See here for a complete list of exchanges and delays. [57][8][76], In January 2008, Apollo and TPG Capital acquired Harrah's Entertainment for $27.4 billion, including the assumption of existing debt. [10][11][12], Within six months after the collapse of Drexel, the Apollo launched Apollo Investment Fund L.P., the first of its private-equity investment funds, formed to make investments in distressed companies. AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies, including public companies, although it historically has not invested in companies controlled by Apollo's private-equity funds. Use Forbes logos and quotes in your marketing. It operates through the following segments: Credit, Private Equity, and Real Assets. Hexion announced in June 2008 it would refuse to close the deal, prompting a series of legal actions. Were focused on securing pensions so people can retire better and companies can focus on what they do best. In April 2001, Apollo raised Apollo Investment Fund V with $3.7 billion of investor commitments. The industry leader for online information for tax, accounting and finance professionals. [3][4][1] As of 2022[update], the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. Photobooks, prints, Personalized Cards, Gifts, and many more. Is it time to stick or twist? Learn how Apollo's Private Equity platform helps companies across our portfolio create long-term sustainable value. [137][138], In March 2018, Apollo acquired Mexican-style restaurant chain Qdoba from Jack in the Box. Disclosure: Apollo Global Management is the parent company of Yahoo Finance. The business was rebranded as CEVA in November 2007. It operates through three segments: Asset Management, Retirement Services, and Principal Investing. Apollo Global Management and BlackRock supported several of PNC Financial Services Group's failed bids for First Republic Bank, Bloomberg reported.The PE giants were poised to buy some of the bank's assets had PNC's efforts been successful. All values as of most recently reported quarter unless otherwise noted. [125][126][127][128], In February 2017, Apollo Education Group, the parent company of the University of Phoenix, was acquired by investment funds managed by Apollo and the Vistria Group, for $1.14 billion. It is an American Global Investment Management Firm. In 2021, Apollo Private Equity Funds agreed to acquire Lumen Technologies ILEC assets and associated operations to create Brightspeed Internet. We seek to not only preserve capital, but also to generate exceptional returns over the long term. As of April 8, 2008, the fund had generated a 54% IRR net of fees. My goal is to provide practical advice and insights to help my readers make informed financial decisions and achieve their financial goals. Apollo Global Management, Inc. 2023 All Rights Reserved. [19], Apollo acquired interests in companies that Drexel had helped finance by purchasing high-yield bonds from failed savings and loans and insurance companies. [173] The same month, funds managed by Apollo acquired The Michaels Companies, parent of Michaels. Apollo Global Management, Inc. | 230,204 followers on LinkedIn. (Disclosure: Apollo Global Management is the parent company of Yahoo Finance.) 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. See Details of Private equity firm Apollo Global Management Inc has approached Tronox Holdings Plc , one of the world's largest pigment manufacturers, with a $4.3 billion all-cash offer, people familiar with the . [77][78], In January 2008, Apollo invested $1 billion in Norwegian Cruise Line to support a recapitalization of the company's balance sheet. Category for portfolio companies of the private equity investment firm: Apollo Global Management.[1]. [92], In November 2009, Liberty Global acquired Unity Media GMBH; funds managed by Apollo owned a 31% interest. The ability to manage and process information has become paramount to business success, and document management software (DMS) has played a critical role in this information revolution. It operates through the following segments: Credit, Private Equity, and Real Assets. Monetary Policy Timing, See Details of [7][8] AAA's investment portfolio was made up of a mix of private-equity and capital-markets investments. This rating has improved by 6% over the last 12 months. [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. [115][116], In June 2015, Apollo agreed to acquire OM Group for $1.03 billion. Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox, according to the sources, who spoke on condition of anonymity. In 2000, Apollo exited the partnership, which continued to operate as Apollo Real Estate Advisers until changing its name to AREA Property Partners effective January 15, 2009. [103][104][105], In November 2012, Apollo acquired McGraw-Hill Education for $2.5 billion. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield . We are committed to helping them build stronger businesses. NEW YORK / MELBOURNE, AUSTRALIA - 8 September 2021 Apollo Global Management, Inc. (NYSE: APO), (together with its consolidated subsidiaries, "Apollo") today announced that clients managed by its affiliates have entered into a definitive agreement to acquire up to a 50% equity stake in MaxCap Group ("MaxCap" or the "Company"), a leading Australasian commercial real estate . 