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Top related persons:
Andy Hornby - 1 Frankie - 1 Jefferies - 1 John Wood - 1 Neil Unmack - 1 Oliver Taslic - 1
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Britain
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Restaurant - 1 Irenic Capital - 1 Oasis Management - 1 Apollo Group - 1 Restaurant Group - 1 Apollo Funds - 1 Apollo Global Management - 1 Thomson - 1

Search resuls for: "Apollo Funds"


2 mentions found


☆ Apollo may get noodle LBO thrown back in its face
  + stars: | 2023-10-12 | by ( Aimee Donnellan | ) www.reuters.com   time to read: +3 min
The private equity firm has offered to buy Wagamama owner Restaurant Group (RTN.L) for 701 million pounds including debt. Restaurant Group is an obvious takeover target. And Restaurant Group itself reckons it can crank up its EBITDA margin by as much as 3.5 percentage points by 2026. Apollo could comfortably double its money, assuming it used debt of around 300 million pounds to buy the business, or 3 times 2024 EBITDA. The deal is being undertaken by a special purpose vehicle indirectly owned by Apollo Funds, managed by affiliates of Apollo Global Management.
Persons: Andy Hornby, Frankie, Jefferies, John Wood, Neil Unmack, Oliver Taslic Organizations: Reuters, Restaurant, Irenic Capital, Oasis Management, Apollo Group, Restaurant Group, Apollo Funds, Apollo Global Management, Thomson Locations: Britain
☆ Western Digital gets $900 million investment from Apollo, Elliott
  + stars: | 2023-02-01 | by ( Chibuike Oguh Tiyashi Datta | Chibuike Oguh | Tiyashi Datta | ) www.reuters.com   time to read: +2 min
On Tuesday, Western Digital CEO David Goeckeler said the partnership with Apollo and Elliott would help "facilitate the next stages of Western Digital's strategic review." The latest investment is a precursor to a potential merger between Silicon Valley-based Western Digital and Japan's Kioxia Holdings Corp, according to people familiar with the matter. The sources, who requested anonymity as these discussions are confidential, said the talks between Western Digital and Kioxia are still active. Western Digital and Kioxia jointly produce NAND chips, which are widely used in smartphones, TVs, data center servers and public announcement display panels. Qatalyst Partners, Lazard and J.P. Morgan are serving as Western Digital's financial advisers and Skadden, Arps, Slate, Meagher & Flom LLP is serving as Western Digital's legal adviser.
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