Apollo Global Management
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News
Blume Global lands $500M valuation with Bridgepoint deal
“We’re excited to partner with Blume Global, its management team, Apollo and EQT to support the company through its next stage of growth,” says Bridgepoint’s…
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Legal issues
Congress escalates probe into Yellow’s $700M COVID loan
A U.S. House subcommittee has launched an investigation into Yellow Corp.’s $700 million CARES Act loan.
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Modern Shipper
Michaels to offer same-day delivery through Instacart
Crafts retailer Michaels is adding same-day delivery through Instacart from more than 100 stores as more consumers order materials for projects online.
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News
Vista’s SPAC exit of Omnitracs on ice
This deal would have been Vista’s fourth attempt to exit its investment with transportation telematics provider Omnitracs, along with a second attempt to merge with…
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News
Vista eyes SPAC for another attempt at Omnitracs exit
The SPAC combination would be at least the fourth time Vista has tried to exit its investment in Omnitracs.
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News
Greensill Capital reportedly faces $1.5 billion write-down, possible insolvency
Concurrent to insolvency discussions, Greensill is considering the sale of its operating business to Apollo Global Management Inc. for $100 million, according to a report.
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News
YRC gives government 30% stake in its latest financial bailout
YRC gives the Treasury Department a 30% equity stake in exchange for a $700 million lifeline.
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Europe
Singapore’s sovereign wealth fund acquires €950 million logistics real estate in Europe
GIC, Singapore’s wealth fund, has acquired a Pan-European logistics real estate portfolio that has an accumulated industrial space of over 1 million square meters.
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Intermodal
Apollo Global Management buys Direct ChassisLink, Blume Global for reported $2.5B
The seller was Swedish private equity group EQT Partners, which may be trying to clean up its balance sheet ahead of an IPO.
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Economics
CEVA Logistics reportedly preparing for an IPO
Apollo Global Management is reportedly planning to take its subsidiary CEVA Logistics public by April.
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