2023 Forbes Media LLC. Learn more in the Weekly Brief. [93], In December 2009, Apollo announced the acquisition of Cedar Fair Entertainment Company for $635 million and assumed debt valuing the company at $2.4 billion. My passion is personal finance and financial advising. The Real Assets segment includes investment in real estate equity and infrastructure equity; and real estate and infrastructure debt. [49] Although Apollo was involved in a number of notable and large buyouts, the firm avoided the very largest transactions during the time. Video Transcript. About Apollo Global Management. Angel, Fund of Funds, Venture Capital), Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Announced Date: Date the acquisition was announced, Acquirer Name: Name of the acquiring organization, Transaction Name: Auto-generated name of transaction (e.g. 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 . [85], During the financial crisis of 20072008, several of Apollo's investments came under pressure. Since inception, Pegasus has raised $1.8 billion in four private-equity funds focused on investments in middle-market companies in financial distress. ACT Capital will invest in companies globally, Apollo said. 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. [180][181] The same month, Apollo launched a $500 million fund to invest in SPACs. Learn how Apollos origination platforms are helping to finance stronger businesses. [89][90], In December 2008, Apollo completed fundraising for its latest fund, Apollo Investment Fund VII, with roughly $14.7 billion of investor commitments. [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. Related by Industry: Diversified Financials. History tells us that it takes time for monetary policy to work its way through the economy. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is . Apollo Global Management is a global asset management firm that specializes in credit-oriented capital and real estate markets. JPMorgan's acquisition makes it the most globally systemically important bank (G-SIB) in the U.S. and number five globally only after the four Chinese G-SIBs. Institutional investors partner with us to seek excess returns across the risk/reward spectrum. 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. Which companies in this hub have the most subsidiaries? [123][124], In 2016, investment funds managed by Apollo acquired Constellis for $1 billion. Apollo Commercial Real Estate Finance (NYSE: ARI) MidCap Financial Investment Corp. (NASDAQ: MFIC) Preferred Stockholders. Apollo Reports Fourth Quarter and Full Year 2022 Results, Apollo Launches Clean Transition Capital Strategy to Support Firmwide Target to Deploy $50 Billion by 2027. The company was founded by Marc . [135][136], In November 2017, Apollo lent $184 million to Kushner Companies to refinance the mortgage on a Chicago skyscraper. What Companies Does Unilever Own In 2023 DATAROMA, What Companies Does Dodge Own In 2023 DATAROMA, Bill Gates Portfolio 2023 Stock Holdings- DATAROMA, Dexcom Stock Split in 2023 [What You Should Know], Interactive Home and Business Automation, Monitoring services. [119], In June 2016, funds managed by Apollo Global Management acquired Diamond Resorts International. The sources cautioned that there is no certainty that Tronox will agree to any deal. We invest across Yield, Hybrid, and Equity markets, seeking to generate excess returns for our clients across the full risk-reward spectrum. [88], Apollo exercised its "PIK toggle" option at Claire's to shut off cash interest payments to its bondholders and instead issue more debt, to provide the company with additional financial flexibility. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. In 2002, Ares completed a corporate spin-off from Apollo management. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. [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. Tasnee, through a subsidiary, is now Tronox's biggest shareholder with a 24% stake. Apollo Global Management, Inc. 2023 All Rights Reserved. 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. Rackspace was started by founders as an application developer but later the company became a cloud computing company. What's the most common final funding type when companies get acquired? 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. [58], In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, a manufacturer of whirlpool baths. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Learn how Apollo is helping to drive a more sustainable future by supporting the growth of FlexGen. Aug 28, 2018 . Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Apollo Global Management has an overall rating of 3.7 out of 5, based on over 242 reviews left anonymously by employees. While that held true for a long timethe mantra is now being challenged. [69], In April 2007, Apollo acquired Realogy, a franchisor that owns Coldwell Banker, Century 21, and Sotheby's International Realty, for $8.5 billion. save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Spoiler: They're loving it. The portfolio comprised primarily senior secured loans that had been made to finance leveraged-buyout transactions at the peak of the market. We are committed to expanding opportunities across every corner of our ecosystem the workplace, marketplace, and communities in which we operate and across all forms of diversity. [144] However, on February 14, 2019, Cox Media Group announced that it was selling its 14 television stations to Apollo. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors. 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. Tronox did not disclose whether Quinn was accused of any wrongdoing. Even with the threat of ransomware, the transition from managing infrastructure to managing data could not have happened at a better time. WhatsApp acquired by Facebook), Total number of people associated with this hub, Full Name: First and last name of a Person, Primary Organization: The organization associated to the person's primary job, Primary Job Title: The person's primary job title, CB Rank (Person): Algorithmic rank assigned to the top 100,000 most active People, Total number of events associated with this hub, Location: Location of the Event (e.g. Dell's Apex Managed Device Services Offer Flexible IT Device Management For SMBs For $70 Per Month, With First Republic Takeover, JPMorgan Is Americas Most Globally Systemically Important Bank, The Flight To Crypto Quality: Risk Management At Center Stage, The Power Of Rebalancing: Managing Emerging Market Volatility, How Vietnam's Entertainment Industry Can Increase Its Global Reach, 3 Ways To Manage Conflict In The Workplace, Three Cheers For Middle Managers: They Make The Freelance Revolution Possible, Marcel Brands Wanted Mikel Arteta To Manage Everton But Was Overruled, 15 Strategies For Navigating The Top Challenges In HR Management, In Shopify Support, Effective Managers Act As Mission Enablers, The Impact Of The Pandemic On Project Management, The Future Of Document Management Software, Stop Managing Infrastructure, Start Managing Data, THG Stock Rollercoaster As Bid Targets The Buff Billionaire, Two CEOs Reflect On Leadership And Changing The Way An Organization Thinks, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. It was started in 2017 and is present till now. The loans were reported to have been sold in the "mid-80 cents on the dollar" relative to face value. Foreign banks are not allowed to own California insurance companies. Bringing the country's entertainment industry to the global market requires a multifaceted approach. [111], In January 2014, Apollo acquired Chuck E. Cheese's for about $1 billion. In May 2008, Verso became a public company via an IPO.[60][61]. [139][140], In June 2018, funds managed by Apollo and Vrde Partners acquired a majority of OneMain Financial. The merged company became Endemol Shine Group, with AGM and Fox each owning half of the studio. notable investors of these companies, their management team, and recent news are also included. 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. We have a value-oriented approach across private equity, credit, and real estate. Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. [32], In May 2008, Apollo invested in Vantium, a company that buys residential mortgage assets as part of a strategy to profit from the United States housing market correction. Apollo Asset Management (NYSE: AAM PrA-B) Athene (NYSE: ATH.PRA-D) Closed-End Funds. All Rights Reserved. [148], In February 2019, Apollo acquired Aspen Insurance for $2.6 billion. 1990. Apollo Global Management Company Profile . [94][95] In April 2010, the deal was terminated due to poor shareholder response. Having worked as a financial advisor and an author, I combine a passion for writing with a deep understanding of financial planning and wealth management in my writing. Which investors participated in the most funding rounds within this hub? Apollo now serves institutional and individual investors across the risk-return spectrumin yield, hybrid and equity strategies. [53], In June 2006, Apollo acquired Momentive Performance Materials, General Electric's Advanced Materials (Silicones & Quartz) business for approximately $3.8 billion. Language links are at the top of the page across from the title. [14][15] Apollo purchased distressed securities, which could be converted into a controlling interest in the equity of the company through a bankruptcy reorganization or other restructuring. Intrado became a part of Apollo Global Management in 2017. Our business exists to serve these stakeholders including our limited partners, policyholders, regulators, portfolio companies, shareholders, employees, and communities. Apollo Private Equity Funds supported the transformation of McGraw Hill into a leader in the Ed Tech sector with a digital-first approach. The following 36 pages are in this category, out of 36 total. 