[57][8][76], In January 2008, Apollo and TPG Capital acquired Harrah's Entertainment for $27.4 billion, including the assumption of existing debt. Rackspace was started by founders as an application developer but later the company became a cloud computing company. Bain Capital is considering a competing offer to Silver Lake's $2.4 billion acquisition deal for Germany's Software AG, Bloomberg reported. [168], In March 2021, Apollo Investment Corporation closed a $110 million mezzanine credit facility between LendingPoint and MidCap Financial Trust. [1] Funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees.[5]. [86][87] In 2009, the company was sued by a noteholder claiming mismanagement. Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. Apollo has had 32 exits. [178][179], In August 2021, Apollo announced the acquisition of the incumbent local exchange carrier operations in 20 states from Lumen Technologies for $7.5 billion, including $1.4 billion of assumed debt. The Credit segment focuses on the investment in non-control corporate and structured debt instruments including performing, stressed, and distressed instruments across the capital structure. Apollo Global Management Company Profile: Financings & Team | PitchBook Weve seen this firsthand in Shopify Support, a globally disbursed team with a remote work culture in which effective team leads act as mission enablers. Learn We pursue investment excellence through the tenacity, passion, and integrity of our people. #1-Ranked Industry Analyst Patrick Moorhead dives into Dell' APEX Managed Device Services for flexible IT device management. Apollo Global Management CEO Marc Rowan joins Yahoo Finance Live's Brian Sozzi at the Milken Institute Global Conference 2023 in Beverly Hills, CA, to discuss global dealmaking in 2023, JPMorgan's acquisition of First Republic Bank, and the outlook for regional banking. Learn more about our history. The industry leader for online information for tax, accounting and finance professionals. Nov 23, 2021 . Learn more in the Weekly Brief. Apollo . [94][95] In April 2010, the deal was terminated due to poor shareholder response. [161], In April 2020, AGM announced that it would invest $300 million in Cimpress, an Irish-domiciled printing group that owns Vistaprint. The founders of Apollo are Leon Black, Josh Harris, and Mark Rowan. [115][116], In June 2015, Apollo agreed to acquire OM Group for $1.03 billion. [135][136], In November 2017, Apollo lent $184 million to Kushner Companies to refinance the mortgage on a Chicago skyscraper. Yahoo Inc. mainly focuses on media and online businesses. Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. [92], In November 2009, Liberty Global acquired Unity Media GMBH; funds managed by Apollo owned a 31% interest. Learn more in the Weekly Brief. We strive to be: We are building a unique firm of extraordinary colleagues who: As One Apollo team, we believe that doing great work and having fun go hand in hand, and we are proud of what we can achieve together. Apollo has made 3 diversity investments. [42] In 2002, Attorney General of California Bill Lockyer accused Apollo, Leon Black, and an investor group led by French bank Credit Lyonnais of violating California law by having a foreign government-owned bank acquire the assets and bond portfolio of Executive Life Insurance Co. in 1991. Apollo Global Management Reviews | Glassdoor Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. [120] It was sold to Hilton Worldwide in August 2021. It is an American Global Investment Management Firm. The History of Apollo Global Management - A Timeline | Apollo Global Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Monetary Policy Timing, See Details of But, perhaps the real lead example of insurance related investment float accumulation is Apollo Global Management, Inc. Apollo has hit a new high of $414 billion of assets under its management in . Learn how we partner with companies and investors to drive global change. In 1997, Ares Management was founded by Antony Ressler and John H. Kissick, both partners at Apollo, as well as Bennett Rosenthal, who joined the group from the global leveraged finance group at Merrill Lynch, to manage a $1.2 billion market value collateralized debt obligation vehicle. Create Comparison. Apollo Global Management - CB Insights [54], In August 2006, TNT N.V. announced that it had agreed to the sale of its logistics division to Apollo for $1.9 billion. Apollo Global Management Company History Timeline. The 2.10% of Apollo Global Management Inc.'s shares are in the hands of company insiders while institutional holders own 56.10% of the company's shares. [50], In May 2006, Apollo announced the acquisition of Rexnord Corporation, a manufacturer of precision motion-technology products, primarily focused on power transmission, from private-equity firm The Carlyle Group for $1.825 billion. [69], In April 2007, Apollo acquired Realogy, a franchisor that owns Coldwell Banker, Century 21, and Sotheby's International Realty, for $8.5 billion. Cox Enterprises along with Apollo Global Management maintains about 29% minority skate in the company. [193], In 2022, investment funds managed by Apollo acquired Chicago-based grocer Tony's Fresh Market,[194] and California-based grocer Cardenas,[195] and Miller Homes from Bridgepoint Group.