Leveraged-buyout firms led by billionaire Leon Black’s Apollo Global Management LLC, seeing fewer bargains in acquiring companies, are loading up on high- risk debt being abandoned by the world’s biggest banks.
Bill and Hillary Clinton stopped by the Sagaponack General Store yesterday as Eric Schmidt, executive chairman of Google Inc., settled into brunch at CittaNuova in East Hampton, paging through real-estate ads over eggs.
Apollo Global Management LLC, which has raised $3.9 billion to buy distressed European assets, is hunting for hotels and resorts in Spain as tourists from across Europe help pull the country out of a two-year recession.
National Basketball Association owners unanimously approved the sale of the Philadelphia 76ers to a group led by Apollo Global Management LLC co-founder Joshua Harris and David Blitzer, who moved to London from New York in 2002 to create the European office of Blackstone Group LP.
In a private dining room at the Beverly Hills restaurant Spago, four dozen financiers gathered in April for a dinner put on by one of their own: Leon Black , head of private equity giant Apollo Global Management LLC .