12. At Apollo, we have built out an entire ecosystem around empowering retirees. In June 2007, Smart & Final completed the acquisition of the Henry's Marketplace chain of "farmers market" style food retailers from Wild Oats Markets as part of that company's acquisition by Whole Foods Market. Founded in 1990, Apollo Global Management is a private equity and investment management firm headquartered in New York City, New York. Exclusive news, data and analytics for financial market professionals, Reporting by Greg Roumeliotis in New York; Editing by Will Dunham and Nick Zieminski, How JPMorgan's Dimon won the First Republic deal, Tesla raises prices in US, China, Japan and Canada, HSBC rewards shareholders with buyback, dividend as profit triples, In race for efficient EVs, Mercedes taps F1 team to keep up with Tesla. [1] Funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees.[5]. Apollo Global Management, Inc provides asset management services. Using this vehicle, Apollo purchased the Executive Life portfolio, profiting when the value of high-yield bonds recovered, but also resulting in a variety of state regulatory issues for Apollo and Credit Lyonnais over the purchase. https://en.wikipedia.org/w/index.php?title=Category:Apollo_Global_Management_companies&oldid=978539603, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 15 September 2020, at 14:32. [43], Following the spin-off of Ares in 2002, Apollo developed two new affiliates to continue its investment activities in the capital markets. The Real Assets segment includes investment in real estate equity a Apollo Global Management, Inc. engages in the provision of alternative investment management services. [114], In May 2015, Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion. Novitex is a document-outsourcing provider that manages business-critical services for over 500 companies across 10 industries. Our asset management business provides companies with innovative capital solutions and support to fund their growth and build stronger businesses. Also in 1995, Apollo founding partner Craig Cogut left the firm to found Pegasus Capital Advisors. The company was founded in 1990 and is based in New York, New York. Following the purchase, Apollo ordered a new ship for Regent. [190], In May 2022, Apollo acquired the US asset management business of Griffin Capital. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. [2] Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. Learn about how Apollo Private Equity worked with Sun Country Airlines to grow its business during the most unprecedented time in airline history.
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See here for a complete list of exchanges and delays. [57][8][76], In January 2008, Apollo and TPG Capital acquired Harrah's Entertainment for $27.4 billion, including the assumption of existing debt. [10][11][12], Within six months after the collapse of Drexel, the Apollo launched Apollo Investment Fund L.P., the first of its private-equity investment funds, formed to make investments in distressed companies. AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies, including public companies, although it historically has not invested in companies controlled by Apollo's private-equity funds. Use Forbes logos and quotes in your marketing. It operates through the following segments: Credit, Private Equity, and Real Assets. Hexion announced in June 2008 it would refuse to close the deal, prompting a series of legal actions. Were focused on securing pensions so people can retire better and companies can focus on what they do best. In April 2001, Apollo raised Apollo Investment Fund V with $3.7 billion of investor commitments. The industry leader for online information for tax, accounting and finance professionals. [3][4][1] As of 2022[update], the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. Photobooks, prints, Personalized Cards, Gifts, and many more. Is it time to stick or twist? Learn how Apollo's Private Equity platform helps companies across our portfolio create long-term sustainable value. [137][138], In March 2018, Apollo acquired Mexican-style restaurant chain Qdoba from Jack in the Box. Disclosure: Apollo Global Management is the parent company of Yahoo Finance. The business was rebranded as CEVA in November 2007. It operates through three segments: Asset Management, Retirement Services, and Principal Investing. Apollo Global Management and BlackRock supported several of PNC Financial Services Group's failed bids for First Republic Bank, Bloomberg reported.The PE giants were poised to buy some of the bank's assets had PNC's efforts been successful. All values as of most recently reported quarter unless otherwise noted. [125][126][127][128], In February 2017, Apollo Education Group, the parent company of the University of Phoenix, was acquired by investment funds managed by Apollo and the Vistria Group, for $1.14 billion. It is an American Global Investment Management Firm. In 2021, Apollo Private Equity Funds agreed to acquire Lumen Technologies ILEC assets and associated operations to create Brightspeed Internet. We seek to not only preserve capital, but also to generate exceptional returns over the long term. As of April 8, 2008, the fund had generated a 54% IRR net of fees. My goal is to provide practical advice and insights to help my readers make informed financial decisions and achieve their financial goals. Apollo Global Management, Inc. 2023 All Rights Reserved. [19], Apollo acquired interests in companies that Drexel had helped finance by purchasing high-yield bonds from failed savings and loans and insurance companies. [173] The same month, funds managed by Apollo acquired The Michaels Companies, parent of Michaels. Apollo Global Management, Inc. | 230,204 followers on LinkedIn. (Disclosure: Apollo Global Management is the parent company of Yahoo Finance.) 