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.
Blackstone Group LP, which has put $1 billion of equity this year into Asian real estate, says it’s poised for more deals in the region as maturing funds sell assets and banks retreat amid new regulations.
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.
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.
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.
Bank of New York Mellon Corp. and federal prosecutors are close to settling some claims in a government lawsuit accusing the bank of overcharging customers for foreign-exchange trading, according to a court filing.