[129][130][131][132], In June 2017, investment funds managed by Apollo acquired 80.1% of Philips Lumileds division for $1.5 billion. [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. As of April 8, 2008, the fund had generated a 54% IRR net of fees. Apollo is a very understaffed company with management that is highly demanding and deadline driven. It is an American Global Investment Management Firm. [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. Tasnee, through a subsidiary, is now Tronox's biggest shareholder with a 24% stake. Our Yield business spans the financing universe across public and private markets, providing innovative lending and capital solutions for growth. Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox, according to the sources, who spoke on condition of anonymity. [170][171][172], In April 2021, Apollo launched Apollo Origination Partnership, a $1.8 billion direct-lending fund seeking unlevered returns of 8-10% and 12-14% leveraged returns. In February 2007, Apollo announced the acquisition of the Smart & Final chain of warehouse-style food and supply stores. [81], In April 2008, Apollo, TPG Capital, and The Blackstone Group acquired $12.5 billion of bank loans from Citigroup. This category has the following 4 subcategories, out of 4 total. Labor Risks. Apollo, which was previously known as Apollo Advisors was founded in 1990. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. We value creativity and imagination in everything that we do. Apollo Group An investment and management group [117], Also in June 2015, Apollo won the bidding during an auction for Saint-Gobain's Verallia glass bottle-manufacturing unit for 2.95 billion. 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. The shares were bought by an Apollo Global Management subsidiary, Tanager Limited. [165] The same month, Apollo and The Walt Disney Company sold Endemol Shine Group to French studio Banijay Group. [46], In 2005, Apollo formed Hexion Specialty Chemicals through the merger of Borden, Inc., Resolution Performance Products LLC, and Resolution Specialty Materials, LLC, and the acquisition of Bakelite AG. Leaders are expected to be confident. 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]! [118], In February 2016, Apollo agreed to acquire The ADT Corporation for $6.9 billion. [147] On February 10, 2020, Cox Enterprises bought back the Ohio newspapers it sold to AGM. List of top Apollo Portfolio Companies - Crunchbase Hub Profile Apollo Global Management, Inc. | LinkedIn We invest across Yield, Hybrid, and Equity markets, seeking to generate excess returns for our clients across the full risk-reward spectrum. Apollo Global Management - Wikipedia Apollo Global Management, Inc. | 230,204 followers on LinkedIn. The fund, ACT Capital, is part of the $50 billion sustainable investment target Apollo set for itself last year. Apollo Global Management, Inc. 2023 All Rights Reserved. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. [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. [51][52], In June 2006, Apollo and Graham Partners announced the acquisition of Berry Plastics, a maker of plastic containers, for $2.25 billion from Goldman Sachs Capital Partners and JPMorgan Partners. Apollo . [120] It was sold to Hilton Worldwide in August 2021. [94][95] In April 2010, the deal was terminated due to poor shareholder response. Apollo, BlackRock Backed PNC's Failed Bid for First Republic [112][113], In October 2014, Apollo merged its Endemol television studio with 21st Century Fox's Shine Group. Colorful THG founder Matt Moulding confirmed this morning, just a day before the company announces its results, that THG had received a bid from private equity giant Apollo Global Management. Everton's former director of football has spoken about what happened behind the scenes during his time at the club. [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. While remote work has its challenges, it can become a source of employee engagement. Middle managers play an essential role in the freelance revolution. Tronox was spun out of Kerr-McGee Corp in 2005, and in 2019 it acquired the titanium dioxide business of Saudi Arabia's National Titanium Dioxide Company Ltd from Saudi Arabia's Tasnee. Tronox did not disclose whether Quinn was accused of any wrongdoing. Here are six things that highlight how you should behave as a leader given these post-pandemic realities. 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 's most notable exits include Western Digital , Airbnb . 