt, according to More…

 

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