Notable (Hostess Brands, & More)

  • Hostess Brands. Slightly older news but we were hunting for Easter eggs last week. Anyway, Hostess Brands is back in the public markets now ($TWNK) and, notably, Apollo Global Management has reduced its holdings from 16.9% to 2.6% according to SEC filings. This appears to be a very successful turnaround and exit for the publicly-traded private equity shop ($APO).
  • Reorg Research. Something tells us that Dechert LLP's subscription rate is about to go up
  • We previously noted the failure of Canadian company, it seems, has purchased the URL of the company for $9mm, an interesting comp for distressed IP go-forward.