[196]. Sept 13 (Reuters) - Private equity firm Apollo Global Management Inc (APO.N) has approached Tronox Holdings Plc (TROX.N), one of the world's largest pigment manufacturers, with a $4.3 billion all-cash offer, people familiar with the matter said on Monday. Constellis is a private military contractor that was created as a result of a merger between rival contractors Triple Canopy and Academi in 2014. [53], In June 2006, Apollo acquired Momentive Performance Materials, General Electric's Advanced Materials (Silicones & Quartz) business for approximately $3.8 billion. [9] Among the most notable founders are John Hannan, Drexel's former co-director of international finance; Craig Cogut, a lawyer who worked with Drexel's high-yield division in Los Angeles; and Arthur Bilger, the former head of the corporate finance department. . [118], In February 2016, Apollo agreed to acquire The ADT Corporation for $6.9 billion. [153][154], In November 2019, investment funds managed by Apollo acquired Florida-based Tech Data Corp. for $5.4 billion from Warren Buffett's Berkshire Hathaway. Apollo gives customized financing solutions to private middle companies. [148], In February 2019, Apollo acquired Aspen Insurance for $2.6 billion. Apollo Global Management (formerly known as Tango Holdings) is an alternative asset management company. Apollo Global Management, Inc. | 230,204 followers on LinkedIn. The loans were reported to have been sold in the "mid-80 cents on the dollar" relative to face value. Also important is the data on short interest which shows that short shares stood at 10.01 million on Apr 13, 2023, giving us a short ratio of 2.94. It operates through the following segments: Credit, Private Equity, and Real Assets. Category for portfolio companies of the private equity investment firm: Apollo Global Management.[1]. The business was rebranded as CEVA in November 2007. Learn how Apollo's Private Equity platform helps companies across our portfolio create long-term sustainable value. [185][186][187][188][189] The same month, co-founder Josh Harris left the company to focus on other business ventures. Learn how Apollo is helping to drive a more sustainable future by supporting the growth of FlexGen. Apollo Global Management, Inc. is an American global private equity firm. Apollo . Apollo Global Management: Leading Alternative Asset Manager | Private [63][64][65][66], In March 2007, Apollo announced the $3.1 billion leveraged buyouts of costume jewelry retailer Claire's Stores. Here are some ways to put healthy conflict resolution into practice. Apollo is a very understaffed company with management that is highly demanding and deadline driven. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. It is an employment website whose offices are in the United States, Canada, Europe, and Asia. The industry leader for online information for tax, accounting and finance professionals. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. [citation needed], In 2004, Apollo Real Estate acquired the Value Enhancement Funds family of investment vehicles to broaden its offerings in the "value-added" segment of the real-estate investment spectrum. Tronox in March named its top executives John Romano and Jean-Francois Turgeon as co-chief executives after its previous CEO Jeffry Quinn was referenced, without being mentioned by name, in U.S. Securities and Exchange Commission complaints alleging insider trading at Ferro Corp, another chemicals company where Quinn served as board director. Category for portfolio companies of the private equity investment firm: Apollo Global Management. [176][177], In July 2021, funds managed by Apollo acquired EmployBridge, a large industrial-staffing company that has been cited for dozens of safety violations and wage infractions. Marc Rowan, CEO of Apollo Global Management, andMaverick Carter, CEO of The SpringHill Company, share what they have learned stepping into the CEO role and working to build the right culture and legacy for their respective firms. Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. The shares were bought by an Apollo Global Management subsidiary, Tanager Limited. Since our founding in 1990, we have built a leading global alternative asset management business by staying true to our core principles. The firm offers performing and non-performing loans, insurance-linked securities, asset-backed securities, distressed debt, senior bank loans, structured credit, and other fixed-income products to . [19], Apollo acquired interests in companies that Drexel had helped finance by purchasing high-yield bonds from failed savings and loans and insurance companies. All values as of most recently reported quarter unless otherwise noted. [24] Fund III was only an average performer for private-equity funds of its vintage. The company was founded in 1990 and is based in New York, New York. Founded in 1990, Apollo Global Management is a private equity and investment management firm headquartered in New York City, New York. List of top Apollo Portfolio Companies - Crunchbase Hub Profile A leading contributor to addressing some of the biggest issues facing the world today such as energy transition, accelerating the adoption of new technologies, and social impact where innovative approaches to investing can make a positive difference. Academi, founded by Erik Prince and formerly known as Blackwater USA, is best known for its role in the Nisour Square massacre, where Blackwater guards killed 17 Iraqi civilians and injured 20. Some Apollo Global Management owned companies are: Cox Meia Group is owned by Apollo Global Management Group. Apollo is a high-growth alternative asset manager. Apollo (NYSE: APO) offers a global alternative asset manager that provides capital solutions and support to fund its growth and build stronger businesses. As of 2022, the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing . Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. The first of these new affiliates, founded in 2003, was Apollo Distressed Investment Fund (DIF) Management, a credit-opportunity investment vehicle. Although technically the founders of Ares had completed a spinout with the formation of the firm in 1997, they had maintained a close relationship with Apollo over its first five years and operated as the West Coast affiliate of Apollo. [99][100][101], In March 2012, Apollo acquired the unprofitable Great Wolf Resorts for $703 million. What Companies Does Apollo Global Management Own In 2023 - DATAROMA Apollo 's most notable exits include Western Digital , Airbnb . Apollo Global Management is a global asset management firm that specializes in credit-oriented capital and real estate markets. See here for a complete list of exchanges and delays. My passion is personal finance and financial advising. [114], In May 2015, Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion. The leading provider of retirement income solutions to institutions, companies, and individuals. Japan, San Francisco, Europe, Asia), CB Rank (Event): Algorithmic rank assigned to the top 100,000 most active Events, Total amount raised at IPO of all the organizations associated with this hub, Median amount raised at IPO of all the organizations associated with this hub, Total valuation at IPO of all the organizations associated with this hub, Median valuation at IPO of all the organizations associated with this hub, Average date at which organizations in this hub went public, Percentage of organizations in this hub that have removed their stock from the stock exchange. [20] One of Apollo's earliest and most successful deals involved the acquisition of Executive Life Insurance Company's bond portfolio. Apollo Global Management (APO) Stock Price Performance, Apollo Global Management (APO) Stock Key Data, Total Enterprise Value to Total Revenue (ttm). [59], In 2006, Apollo acquired International Paper's coated paper and supercalendered paper business for $1.4 billion, renaming the business Verso Paper. 68% of employees would recommend working at Apollo Global Management to a friend and 75% have a positive outlook for the business. The fund, ACT Capital, is part of the $50 billion sustainable investment target Apollo set for itself last year. In November 2008, Realogy launched an exchange offer for a portion of its debt to provide additional flexibility, prompting a lawsuit from Carl Icahn. Apollo is a high-growth alternative asset manager. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors. Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox, according to the sources, who spoke on condition of anonymity. Since our founding in 1990, we have established a notable record of success in alternative investments. Apollo Global Management is a global asset management firm that specializes in credit-oriented capital and real estate markets. Insights about top trending companies, startups, investments and M&A activities. We are committed to helping them build stronger businesses. [58], In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, a manufacturer of whirlpool baths. Merx Aviation is a global aircraft leasing, management and finance company based in New York and Dublin. Apollo is headquartered in the Solow Building at 9 West 57th Street in New York City,[1] with offices across North America, Europe, and Asia. [1] ^ Portfolio companies are those companies that are currently or have been previously owned or controlled by the private equity firm or its affiliate funds. In February 2007, Apollo acquired Oceania Cruises for $850 million and provided additional capital to fund the expansion of the company with the purchase of two new cruise ships.