How Wall Street made an absolute killing from Twinkies

Hostess Brands, the maker of Twinkies, is going public in a deal that is great news for private equity.
Apollo Global Management and the family-owned private equity firm C. Dean Metropoulos & Company — which together bought Hostess out of bankruptcy in 2013 — have sold the company to Gores Holdings, a special-purpose acquisition company, for some $675 million.
In the process, they've made a ton of money.
Much of it comes from a $905 million dividend recapitalization last year, in