Paul Hastings Represents UBS ABL for Hostess Assets Sale

Paul Hastings represented UBS AG in a $60 million ABL facility in connection with Apollo Global and Metropoulos’ purchase of certain assets related to the manufacturing and distribution of snack products from Hostess Brands.

April 11, 2013 Apollo Global Management | Hostess Assets Sale Paul Hastings | Hostess Brands | Paul Hastings ABFJ News

Citi Venture Capital Invests in SourceHOV

SourceHOV, a provider of business and knowledge process outsourcing solutions, said that Citi Venture Capital is investing in the company as a new equity partner with HOVS LLC.

March 20, 2013 Apollo Global Management | Citi Venture Capital International | Citi Venture Capital Invests | CVCI Private Equity ABFJ News

McGraw-Hill Revises Sale to Apollo to an All-Cash Transaction

McGraw-Hill Companies will receive an additional $150 million in cash at the closing of the McGraw-Hill Education sale to Apollo Global Management in lieu of being issued $250 million in face amount of unsecured notes.

March 5, 2013 Apollo Global Management | McGraw-Hill Companies | McGraw-Hill Education ABFJ News

McGraw-Hill Announces Facility Launch to Fund Acquisition

McGraw-Hill Global Education Holdings announced the launch of its $800 million of senior secured credit facilities to finance its acquisition by Apollo.

March 4, 2013 Apollo Global Management | Global Education Holdings | McGraw-Hill Education | revolving credit facility ABFJ News

Hostess Gets Approval to Auction Cake, Bread Brands

Bloomberg reported that Hostess Brands won bankruptcy court approval to hold auctions for brands including Wonder Bread, Twinkies and Drake’s.

February 12, 2013 Apollo Global Management | Bread Brands Bloomberg | C. Dean Metropoulos | Flowers Foods | Wonder Bread ABFJ News

FinalCut: Hedge Funds Have $74B as Europe Fire Sale Delayed

ABF Journal illustrator Jerry Gonzalez shows that hedge funds and private equity firms have amassed $74 billion to invest in distressed debt in anticipation that Europe’s sovereign-debt crisis will push banks into the biggest fire sale in history. The problem is, few are selling.

October 17, 2012 Apollo Global Management | Avenue Capital | Davidson Kempner Capital Management | Oaktree Capital Shannon Browne