[62]! | Apollo is a high-growth, global alternative asset manager. [151], In August 2019, Apollo agreed to provide around $1.8 billion of debt financing to support New Media Investment Group's acquisition of Gannett. Announces Suspension of Trading of Units on Euronext Amsterdam", "UPDATE 1-Verso Paper raises $168 mln in IPO", "Private equity firm to acquire Oceania Cruises for $850M", "Smart & Final sells to Apollo Management affiliate in $813.9M deal", "Merger of Henry's, Sprouts is latest in Boney family's retail saga", "Costume Jewelry Retailer Agrees to a Takeover", "Wave of Bankruptcy Filings Expected From Retailers in Wake of Holidays", "Latest Deal in Real Estate for $9 Billion", "Apollo Management, L.P. Completes Acquisition Of Realogy Corporation", "Icahn Sues Real Estate Company Over Debt", "Buyout Firm Said to Seek a Private Market Offering", "Harrah's Entertainment, Inc. [77][78], In January 2008, Apollo invested $1 billion in Norwegian Cruise Line to support a recapitalization of the company's balance sheet. We are empowering retirees, building and financing stronger businesses, and driving a more sustainable future. All quotes delayed a minimum of 15 minutes. [147] On February 10, 2020, Cox Enterprises bought back the Ohio newspapers it sold to AGM. We find uncommon opportunities and sources of growth through continual learning, contrarian thinking, and rigorous debate. Were focused on securing pensions so people can retire better and companies can focus on what they do best. Hexion announced in July 2007 that it was acquiring Huntsman Corporation, a major specialty-chemicals company, in a $6.5 billion leveraged buyout. Crypto market turmoil and bank failures have sparked a migration of investors from crypto native platforms to futures. Apollo Global Management, Inc. 2023 All Rights Reserved. [67][68], In April 2007, Apollo acquired Noranda Aluminum, the US aluminum business of Xstrata for $1.15 billion. Language links are at the top of the page across from the title. The timing of this separation also coincided with Apollo's legal difficulties with the State of California over its purchase of Executive Life Insurance Company in 1991. [49] Although Apollo was involved in a number of notable and large buyouts, the firm avoided the very largest transactions during the time. 52 Jobs. whether providing guaranteed income products through Athene or tailored portfolio and asset management services to external retirement plans . Insights about top trending companies, startups, investments and M&A activities, Citigroup had been unable to syndicate the loans before the onset of the credit crunch. In May 2020, Apollo was the lead investor in a group that bought the majority of debt owed by airport baggage handler Swissport, which has 45,000 workers. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. APO: Apollo Global Management Inc Stock Price Quote - Bloomberg Verizon sells media businesses including Yahoo and AOL to Apollo - CNBC Apollo raised around $400 million of investor commitments based on Leon Black's reputation as a prominent lieutenant of Michael Milken and a key player in the buyout boom of the 1980s. RT @BloombergTV: Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is expanding its London o. Top Apollo Global Management Competitors and Alternatives - Craft [41][citation needed], In 2002, when Ares raised its first corporate opportunities fund, the firm announced that it would separate from its former parent company. Is there any room for doubt? Labor Risks. Apollo is an alternative asset manager with a track-record of sizable private equity deals, profitable debt/credit management, and shrewd real estate acquisition strategy, across a truly global . How are IPOs trending over time in this hub? [146] On June 26, 2019, Cox announced that its 60 radio stations, as well as its national advertising business CoxReps, and local OTT advertising agency Gamut, would also be acquired by the new company, which concurrently announced that it would retain the Cox Media Group name instead of Terrier Media. [182], In September 2021, investment funds managed by Apollo acquired 90% of Yahoo!. Learn how Apollos origination platforms are helping to finance stronger businesses. But we have to start with what we saw this . Apollo Group An investment and management group We invest across Yield, Hybrid, and Equity markets, seeking to generate excess returns for our clients across the full risk-reward spectrum. Our clients rely on our investment acumen to help secure their future. 2023 Forbes Media LLC. Angel - Uber), Money Raised: Amount of money raised in Funding Round, Total number of investments made by investors in this hub, Announced Date: Date when the Investment is announced, Investor Name: Name of the investor who participated in the Investment, Funding Round: Name of the funding round where the Investment is made, Number of Investors: Total number of Investors in a Funding Round, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Organization/Person Name: Name of the Organization or Person, Location: Where the organization is headquartered, Investor Type: This describes the type of investor this organization or person is (e.g. It was started in 2017 and is present till now. Apollo acquire 50% equity stake in MaxCap | MaxCap Group [162], In May 2020, Apollo purchased $1.75 billion of preferred stock in Albertsons Companies. Tronox did not disclose whether Quinn was accused of any wrongdoing. Also in 1995, Apollo founding partner Craig Cogut left the firm to found Pegasus Capital Advisors. [111], In January 2014, Apollo acquired Chuck E. Cheese's for about $1 billion. At Apollo, we have built out an entire ecosystem around empowering retirees. It was sold in 2011 for $400 million. At all levels, we empower our people to make decisions and coach them to accelerate their personal development as leaders.

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