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. #1-Ranked Industry Analyst Patrick Moorhead dives into Dell' APEX Managed Device Services for flexible IT device management. Our clients rely on our investment acumen to help secure their future. Our business exists to serve these stakeholders including our limited partners, policyholders, regulators, portfolio companies, shareholders, employees, and communities. Apollo Global Management Company Profile . Since its inception in 1990, Apollo has raised nine private equity funds, as follows: "Apollo Global Management, Inc. 2022 Form 10-K Annual Report", "Leon Black Leaves Apollo Sooner Than Expected", "Apollo's Josh Harris Talks Private Markets at Delivering Alpha", "Apollo's Marc Rowan Gives Wharton $50 Million for Professorships", "Apollo Global Management Investor Presentation", "Private Firms Use Closed-End Funds To Tap the Market", "Equity Firm Is Seen Ready to Sell a Stake to Investors", "Ex-Drexel Executives Arrange Aid for Fruit of the Loom", "The High Yield Bond Market: A Decade Of Assessment, Comparing 1990 With 2000", "Corporate Bond Defaults Up Sharply in '89", "Company News; Walter Industries' Bondholders in Accord", "Settlement For Walter Industries And Creditors", "E-II Revamps Debt Plan To Offset Offer by Icahn", "Washington Hopes 'Vulture' Investors Will Buy Bad Assets", "European Group Pressing Its Offer for Executive Life", "He Made Real Estate a Science: William L. Mack, W'61", Wharton School of the University of Pennsylvania, "DISCLOSURE STATEMENT WITH RESPECT TO THIRD AMENDED JOINT PLAN OF REORGANIZATION OF LEVITZ FURNITURE INCORPORATED AND ITS SUBSIDIARIES UNDER CHAPTER 11 OF THE BANKRUPTCY CODE", "HFS-Apollo in Real Estate Brokerage Venture", "Pillowtex to Acquire Fieldcrest for $400 Million", "Ares Management to Take New Fund Public", "A trash hauler is buying a much bigger rival, a type of deal that makes Wall Street a bit nervous", "For a Theater Chain, A Revival May Be Near", "Apollo Takes 20% Stake In Berlitz For $100 Million", "Apollo Affiliate Is Acquiring Clark's Store Operations", "Apollo Management Invests in Company That Is to Buy Firms That Counsel Rich", "Neptune Orient To Sell North American Train Network", "Corrected: For Sirius XM, small investors want bigger windfall", "Wyndham Receives $1 Billion From Investor Group", "Ares Management to Buy AREA Property Partners", "Private equity: the generational feud that rocked Apollo", "Apollo Global Management and Sterling Partners Acquires Connections Academy", "Manufacturer of Chemicals Agrees to Bid From Apollo", "In Private Equity, the Limits of Apollo's Power", "Apollo Management to Buy Rexnord in $1.83 Billion Deal", "South Korean companies complete acquisition of Momentive", "Opening Private Equity's Door, at Least a Crack, to Public Investors", "Apollo chief says sold nine percent of firm to Abu Dhabi", "AP Alternative Assets, L.P. 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. Hear more At Apollo, we aim to integrate sustainability into everything we do. 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. [142][143], In February 2019, AGM was in talks to buy Nexstar Media Group for over $1 billion. [47][48], Between 2005 and 2007, the private-equity market was booming, with new "largest buyout" records set and surpassed several times in an 18-month window. Lion Advisors (or Lion Capital) was founded in 1990 to provide investment services to Credit Lyonnais and foreign institutions, seeking to profit from depressed prices in the high yield market. [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. [94][95] In April 2010, the deal was terminated due to poor shareholder response. We must never lose our focus and determination to be the best investors and most trusted partners on their behalf. [7][8] AAA's investment portfolio was made up of a mix of private-equity and capital-markets investments. Apollo Group has then guided these projects through exploration, feasibility and development phases by ensuring they have the necessary management and . 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. Apollo Global Management is a global asset management firm that specializes in credit-oriented capital and real estate markets. The FCC required Apollo to reduce the daily newspapers to three days or sell them. What's the most common types of sub-organization? Yahoo Inc. is an American multinational Technology Company. 68% of employees would recommend working at Apollo Global Management to a friend and 75% have a positive outlook for the business. 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), At the Forefront of Democratizing Finance, Apollo Hybrid Value on the Launch, Growth and Sale of Blume Global, Apollo Leads Largest-Ever Music ABS Transaction for Concord, Sun Country Airlines: Cleared for Take Off, Energos Infrastructure Supports EU Energy Security, FlexGen: Enabling Today's Energy Transition. Apollo Senior Floating Rate Fund (NYSE: AFT) Apollo Tactical Income Fund . Description. 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. 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. [161], In April 2020, AGM announced that it would invest $300 million in Cimpress, an Irish-domiciled printing group that owns Vistaprint. BRIAN SOZZI: Lots to talk about on the future of Apollo. See Details of The sources cautioned that there is no certainty that Tronox will agree to any deal. See here for a complete list of exchanges and delays. In 2011, the Henry's chain was merged with Sprouts Farmers Market, which, like the Henry's markets, had been founded by Henry Boney. At Apollo, we have built out an entire ecosystem around empowering retirees. notable investors of these companies, their management team, and recent news are also included. Tronox has hired advisers to consider the bid and has yet to decide on its next steps, the sources added. This article explains how to leverage it. