Apollo

Private-equity firm Apollo has launched a $7.7B bid for budget airline easyJet, following a $7.3B offer from Castlelake days earlier. The competing offers could trigger a bidding war for the airline.

Apollo, a US investment giant, outbid Castlelake in a last-minute twist during the takeover battle for the UK budget airline easyJet.

British budget airline EasyJet has agreed to a £5.7-billion takeover by U.S. private equity firm Apollo, surpassing a rival bid from American private equity investor Castlelake. The deal marks a strategic shift for the airline amid competing offers.

British budget airline EasyJet has agreed to a £5.7-billion takeover by U.S. private equity firm Apollo, surpassing a competing bid from American private equity firm Castlelake.

Apollo is nearing a record spending level through deals with EasyJet and Bayer. The article mentions passenger aircraft operated by EasyJet as part of these developments.

Bayer has sold its stake in the contraceptives business to Apollo in a €3 billion financing deal. The transaction aims to strengthen Bayer's balance sheet following years of legal challenges related to its Roundup weedkiller.

easyJet's stock rose 14% as Apollo and Castlelake submit takeover bids for the budget airline. Apollo's proposed bid is valued at $7.7 billion.

EasyJet has accepted a takeover bid from US investor Apollo worth £5.7 billion. The deal involves a significant financial investment from Apollo, a major US-based investment firm.

US private equity firm Apollo has entered a bidding war for easyJet with a £5.7bn all-cash offer. The airline’s board is 'minded to recommend' the deal after previously accepting a rival offer from Castlelake earlier this week.

US private equity firm Apollo has made a £5.7bn offer for easyJet, which the airline’s board is minded to recommend to shareholders. This follows a prior offer from rival firm Castlelake earlier in the week.

Bayer AG sold a $3.4 billion stake in its contraceptives division to Apollo. The transaction involves the sale of a significant portion of Bayer's contraceptive business.

Apollo has submitted a rival bid for EasyJet that surpasses Castlelake's offer. The article references an EasyJet passenger aircraft at London Luton Airport.

The IMF reduced its 2026 global growth forecast to 3% due to high energy prices from the Iran conflict, which is slowing economic growth and raising inflation. The fund noted AI demand helped avoid a sharper downturn and expects growth to rebound in 2027, while the US Federal Reserve remains divided over interest rate adjustments amid uncertainty about prolonged energy price impacts.

Deutsche Bank economist Jim Reid states AI's productivity gains are years away, with current data showing no significant economic impact. If AI fails to deliver, it could exacerbate global debt issues. Apollo's Torsten Slok warns of potential market repricing if AI investments underperform.

Apollo, a private equity firm, is struggling to sell a Hispanic grocery chain following US immigration raids that have reduced sales. The raids have negatively impacted the company's efforts to divest the business.

Blue Owl faced $4.7 billion in redemptions across two funds, with investors withdrawing 19% from its flagship fund and 38% from a software-focused lending fund. The firm honored 5% of withdrawal requests, a standard industry cap, while its stock rose 10% as loan performance exceeded expectations. Blue Owl's challenges include managing investor fears about private credit and sustaining growth.

Apptronik, a Texas-based robotics startup valued at over $5.5 billion, has opened a 'Robot Park' in Austin to train its Apollo humanoid robots through real-world tasks. The facility, operating seven days a week, collects data to enhance AI models for factory, service, and home applications, with investors including Mercedes and Google.

Leon Black, co-founder of Apollo, told Congress that Jeffrey Epstein stole $60 million from him. Black stated he was deceived into paying $158 million in fees he believed would cost $95 million after taxes.

Ex-Apollo CEO Leon Black stated that Jeffrey Epstein defrauded him of over $60 million, using the metaphor 'I knew Jekyll. I didn't know Hyde.' He made this claim in a prepared statement to the House Oversight and Government Reform Committee.

Leon Black, co-founder of Apollo, is set to appear before the US House Oversight Committee regarding links to Epstein. The billionaire is among prominent figures facing scrutiny from the influential committee.

