Memphis Daily News: EPE Parent Reports Increase in Net Income

The global private equity company that owns the company that owns Elvis Presley Enterprises reported a 510 percent increase in its economic net income for the second quarter compared to a year ago.

Apollo Global Management LLC’s second quarter included the purchase of CKx Inc., the entertainment company that owns 85 percent of EPE. Apollo is a 20-year-old “alternative contrarian” investment firm with a business plan that includes buying distressed or undervalued assets in recessionary times.

But in a second-quarter earnings call with analysts Tuesday, Aug. 9, Apollo president Marc Spilker said the economic upheavals of the last week “make it seem like we’re talking about events that happened a lifetime ago.”

Spilker described the company as “well-positioned” to take advantage of some of the downturn even as he cautioned that events were still unfolding.

Neither Spilker nor Donnelly made any comments about plans for CKx and specifically Elvis Presley Enterprises.

Read more at: Memphis Daily News


Reuters: Apollo ENI rises, driven by private equity

(Reuters) – Apollo Global Management LLC (APO.N) reported a rise in second-quarter earnings, helped by higher profits from its private equity unit, and said that the recent market falls potentially gave it opportunities to invest. Apollo, in its second quarterly earnings report since its initial public offering in March, said economic net income (ENI) —


The Wall Street Journal: Apollo Says Market Turmoil Creates Opportunity to Invest

Apollo Global Management executives said the market selloff this week creates opportunity to buy assets, especially credit products. Discussing second-quarter earnings results–the first quarterly report since the New York firm’s debut on the New York Stock Exchange in March–Apollo President Marc Spilker struck a cautiously optimistic tone, pointing to the firm’s two-prong approach to private


Apollo Announces Second Quater 2011 Earnings Release and Conference Call

NEW YORK–(BUSINESS WIRE)– Apollo Global Management, LLC (NYSE:APO – News) and its consolidated subsidiaries (collectively “Apollo”), announced today that it plans to release its financial results for the second quarter of 2011 on Tuesday, August 9, 2011, before the opening of trading on the New York Stock Exchange. Apollo will host a conference call on


PE Hub: Billionaire Steven Cohen Bidding for NY Mets Stake

Billionaire hedge fund manager Steven Cohen is bidding for a minority stake in the New York Mets baseball team, Reuters reported, citing a story in the Wall Street Journal. The team is attempting to raise roughly $200 million to cover losses and pay down debt, Reuters wrote. Other bidders for the stake include Marc Spilker, president


Bloomberg: Hedge-Fund Billionaire Steve Cohen Said to Be Among Bidders for Mets Stake

An investment group led by David Heller, co-head of Goldman Sachs Group Inc.’s securities unit, and Mark Spilker, president of private-equity firm Apollo Global Management LLC, is out of the bidding, the Times said. Read more at: Bloomberg


The Wall Street Journal: Cohen Makes a Pitch for the Mets

Another group with Wall Street credentials is the team of David Heller, an executive of Goldman Sachs Group Inc., and Marc Spilker, the president of Apollo Global Management LLC, the private-equity fund. Read more at: The Wall Street Journal


The New York Times: Hedge Fund Manager is Prominent in Mets Picture

Out of the bidding is an investment group formed by David Heller, a Goldman Sachs executive, and Marc Spilker, president of Apollo Global Management, and another comprised of Leo Hindery, a media investor, and Marc Utay, managing partner of Clarion Capital, a private equity firm. The status of a third syndicate, led by Steven Starker, a


RFK Conference

The evening kicked off the first RFK Compass Conference, organized by the Robert F. Kennedy Center for Justice & Human Rights, the not-for-profit organization founded in 1968 by the late Robert Kennedy’s family and friends to carry on his legacy. Kerry, president Orin Kramer of the RFK Center, and a group of its supporters – including Orin Kramer (pictured


Marc Spilker in the News

Marc A. Spilker (born June 28, 1964) is currently President of Apollo Global Management, a multinational alternative assets management firm based in New York City. Life and career Born and raised in Long Island, New York, he is a 1982 graduate of W.C. Mepham High School. He received a BSE (Bachelor of Science in Economics)