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. [82][83], In April 2008, Apollo filed a Form S-1 with the U.S. Securities and Exchange Commission in preparation for an IPO on the New York Stock Exchange. The merged company became Endemol Shine Group, with AGM and Fox each owning half of the studio. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Type: Company - Public (APO) Industry: Investment & Asset Management. In the last year and a half, Apollo Global Management has almost doubled the total number of employees at companies it owns, growing from about 290,000 employees to over 550,000. Tasnee, through a subsidiary, is now Tronox's biggest shareholder with a 24% stake. Also in 1995, Apollo founding partner Craig Cogut left the firm to found Pegasus Capital Advisors. Category for portfolio companies of the private equity investment firm: 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. The industry leader for online information for tax, accounting and finance professionals. Our retirement services business, Athene, provides a suite of retirement savings products to help clients achieve financial security. 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. 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 beat profit expectations in its first results since its merger with life insurance company Athene in January, a deal that dramatically transformed the private equity giant . The shares were bought by an Apollo Global Management subsidiary, Tanager Limited. [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. See here for a complete list of exchanges and delays. 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 acquired several large portfolios of assets from the U.S. government's Resolution Trust Corporation. 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. Apollo is a high-growth alternative asset manager. [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. Apollo Group and the companies it manages have had considerable success in identifying and acquiring world class projects in commodities such as gold, coal, uranium, iron ore, and base metals. In April 2001, Apollo raised Apollo Investment Fund V with $3.7 billion of investor commitments. [190], In May 2022, Apollo acquired the US asset management business of Griffin Capital. [85], During the financial crisis of 20072008, several of Apollo's investments came under pressure. [174][175], In May 2021, Apollo's Gamenet acquired the Italian gaming businesses of International Game Technology for 950 million. AAA was formed to invest alongside Apollo's main private-equity funds and hedge funds. Founded in 1990, Apollo Global Management is a private equity and investment management firm headquartered in New York City, New York. The industry leader for online information for tax, accounting and finance professionals. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. [98], On March 29, 2011, Apollo became a public company via an IPO. [58], In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, a manufacturer of whirlpool baths. Intrado became a part of Apollo Global Management in 2017. . It also serves retirement income and financial solutions to its clients. [185][186][187][188][189] The same month, co-founder Josh Harris left the company to focus on other business ventures. What's the investment trend over time for this hub? Exclusive news, data and analytics for financial market professionals, Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Krishna Chandra Eluri. The . In 2002, Ares completed a corporate spin-off from Apollo management. Following the purchase, Apollo ordered a new ship for Regent. We believe that mastering how to invest in Alternatives is more important today than ever. The leading provider of capital solutions to companies. Language links are at the top of the page across from the title. [44], Also in 2008, Apollo opened an office in India, its first office in Asia. Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. Since inception, Pegasus has raised $1.8 billion in four private-equity funds focused on investments in middle-market companies in financial distress. The Amazing Ways Expedia Is Using ChatGPT To Simplify Travel Arrangements, Huge growth and ethical concerns make Airbnb users think again, Norwegian Cruise lifts profit forecast on higher ticket prices, steady demand, Norwegian Cruise Line Q1 Earnings Breezes Past Expectations, US Stocks Rise; Norwegian Cruise Line Posts Q1 Results, Intel, Saia, Charter Communications And Other Big Stocks Moving Higher On Friday, Charter Communications lifts Q1 revenue over 3%, EBITDA up nearly 3%, Hamilton County mulls taxing Airbnb, short-term rental housing, Why Charter Communications Shares Are Trading Higher Today, Airbnb let its workers live and work anywhere. 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. 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 (formerly known as Tango Holdings) is an alternative asset management company. It operates through the following segments: Credit, Private Equity, and Real Assets. 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. It is an American Global Investment Management Firm. The company was founded by Marc Jeffrey Rowan, Leon David Black, and Joshua Jordan Harris in 1990 and is headquartered in New York, NY. How much aggregate funding have these organizations raised over time? [30][31], In 1998, during the dot-com bubble, Apollo raised Apollo Investment Fund IV with $3.6 billion of investor commitments. [114], In May 2015, Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion. 