Gen Z graduates are blaming AI for their unemployment, but economist Torsten Slok argues factors like Fed tightening, trade-war uncertainty, and slowing immigration are more significant. Unemployment for recent graduates remains at 5.6%, higher than the 4.2% rate for all workers, with the gap emerging before ChatGPT's release. Companies' mixed messaging on AI is fueling Gen Z's job insecurity.

Private equity's investment in life insurance companies has shifted risk profiles, pushing insurers toward alternative assets and creating 'zombie insurers' at risk of failure. Anant Bhalla, former CEO of American Equity, warns this trend prioritizes high-risk investments over traditional bonds, with AM Best data showing higher returns but increased risk for portfolios managed by Wall Street-backed insurers.

Apollo is limiting withdrawals in its main retail-focused private credit fund after exit requests reached 17%, sparking renewed concerns about liquidity in the private credit market.

The cost of AI tokens has dropped over 90% since 2023, but corporate spending on large language models has doubled, driven by increased usage despite lower unit costs. Economists warn this reflects Jevons paradox, where efficiency gains lead to higher overall consumption, as companies automate more workflows and deploy AI extensively.

Apollo chose Austin, Texas, over Florida for its second U.S. headquarters due to concerns about private school availability in Florida, according to a report by The Financial Times. The decision was made under the leadership of Marc Rowan.

Apollo's deputy global head of private equity warned that private equity investors should prepare for a 'bifurcation' in returns as software-related bets face risks from a returns squeeze.

An Apollo executive warns that private equity has become 'a little out of whack' and there will be a 'price to pay' for industry exuberance between 2017 and 2022.

The article discusses Apollo's focus on Asia's private markets and mentions Goldman Sachs Group Inc as a participant. The Photographer, Scott Eells, is credited for the image via Bloomberg.

Private equity is facing value capitulation, according to Apollo’s Kleinman. The statement highlights challenges in the private equity sector as discussed by a representative from Apollo.

Apollo and Blackstone have finalized a $35 billion deal to finance Anthropic's growth plans. The transaction involves a large lending model.

The KMT leader urged the US and China not to treat Taiwan as a pawn. Apollo is seeking a Japanese life insurer, and Chinese exports have increased.

Apollo, a US asset manager, is seeking to acquire a Japanese life insurer to boost growth. However, the company may face regulatory hurdles due to a preference for domestic players in Japan.

Meta is launching a $115 million 'Workforce Academy' in Louisiana, Ohio, Indiana, and Texas to train workers in blue-collar skills, addressing AI-related job concerns and filling labor shortages. The initiative guarantees jobs to graduates, as companies take the lead in reskilling amid government inaction on AI workforce transitions.

Apollo and Blackstone have raised $35 billion in a chip financing deal for Anthropic, one of the largest private credit fundraisings to date. The funding aims to support Anthropic's AI growth plans.

New York's highest court ruled that lenders cannot use 'sole discretion' clauses in real estate contracts to deliberately harm borrowers and seize equity, reversing a lower court decision in a lawsuit involving the Steinway Tower. The 4-3 decision could reshape real estate law by prioritizing equitable outcomes over strict contract wording, with dissenting judges warning of reduced legal predictability.

Jim Zelter of Apollo predicts that high-grade debt sales will surpass US Treasuries. The article highlights his outlook on debt market performance.

Apollo is set to transfer control of Reno de Medici to its bondholders. The move indicates a shift in ownership or management of the entity.

Anthropic, an AI company, requires financial backing from larger entities like Broadcom and Google to secure loans for chip purchases due to its unprofitable and private status. The debt terms for Anthropic's $36 billion loan are significantly better when backed by A-rated Broadcom compared to unsecured portions. The article highlights risks of relying on 'blue-chip' cosigners, referencing past financial crises where such dependencies caused systemic failures.

Optimum has escalated a debt dispute with Apollo and Ares by shifting assets, pushing the conflict to a critical point. Patrick Drahi is mentioned in the context of the situation.

Marc Rowan, the Apollo chief, faces a setback in a dispute with locals in the Hamptons over a lobster fight. A New York court ruling has returned him to 'square one' in the conflict.