Apollo Global Management reported a first-quarter profit Tuesday as the value of its investments soared. The New York firm posted net income of $678.9 million, or $2.81 a share. That compares with a loss of $996.2 million, or $4.47 a share, a year earlier when...
Ares Management joined the $200 billion club after the strongest fundraising year in its history, led by the largest European direct-lending fund ever raised. The Los Angeles firm’s assets under management stood at $207.2 billion at the end of the first quarter, an...
US private equity firm Blackstone has offered more than $12 a share for Australian casinos group Crown Resorts. Six weeks after Blackstone put Crown in play with an $11.85 a share indicative offer, it is understood Blackstone returned with a revised proposal in an...
Hospitals acquired by PE firms tend to have higher operating margins than those that are not acquired — and that gap widens over time, a new study shows. But it is too early to say whether these glowing financial figures equate to better support for clinical care....
Coast Capital, which is based in New York, is said to be planning to oppose the sale of the train and bus group’s American interests because it would receive too little money in the deal. Now they are pressuring FirstGroup to prioritise payouts to shareholders above... 