Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Apollo Global Management LLC plans to raise as much as $499 million in its share sale this week, betting a recovery of capital markets will spur investors to buy the stock at a discount to Blackstone Group LP (BX) and KKR & Co.
Apollo, the New York-based private equity firm led by Leon Black, is scheduled to offer 26.3 million shares for $17 to $19 each today, according to a regulatory filing. Goldman Sachs Group Inc. is among the investors that will sell a partial stake. The midpoint price would value Apollo at 5.4 times adjusted earnings of $1.18 billion last year, compared with 14 times for Blackstone and 5.7 times for KKR, Bloomberg data show.
The revival of capital markets that began in 2010 has boosted valuations on Apollo’s holdings and enabled dealmaking after the worst financial crisis since the Great Depression. KKR, which listed its shares on the New York Stock Exchange after combining with its publicly traded European fund in July, has gained 73 percent. Blackstone is trading at its highest in almost three years, paring declines since its 2007 initial public offering.
“They see the valuations of their peers improving tremendously over a relatively short amount of time, and the cynic in me says they want to get while the getting is good,” said Tom Jalics, a senior investment analyst at the private- banking unit of KeyCorp in Cleveland, which oversees $25 billion. “The fact that their assets are linked to the equity markets in general obviously has been a boon to them.”
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
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Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Apollo Global Management LLC plans to raise as much as $499 million in its share sale this week, betting a recovery of capital markets will spur investors to buy the stock at a discount to Blackstone Group LP (BX) and KKR & Co.
Apollo, the New York-based private equity firm led by Leon Black, is scheduled to offer 26.3 million shares for $17 to $19 each today, according to a regulatory filing. Goldman Sachs Group Inc. is among the investors that will sell a partial stake. The midpoint price would value Apollo at 5.4 times adjusted earnings of $1.18 billion last year, compared with 14 times for Blackstone and 5.7 times for KKR, Bloomberg data show.
The revival of capital markets that began in 2010 has boosted valuations on Apollo’s holdings and enabled deal making after the worst financial crisis since the Great Depression. KKR, which listed its shares on the New York Stock Exchange after combining with its publicly traded European fund in July, has gained 73 percent. Blackstone is trading at its highest in almost three years, paring declines since its 2007 initial public offering.
“They see the valuations of their peers improving tremendously over a relatively short amount of time, and the cynic in me says they want to get while the getting is good,” said Tom Jalics, a senior investment analyst at the private- banking unit of KeyCorp in Cleveland, which oversees $25 billion. “The fact that their assets are linked to the equity markets in general obviously has been a boon to them.”
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
###
Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Apollo Global Management LLC plans to raise as much as $499 million in its share sale this week, betting a recovery of capital markets will spur investors to buy the stock at a discount to Blackstone Group LP (BX) and KKR & Co.
Apollo, the New York-based private equity firm led by Leon Black, is scheduled to offer 26.3 million shares for $17 to $19 each today, according to a regulatory filing. Goldman Sachs Group Inc. is among the investors that will sell a partial stake. The midpoint price would value Apollo at 5.4 times adjusted earnings of $1.18 billion last year, compared with 14 times for Blackstone and 5.7 times for KKR, Bloomberg data show.
The revival of capital markets that began in 2010 has boosted valuations on Apollo’s holdings and enabled dealmaking after the worst financial crisis since the Great Depression. KKR, which listed its shares on the New York Stock Exchange after combining with its publicly traded European fund in July, has gained 73 percent. Blackstone is trading at its highest in almost three years, paring declines since its 2007 initial public offering.
“They see the valuations of their peers improving tremendously over a relatively short amount of time, and the cynic in me says they want to get while the getting is good,” said Tom Jalics, a senior investment analyst at the private- banking unit of KeyCorp in Cleveland, which oversees $25 billion. “The fact that their assets are linked to the equity markets in general obviously has been a boon to them.”
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
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