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. [80], In February 2008, Apollo acquired Regent Seven Seas Cruises from Carlson Companies for $1 billion. Our clients rely on our investment acumen to help secure their future. [99][100][101], In March 2012, Apollo acquired the unprofitable Great Wolf Resorts for $703 million. [59], In 2006, Apollo acquired International Paper's coated paper and supercalendered paper business for $1.4 billion, renaming the business Verso Paper. [63][64][65][66], In March 2007, Apollo announced the $3.1 billion leveraged buyouts of costume jewelry retailer Claire's Stores. [137][138], In March 2018, Apollo acquired Mexican-style restaurant chain Qdoba from Jack in the Box. Working at Apollo Global Management | Glassdoor 1990. Merx Aviation is a global aircraft leasing, management and finance company based in New York and Dublin. The . Apollo Senior Floating Rate Fund (NYSE: AFT) Apollo Tactical Income Fund . Among Apollo's most notable investments during this period were Harrah's Entertainment, a gaming and casino company; Norwegian Cruise Line, a cruise line operator; Claire's Stores, a retailer of costume jewelry; and Realogy, a real-estate franchisor. What's the most common final funding type when companies get acquired? Apollo is accelerating growth for companies leading today's most ambitious renewable energy projects. Business data for Apollo Global Management, LLC: This page was last edited on 21 April 2023, at 19:40. START FREE TRIAL [6] Among the most notable companies in which funds managed by the company have invested are ADT Inc., Barnes & Noble, CareerBuilder, Cox Media Group, Intrado, Legendary Entertainment, Rackspace, Redbox, Shutterfly, Sirius Satellite Radio, Qdoba, Smart & Final, University of Phoenix, and Yahoo Inc. Apollo Global Management, Inc. engages in the provision of alternative investment management services. 1991. Tronox has hired advisers to consider the bid and has yet to decide on its next steps, the sources added. Yahoo Inc. mainly focuses on media and online businesses. Global PE deals for May 2, 2023 | PitchBook Photobooks, prints, Personalized Cards, Gifts, and many more. We cultivate an entrepreneurial and collaborative culture that has driven our success while maintaining humility and a growth mindset in how we scale and evolve the firm. . See here for a complete list of exchanges and delays. Despite mounting climate disasters, companies slow to heed U.N. call to fund adaptation, How Martijn Wilder is seeding fresh climate solutions at Pollination, Bluer horizons: Putting coastal communities before carbon markets, IBM to pause hiring in plan to replace 7,800 jobs with AI - Bloomberg News, Factbox: Long-serving Qantas executive Vanessa Hudson named as next CEO, American Airlines pilots authorize a strike mandate, Qantas picks first female CEO as Alan Joyce prepares to depart. 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. Working at Apollo Global Management: 17 Reviews - Indeed How are IPOs trending over time in this hub? notable investors of these companies, their management team, and recent news are also included. Since 2008, Apollos ESG program has set the standard for ESG reporting within our industry. My passion is personal finance and financial advising. [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. All quotes delayed a minimum of 15 minutes. Disclosure: Apollo Global Management is the parent company of Yahoo Finance. Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. See here for a complete list of exchanges and delays. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. Our breadth and scale enable us to deliver capital for even the largest projects and our small firm mindset ensures we will be a thoughtful and dedicated partner to these organizations. [145] In March 2019 filings with the Federal Communications Commission (FCC), Apollo disclosed that, through the newly formed Terrier Media, the Cox stations would be acquired for $3.1 billion (to be reduced by the value of a minority equity stake in Terrier that will be retained by Cox Enterprises); Terrier will also concurrently acquire Northwest Broadcasting, giving the company 25 television stations. [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]. Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. Apollo Group has then guided these projects through exploration, feasibility and development phases by ensuring they have the necessary management and . [84], In July 2008, the company closed a $758 million value-add fund. Following Recent Acquisitions, Private Equity Firm Apollo Ranks Among Video Transcript. Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday . Although the founders of Ares had completed a corporate spin-off with the formation of the firm in 1997, they had initially maintained a close relationship with Apollo and operated as the West Coast affiliate of Apollo. EPS and Revenue estimates are for the next 12 months. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Apollo Global Management, Inc. 2023 All Rights Reserved. Crypto market turmoil and bank failures have sparked a migration of investors from crypto native platforms to futures. [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. 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. Even with the threat of ransomware, the transition from managing infrastructure to managing data could not have happened at a better time. Other founding partners included Michael Gross and Antony Ressler, who worked as a senior vice president in Drexel's high-yield department. Since inception, Pegasus has raised $1.8 billion in four private-equity funds focused on investments in middle-market companies in financial distress. 