Leon Black News

Woman Drops Lawsuit Alleging Billionaire Financier Raped Her

A woman who accused billionaire Leon Black of raping her two decades ago at the Manhattan mansion of disgraced financier and sex offender Jeffrey Epstein has ended her lawsuit against the Apollo Global Management co-founder. Cheri Pierson dismissed her claims …

Investment Firm Apollo Hikes Stake in Athene to 35% in Deal Worth $1.55B

Apollo Global Management Inc. is doubling down on its investment in Athene Holding Ltd., increasing its stake to 35% and deepening the ties between the two firms. Apollo will acquire approximately 35.5 million common shares of Athene for about $1.55 …

Enmity Erupts Between Former Private Equity Partners Over Lucrative Insurance Units

Nearly a decade ago, Imran Siddiqui helped engineer a shrewd maneuver for buyout mogul Leon Black’s Apollo Global Management LLC, one that’s yielded many millions for the firm. Then Siddiqui and Apollo parted ways — and the sparks are still …

Banca Carige Sells Insurance Units to Apollo to Raise Capital

Banca Carige SpA, one of the two Italian lenders that need to plug a capital shortfall after the European Central Bank’s review, agreed to sell its two insurance units to Apollo Management Holdings LP. Carige will sell Carige Assicurazioni SpA …