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. See Details of Private equity firm Apollo Global Management Inc has approached Tronox Holdings Plc , one of the world's largest pigment manufacturers, with a $4.3 billion all-cash offer, people familiar with the . [77][78], In January 2008, Apollo invested $1 billion in Norwegian Cruise Line to support a recapitalization of the company's balance sheet. Category for portfolio companies of the private equity investment firm: Apollo Global Management.[1]. [92], In November 2009, Liberty Global acquired Unity Media GMBH; funds managed by Apollo owned a 31% interest. The ability to manage and process information has become paramount to business success, and document management software (DMS) has played a critical role in this information revolution. It operates through the following segments: Credit, Private Equity, and Real Assets. Monetary Policy Timing, See Details of [7][8] AAA's investment portfolio was made up of a mix of private-equity and capital-markets investments. This rating has improved by 6% over the last 12 months. [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. [115][116], In June 2015, Apollo agreed to acquire OM Group for $1.03 billion. Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox, according to the sources, who spoke on condition of anonymity. In 2000, Apollo exited the partnership, which continued to operate as Apollo Real Estate Advisers until changing its name to AREA Property Partners effective January 15, 2009. [103][104][105], In November 2012, Apollo acquired McGraw-Hill Education for $2.5 billion. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield . We are committed to helping them build stronger businesses. NEW YORK / MELBOURNE, AUSTRALIA - 8 September 2021 Apollo Global Management, Inc. (NYSE: APO), (together with its consolidated subsidiaries, "Apollo") today announced that clients managed by its affiliates have entered into a definitive agreement to acquire up to a 50% equity stake in MaxCap Group ("MaxCap" or the "Company"), a leading Australasian commercial real estate . 2023 Forbes Media LLC. Learn more in the Weekly Brief. [93], In December 2009, Apollo announced the acquisition of Cedar Fair Entertainment Company for $635 million and assumed debt valuing the company at $2.4 billion. My passion is personal finance and financial advising. The Real Assets segment includes investment in real estate equity and infrastructure equity; and real estate and infrastructure debt. [49] Although Apollo was involved in a number of notable and large buyouts, the firm avoided the very largest transactions during the time. Video Transcript. About Apollo Global Management. Angel, Fund of Funds, Venture Capital), Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Announced Date: Date the acquisition was announced, Acquirer Name: Name of the acquiring organization, Transaction Name: Auto-generated name of transaction (e.g. 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 . [85], During the financial crisis of 20072008, several of Apollo's investments came under pressure. Since inception, Pegasus has raised $1.8 billion in four private-equity funds focused on investments in middle-market companies in financial distress. ACT Capital will invest in companies globally, Apollo said. 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. [180][181] The same month, Apollo launched a $500 million fund to invest in SPACs. Learn how Apollos origination platforms are helping to finance stronger businesses. [89][90], In December 2008, Apollo completed fundraising for its latest fund, Apollo Investment Fund VII, with roughly $14.7 billion of investor commitments. [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. Related by Industry: Diversified Financials. History tells us that it takes time for monetary policy to work its way through the economy. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is . Apollo Global Management is a global asset management firm that specializes in credit-oriented capital and real estate markets. JPMorgan's acquisition makes it the most globally systemically important bank (G-SIB) in the U.S. and number five globally only after the four Chinese G-SIBs. Institutional investors partner with us to seek excess returns across the risk/reward spectrum. 