From a corner conference room overlooking the Thames, Michael Sherwood, a vice chairman of Goldman Sachs Group Inc., has the guts to voice publicly what many in London’s centuries-old financial district are increasingly worried about behind closed doors: that threats to Britain’s membership in the European Union are threats to British business.
Apollo Management LP is the leading candidate to buy Zale Corp.’s chain of mall-based jewelry kiosks called Piercing Pagoda, the Wall Street Journal said, citing unidentified people with knowledge of the negotiations.
Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. , the chemical makers owned by Apollo Management LP, are planning to sell debt as the number of defaults on high-yield, high-risk bonds slides.
China’s Fosun International Ltd. bought 80 percent of Portugal’s Caixa Geral de Depositos SA’s insurance unit for 1 billion euros ($1.36 billion), beating out U.S. buyout firm Apollo Management International LLP.
Cedar Fair LP , the operator of amusement parks that called off a takeover by an Apollo Management LP affiliate, is marketing debt as investors may regain their appetite for high-yield, high-risk bonds.
Fidelity National Information Services Inc. , the payment-processor that private-equity firms including Blackstone Group LP sought to buy, is marketing debt after corporate bond sales fell to a six-week low.