UBS Says Market May View Apollo Global Management's (APO) Repurchase Plan Positively - Reiterates Buy
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Resource Energy LLC Announces New Formation and First Acquisition
February 3, 2016 8:01 AM ESTDENVER--(BUSINESS WIRE)-- Resource Energy Partners LLC (Resource Energy)Â is a recently formed private equity-backed upstream oil and gas production company capitalized by funds affiliated with Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, Apollo), a leading global alternative investment manager. Resource Energy was formed to implement an acquisition and exploitation strategy principally focused on the revitalization of existing wellbores as opposed to drilling new wells.
On November 23, 2015, Resource Energy successfully closed its first acquisition by purchasing 112 total wells, 54... More
Apollo Global Management, LLC Reports Fourth Quarter and Full Year 2015 Results
February 3, 2016 7:00 AM ESTApollo Adopts Plan to Repurchase $250 Million of Shares
NEW YORK--(BUSINESS WIRE)-- Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today reported results for the fourth quarter and full year ended December 31, 2015.
During 2015 the funds we manage generated inflows of nearly $24 billion and deployed more than $13 billion, which we believe demonstrates the power of Apollos integrated global platform amid a volatile market backdrop, said Leon Black, Chairman and Chief Executive Officer of Apollo. In addition, since we do not believe the current share... More
Presidio Closes Netech Corporation Transaction to Extend Cloud, Security and Collaboration Capabilities in the US Midwest
February 2, 2016 8:15 AM ESTNEW YORK, N.Y., Feb. 2, 2016 (GLOBE NEWSWIRE) -- Presidio, a leading US-based IT solutions provider, announced today that it has closed the acquisition of the business of Netech Corporation, a privately held, family-owned, IT services and solutions integrator with revenues in excess of $325 million. The agreement for Presidio to acquire the assets of Netech Corporation was originally announced on January 6, 2015. The combined company will deliver core offerings to customers such as design, integration and optimization of data center and cloud, network and physical security, collaboration, and enterprise networking solutions to customers in the Midwestern US. Those customers represent a... More