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. Which companies in this hub have the most subsidiaries? [123][124], In 2016, investment funds managed by Apollo acquired Constellis for $1 billion. Apollo Commercial Real Estate Finance (NYSE: ARI) MidCap Financial Investment Corp. (NASDAQ: MFIC) Preferred Stockholders. Apollo Reports Fourth Quarter and Full Year 2022 Results, Apollo Launches Clean Transition Capital Strategy to Support Firmwide Target to Deploy $50 Billion by 2027. The company was founded by Marc . [135][136], In November 2017, Apollo lent $184 million to Kushner Companies to refinance the mortgage on a Chicago skyscraper. What Companies Does Unilever Own In 2023 DATAROMA, What Companies Does Dodge Own In 2023 DATAROMA, Bill Gates Portfolio 2023 Stock Holdings- DATAROMA, Dexcom Stock Split in 2023 [What You Should Know], Interactive Home and Business Automation, Monitoring services. [119], In June 2016, funds managed by Apollo Global Management acquired Diamond Resorts International. The sources cautioned that there is no certainty that Tronox will agree to any deal. We invest across Yield, Hybrid, and Equity markets, seeking to generate excess returns for our clients across the full risk-reward spectrum. [88], Apollo exercised its "PIK toggle" option at Claire's to shut off cash interest payments to its bondholders and instead issue more debt, to provide the company with additional financial flexibility. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. In 2002, Ares completed a corporate spin-off from Apollo management. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. [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. Tasnee, through a subsidiary, is now Tronox's biggest shareholder with a 24% stake. Apollo Global Management, Inc. 2023 All Rights Reserved. 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. Rackspace was started by founders as an application developer but later the company became a cloud computing company. What's the most common final funding type when companies get acquired? 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. [58], In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, a manufacturer of whirlpool baths. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Learn how Apollo is helping to drive a more sustainable future by supporting the growth of FlexGen. Aug 28, 2018 . Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Apollo Global Management has an overall rating of 3.7 out of 5, based on over 242 reviews left anonymously by employees. While that held true for a long timethe mantra is now being challenged. [69], In April 2007, Apollo acquired Realogy, a franchisor that owns Coldwell Banker, Century 21, and Sotheby's International Realty, for $8.5 billion. save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Spoiler: They're loving it. The portfolio comprised primarily senior secured loans that had been made to finance leveraged-buyout transactions at the peak of the market. We are committed to expanding opportunities across every corner of our ecosystem the workplace, marketplace, and communities in which we operate and across all forms of diversity. [144] However, on February 14, 2019, Cox Media Group announced that it was selling its 14 television stations to Apollo. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors. 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. Tronox did not disclose whether Quinn was accused of any wrongdoing. Even with the threat of ransomware, the transition from managing infrastructure to managing data could not have happened at a better time. WhatsApp acquired by Facebook), Total number of people associated with this hub, Full Name: First and last name of a Person, Primary Organization: The organization associated to the person's primary job, Primary Job Title: The person's primary job title, CB Rank (Person): Algorithmic rank assigned to the top 100,000 most active People, Total number of events associated with this hub, Location: Location of the Event (e.g. Dell's Apex Managed Device Services Offer Flexible IT Device Management For SMBs For $70 Per Month, With First Republic Takeover, JPMorgan Is Americas Most Globally Systemically Important Bank, The Flight To Crypto Quality: Risk Management At Center Stage, The Power Of Rebalancing: Managing Emerging Market Volatility, How Vietnam's Entertainment Industry Can Increase Its Global Reach, 3 Ways To Manage Conflict In The Workplace, Three Cheers For Middle Managers: They Make The Freelance Revolution Possible, Marcel Brands Wanted Mikel Arteta To Manage Everton But Was Overruled, 15 Strategies For Navigating The Top Challenges In HR Management, In Shopify Support, Effective Managers Act As Mission Enablers, The Impact Of The Pandemic On Project Management, The Future Of Document Management Software, Stop Managing Infrastructure, Start Managing Data, THG Stock Rollercoaster As Bid Targets The Buff Billionaire, Two CEOs Reflect On Leadership And Changing The Way An Organization Thinks, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. It was started in 2017 and is present till now. The loans were reported to have been sold in the "mid-80 cents on the dollar" relative to face value. Foreign banks are not allowed to own California insurance companies. Bringing the country's entertainment industry to the global market requires a multifaceted approach. [111], In January 2014, Apollo acquired Chuck E. Cheese's for about $1 billion. In May 2008, Verso became a public company via an IPO.