PrivateEquity

Liquid Assets: Apollo Buys Indoor Waterpark Leader

Apollo Global Management is shelling out $703 million for Great Wolf Resorts, the leading operator of indoor water park resorts. The $5-a-share offer is better than the stock has seen since 2008, but people who bought it around its 2004 IPO will end up taking a real bath.

Leveraged Buyout Trailblazer Ted Forstmann Dead at 71

Theodore J. "Ted" Forstmann died on Sunday from complications related to brain cancer. The private equity pioneer's firm, Forstmann Little & Co., was one of the first to engage in leveraged buyouts -- using borrowed money to buy companies.

Apollo in Talks to Purchase Regis Corp.

Private equity company Apollo Management is in discussions to buy Regis Corp. (RGS), a Minneapolis company that runs more than 12,000 hair salons, The New York Post said. The discussions are not yet in their final stages and it is not certain the two parties will reach a deal, The New York Post said without naming its sources.

Nielsen to Raise $2.01 Billion in IPO

Nielsen, the world%u2019s largest TV and consumer measurement company, will raise as much as $2.01 billion in an IPO, more than the $1.75 billion it originally aimed for. The company, which is owned by a group of six private equity firms, said in a regulatory filing Monday that it was upping the amount it plans to raise, Reuters reported.