Fortress Investment Group related stories
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Centerbridge to pump $500m into bankrupt auto parts makerCenterbridge will buy $500 million-worth of convertible stock in bankrupt auto parts company Dana, which has reached an agreement with the United Auto Workers and the United Steel Workers unions to replace the company’s health care plans with tax-deductible trusts.
- Apollo and Abu Dhabi disagree about 10% stake’s $1.5bn value(2)
Apollo Management is reportedly in a dispute over the valuation of the firm in its attempt to sell a 10 percent stake to the Abu Dhabi Investment Authority.
- Apollo and Abu Dhabi disagree about 10% stake’s $1.5bn value
Apollo Management is reportedly in a dispute over the valuation of the firm in its attempt to sell a 10 percent stake to the Abu Dhabi Investment Authority.
- American Capital to be added to S&P 500(3)
Publicly traded private equity firm American Capital will be added to the Standard & Poor’s 500 index on Friday—taking the place of a company recently acquired by KKR.
- American Capital to be added to S&P 500(2)
Publicly traded private equity firm American Capital will be added to the Standard & Poor’s 500 index on Friday—taking the place of a company recently acquired by KKR.
- American Capital to be added to S&P 500
Publicly traded private equity firm American Capital will be added to the Standard & Poor’s 500 index on Friday—taking the place of a company recently acquired by KKR.
- Centerbridge to acquire agribusiness firm from Charlesbank(3)
Middle-market firm Charlesbank Capital will sell controlling interest in GSI Holdings, the parent company of an agricultural equipment maker and distributor, to Centerbridge for an undisclosed amount.
- Blackstone slides through IPO price(3)
At press time, Blackstone’s shares were trading below the firm’s debut price of $31 per share, down significantly from its closing price of $35 just one day earlier.
- Blackstone to pay less than 1% of IPO to lawyers and accountants(3)
The Blackstone Group is paying the lawyers and accountants working on its IPO under 1 percent of the total funds raised. The US buyout firm is also paying bankers slightly over half the usual aggregate fee they would usually receive on such a deal.
- Fortress, Centerbridge in $8.9bn gaming deal(3)
The two private equity firms have agreed to buy publicly tradedPenn National Gaming, which owns 18 facilities in 14 US states.