[60][61]. [139][140], In June 2018, funds managed by Apollo and Vrde Partners acquired a majority of OneMain Financial. The merged company became Endemol Shine Group, with AGM and Fox each owning half of the studio. notable investors of these companies, their management team, and recent news are also included. 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. We have a value-oriented approach across private equity, credit, and real estate. Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. [32], In May 2008, Apollo invested in Vantium, a company that buys residential mortgage assets as part of a strategy to profit from the United States housing market correction. Apollo Asset Management (NYSE: AAM PrA-B) Athene (NYSE: ATH.PRA-D) Closed-End Funds. All Rights Reserved. [148], In February 2019, Apollo acquired Aspen Insurance for $2.6 billion. 1990. Apollo Global Management Company Profile . [94][95] In April 2010, the deal was terminated due to poor shareholder response. Having worked as a financial advisor and an author, I combine a passion for writing with a deep understanding of financial planning and wealth management in my writing. Which investors participated in the most funding rounds within this hub? Apollo now serves institutional and individual investors across the risk-return spectrumin yield, hybrid and equity strategies. [53], In June 2006, Apollo acquired Momentive Performance Materials, General Electric's Advanced Materials (Silicones & Quartz) business for approximately $3.8 billion. Language links are at the top of the page across from the title. [14][15] Apollo purchased distressed securities, which could be converted into a controlling interest in the equity of the company through a bankruptcy reorganization or other restructuring. Intrado became a part of Apollo Global Management in 2017. Our business exists to serve these stakeholders including our limited partners, policyholders, regulators, portfolio companies, shareholders, employees, and communities. Apollo Private Equity Funds supported the transformation of McGraw Hill into a leader in the Ed Tech sector with a digital-first approach. The following 36 pages are in this category, out of 36 total. 12. At Apollo, we have built out an entire ecosystem around empowering retirees. In June 2007, Smart & Final completed the acquisition of the Henry's Marketplace chain of "farmers market" style food retailers from Wild Oats Markets as part of that company's acquisition by Whole Foods Market. Founded in 1990, Apollo Global Management is a private equity and investment management firm headquartered in New York City, New York. Exclusive news, data and analytics for financial market professionals, Reporting by Greg Roumeliotis in New York; Editing by Will Dunham and Nick Zieminski, How JPMorgan's Dimon won the First Republic deal, Tesla raises prices in US, China, Japan and Canada, HSBC rewards shareholders with buyback, dividend as profit triples, In race for efficient EVs, Mercedes taps F1 team to keep up with Tesla. [1] Funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees.[5]. Apollo Global Management, Inc provides asset management services. Using this vehicle, Apollo purchased the Executive Life portfolio, profiting when the value of high-yield bonds recovered, but also resulting in a variety of state regulatory issues for Apollo and Credit Lyonnais over the purchase. https://en.wikipedia.org/w/index.php?title=Category:Apollo_Global_Management_companies&oldid=978539603, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 15 September 2020, at 14:32. [43], Following the spin-off of Ares in 2002, Apollo developed two new affiliates to continue its investment activities in the capital markets. The Real Assets segment includes investment in real estate equity a Apollo Global Management, Inc. engages in the provision of alternative investment management services. [114], In May 2015, Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion. Novitex is a document-outsourcing provider that manages business-critical services for over 500 companies across 10 industries. Our asset management business provides companies with innovative capital solutions and support to fund their growth and build stronger businesses. Also in 1995, Apollo founding partner Craig Cogut left the firm to found Pegasus Capital Advisors. The company was founded in 1990 and is based in New York, New York. Following the purchase, Apollo ordered a new ship for Regent. [190], In May 2022, Apollo acquired the US asset management business of Griffin Capital. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. [2] Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. Learn about how Apollo Private Equity worked with Sun Country Airlines to grow its business during the most unprecedented time in airline history. Map Of Galilee, And Jerusalem In Jesus Time,
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