Leon Black ’s Apollo Global Management LLC is joining private-equity firms that have their own broker-dealers, relying in part on an investment bank built by his former boss at Drexel Burnham Lambert Inc.
Carlyle Group LP, in a transaction nine months before it filed to go public, saddled itself with debt to pay owners including William Conway, Daniel D’Aniello and David Rubenstein a $398.5 million tax-deferred dividend.
In 1997, Josh Weston persuaded the founder of J. Crew Group Inc. to sell the company to TPG Capital. Now, he’s heading the special board committee that approved TPG’s offer to again buy the apparel retailer.
Intercontinental Exchange Inc., owner of the world’s largest credit-default swap clearinghouse, will petition the U.S. Securities and Exchange Commission to allow asset managers to clear trades in the $26.5 trillion market.
Unilever, the world’s second- biggest consumer products company, said it will seek a buyer for its Findus frozen food business in Italy as it shifts away from local labels to focus on international brands.