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. Cox Enterprises along with Apollo Global Management maintains about 29% minority skate in the company. Insights about top trending companies, startups, investments and M&A activities. [58], In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, a manufacturer of whirlpool baths. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a . Company. What we do Apollo Group At Apollo, we have built out an entire ecosystem around empowering retirees. Is Apollo Global Management Inc. (NYSE:APO) Predicted To Soar? Here are some ways to put healthy conflict resolution into practice. Apollo - Investments, Portfolio & Company Exits - CrunchBase [190], In May 2022, Apollo acquired the US asset management business of Griffin Capital. My goal is to provide practical advice and insights to help my readers make informed financial decisions and achieve their financial goals. 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. Instead It's Subsidizing Temp Work", "Lumen to sell much of its U.S. telecom assets to Apollo for $7.5 billion", "Lumen to sell local incumbent carrier operations in 20 states to Apollo Funds for $7.5 billion", "Apollo seeks $500 million fund to invest in SPACs -sources", "Apollo Funds Complete Acquisition of Yahoo", "Apollo Completes Merger with Athene and Finalizes Key Governance Enhancements", "Apollo Reabsorbs Athene in All-Stock Deal That Values Firm at $11 Billion", "Apollo Global to buy annuities provider Athene in $11 billion deal", "Apollo's merger with Athene highlights PE's rush for permanent capital", "Apollo and Athene to Merge in All-Stock Transaction", "Inside billionaire Josh Harris' final years at Apollo, where former employees said his personal investments caused tensions", "Apollo Completes Acquisition of Griffin Capital", "Apollo completes acquisition of Griffin Capital's US asset management business", "Lake Forest-based Tenneco being taken private in $7.1 billion deal", "Tony's Fresh Market acquired by New York-based Apollo Global Management", "Miller Homes to target sterling-heavy bonds for Apollo takeover", "Apollo raises $24.6 billion for largest private equity fund ever", https://en.wikipedia.org/w/index.php?title=Apollo_Global_Management&oldid=1151081357. Apollo has made 3 diversity investments. [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. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. Apollo Global Management Company History Timeline. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. [57] Apollo raised an additional $500 million via private placements in the weeks following that sale. 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. [144] However, on February 14, 2019, Cox Media Group announced that it was selling its 14 television stations to Apollo. All quotes delayed a minimum of 15 minutes. [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. ACT Capital, Apollo Global Management, Inc. (NYSE: APO), Apollo Commercial Real Estate Finance (NYSE: ARI), MidCap Financial Investment Corp. (NASDAQ: MFIC), Apollo Asset Management (NYSE: AAM PrA-B), Apollo Senior Floating Rate Fund (NYSE: AFT). 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 . Apollo Global Management: A Unique Approach Creates Unique [163][164], In July 2020, Apollo launched a $12 billion platform to make big loans. Apollo has made 74 investments. Type: Company - Public (APO) Industry: Investment & Asset Management. Eliant is providing flexible capital solutions for an ever-changing world by helping companies optimize their supply chains. [110], In December 2013, Apollo bought a portfolio of Irish home loans from Lloyds Bank for 307 million, less than half their face value. He is currently a Director of several listed companies that operate in the resources sector, including Prairie Mining Limited, Equatorial Resources Limited . We work every day to earn the trust of our stakeholders by being a fair, ethical, and responsible partner. How much aggregate funding have these organizations raised over time? [69], In April 2007, Apollo acquired Realogy, a franchisor that owns Coldwell Banker, Century 21, and Sotheby's International Realty, for $8.5 billion. Also in 1995, Apollo founding partner Craig Cogut left the firm to found Pegasus Capital Advisors. What Companies Does Apollo Global Management Own In 2023 - DATAROMA The merged company became Endemol Shine Group, with AGM and Fox each owning half of the studio. by Ethan Miller March 21, 2023, 8:10 pm. Tronox makes titanium dioxide pigment and other chemicals used to add brightness and durability to paints, plastics and paper. The following 36 pages are in this category, out of 36 total. [103][104][105], In November 2012, Apollo acquired McGraw-Hill Education for $2.5 billion. It operates through the following segments: Credit, Private Equity, and Real Assets. KKR (Kohlberg Kravis Roberts) is an investment firm that offers alternative asset management as well as capital markets and insurance solutions. [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. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. First Republic's failure 'totally predictable' says Apollo CEO Rowan save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. [148], In February 2019, Apollo acquired Aspen Insurance for $2.6 billion. Founded in 1990, Apollo Global Management is a private equity and investment management firm headquartered in New York City, New York. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. It was liquidated in 2020. 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. [91] Apollo had been targeting $15 billion, but had been in fundraising for more than 16 months, with the bulk of the capital raised in 2007. While that held true for a long timethe mantra is now being challenged. The portfolio comprised primarily senior secured loans that had been made to finance leveraged-buyout transactions at the peak of the market. Create Comparison. Watch Apollo CEO Marc Rowan and Lead Portfolio Manager Matt OMara discuss how alternatives might help address the challenges faced today by investors in public markets. Apollo Global Management invests in credit, private equity, and real assets. Serve breakfast, lunch and dinner (if you stay late). Bain Capital is considering a competing offer to Silver Lake's $2.4 billion acquisition deal for Germany's Software AG, Bloomberg reported. 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. [77][78], In January 2008, Apollo invested $1 billion in Norwegian Cruise Line to support a recapitalization of the company's balance sheet. Apollo, which was previously known as Apollo Advisors was founded in 1990. That firm was then owned and controlled by its remaining principals, including William Mack, Lee Neibart, William Benjamin, John Jacobsson, Stuart Koenig, and Richard Mack. [183][184], In January 2022, Apollo acquired Athene, a retirement services business. 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. Use Forbes logos and quotes in your marketing. [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. [20] One of Apollo's earliest and most successful deals involved the acquisition of Executive Life Insurance Company's bond portfolio. The founders of Apollo are Leon Black, Josh Harris, and Mark Rowan. Category:Apollo Global Management companies - Wikipedia [96][97], In January 2011, Apollo acquired 51% of Alcan Engineered Products from Rio Tinto Group. In addition to its private funds, Apollo operates Apollo Investment Corporation (AIC), a US-domiciled publicly traded, private-equity, closed-end fund and business development company. [30] Ares I and II which were raised were structured as market value CLOs. As the United States housing market correction accelerated in 2008, Realogy faced financial pressures due to its debt load. What's the investment trend over time for this hub? Apollo Global Management: Leading Alternative Asset Manager | Private Insights about top trending companies, startups, investments and M&A activities, Apollo has had 32 exits. Working at Apollo Global Management | Glassdoor [67][68], In April 2007, Apollo acquired Noranda Aluminum, the US aluminum business of Xstrata for $1.15 billion. 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. [155][156], In December 2019, investment funds managed by Apollo acquired Cox Media Group for $3 billion, acquiring Cox's 13 television stations, 54 radio stations, three newspapers, national television advertising business CoxReps, and local OTT advertising business Gamut. [53], In June 2006, Apollo acquired Momentive Performance Materials, General Electric's Advanced Materials (Silicones & Quartz) business for approximately $3.8 billion. Leadership & About Apollo Global Management | Apollo Global Management Learn more about our history. We seek to provide our clients excess return at every point along the risk . [57][8][76], In January 2008, Apollo and TPG Capital acquired Harrah's Entertainment for $27.4 billion, including the assumption of existing debt. We seek diverse perspectives, prize authenticity, and foster a sense of belonging in our culture. APO: Apollo Global Management Inc Stock Price Quote - Bloomberg Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. 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 . [citation needed], At the time of Apollo's founding, little financing was available for new leveraged buyouts and Apollo turned, instead, to a strategy of distressed-to-control takeovers. Opening of LNG import terminal including Floating Storage and Regasification Unit (FSRU) signals a significant step in Europes energy independence Were driven to outperform so retirees can dream big. From PBMS, Apollo formed Novitex Enterprise Solutions. [123][124], In 2016, investment funds managed by Apollo acquired Constellis for $1 billion. 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. 52 Jobs. [55], In August 2006, Apollo launched a $2 billion vehicle in Europe, AP Alternative Assets. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. [74], In May 2007, Apollo acquired Countrywide plc, a provider of residential property-related services in the UK, formerly known as Hambro Countrywide (1988) and Countrywide Assured Group (1998) for $1.05 billion (not related to Countrywide Financial).

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