Apollo Global Management

Private equity’s mountain of dry powder can be conquered


What do private equity firms and Oliver Twist have in common? They’re generally always hungry for more.

Photo: Livemint
Image from MahaNakhon
Visual from the company website
Chinese bidders walk away from Osram takeover

Chinese interest in a takeover of lighting group Osram Licht AG has cooled amid signs of mounting political opposition to Chinese acquisitions in Germany, two people familiar with the matter said on Tuesday. Sanan Optoelectronics and venture capital firm GSR Go Scale Capital Advisors have stopped pursuing a bid for… Read more »

The project, being run under the special purpose vehicle GMR OSE Hungund Hospet Highways Pvt. Ltd, is jointly owned by a consortium of GMR and Oriental Structural Engineers Ltd. Photo: Mint
India: GMR Enterprises in talks to raise up to $45m

GMR Enterprises Pvt. Ltd, the holding company of Hyderabad-based infrastructure conglomerate GMR Group,is in talks to raise around Rs300 crore in structured debt to refinance some existing debt, two people aware of the development said. GMR Enterprises and the promoters own a 60.1% stake in the listed firm, GMR Infrastructure… Read more »

Photo: Reuters
Apollo-led buy of Anglo American’s Australian coal is off

A long-awaited deal for miner Anglo American (AAL.L) to sell its Australian coal assets to a consortium headed by private equity group Apollo Global Management (APO.N) is off, two sources with knowledge of the matter said on Tuesday. Three sources said in October the deal was expected, although one had… Read more »

Surface coal mining  Credit: Wikimedia Commons
Lone Star Funds