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. . [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. We work every day to earn the trust of our stakeholders by being a fair, ethical, and responsible partner. The COVID-19 pandemic weighed on demand for many of Tronox's products, but the company has said its core markets are recovering as the world's major economies bounce back. [57] Apollo raised an additional $500 million via private placements in the weeks following that sale. Marks & Spencer . What's the most common final funding type when companies get acquired? Apollo Global Management, Inc. provides asset management services. The leading provider of retirement income solutions to institutions, companies, and individuals. Apollo Global Management, Inc. 2023 All Rights Reserved. [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. Insights about top trending companies, startups, investments and M&A activities, Learn about how Apollo Private Equity worked with Sun Country Airlines to grow its business during the most unprecedented time in airline history. [137][138], In March 2018, Apollo acquired Mexican-style restaurant chain Qdoba from Jack in the Box. [169], In March 2021, Leon Black resigned as CEO and chairman after revelations that he paid Jeffrey Epstein $158 million for personal tax-related advice between 2012 and 2017. Private Equity Round - The North Road Company, Motive Ventures acquired by Motive Partners, EnVen Energy Corporation acquired by Talos Energy, Windsor Mold acquired by ABC Technologies, MIDEO acquired by US Acute Care Solutions, Investor, Startup, Company or School that the hub is based on, Total number of organizations associated with this hub, Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of founders of organizations in the hub, Average date the Organization was founded, Percentage of organizations in this hub that have been acquired, Percentage of organizations that have gone public with an IPO, Total number of for-profit companies in this hub, Top 5 investor types represented in this hub, Last Funding Round type of organizations in the hub (e.g. We are committed to helping them build stronger businesses. [115][116], In June 2015, Apollo agreed to acquire OM Group for $1.03 billion. Apollo Global Management invests in credit, private equity, and real assets. Apollo Global Management, Inc. is an American global private equity firm. [77][78], In January 2008, Apollo invested $1 billion in Norwegian Cruise Line to support a recapitalization of the company's balance sheet. [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. Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. [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. All quotes delayed a minimum of 15 minutes. Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. [75], In November 2007, the company sold 9% of itself to the Abu Dhabi Investment Authority. Stock analysis for Apollo Global Management Inc (APO:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Management speaks about work life balance all the time but keeps a very lean accounting/finance group that is often working well past 9 PM nearly all year long. . In 2008, Claire's experienced financial difficulty amid the slump in consumer spending. Apollo's 2005 investment in the struggling US retailer Linens 'n Things suffered from a significant debt burden and softening consumer demand. Nov 23, 2021 . Apollo is a high-growth, global alternative asset manager. Learn We pursue investment excellence through the tenacity, passion, and integrity of our people. [63][64][65][66], In March 2007, Apollo announced the $3.1 billion leveraged buyouts of costume jewelry retailer Claire's Stores. Apollo has had 32 exits. Novitex is a document-outsourcing provider that manages business-critical services for over 500 companies across 10 industries. 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. by Ethan Miller March 21, 2023, 8:10 pm. It was started in 2017 and is present till now. Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox, according to the sources, who spoke on condition of anonymity. Category for portfolio companies of the private equity investment firm: Apollo Global Management.[1]. They jumped 17% to $24.02 on news of Apollo's acquisition interest. [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. Apollo Global Management, Inc. engages in the provision of alternative investment management services. This rating has improved by 6% over the last 12 months. [135][136], In November 2017, Apollo lent $184 million to Kushner Companies to refinance the mortgage on a Chicago skyscraper. 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. [1] Funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees.[5]. [99][100][101], In March 2012, Apollo acquired the unprofitable Great Wolf Resorts for $703 million. [79] In December 2018, Apollo cashed out of this investment. Apollo Global Management (formerly known as Tango Holdings) is an alternative asset management company. [149], On April 16, 2019, Apollo announced that it would once again acquire Smart & Final for $1.1 billion. NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced the formation of Apollo Clean Transition Capital (ACT Capital), an investment strategy that intends to redefine the capital market for climate solutions. 2023 Forbes Media LLC. Apollo Private Equity Funds supported the transformation of McGraw Hill into a leader in the Ed Tech sector with a digital-first approach. It operates through the following segments: Credit, Private Equity, and Real Assets. In May 2008, Linens filed for bankruptcy protection, costing Apollo all of its $365 million investment in the company. EPS and Revenue estimates are for the next 12 months. [120] It was sold to Hilton Worldwide in August 2021. [133][134], In October 2017, Apollo acquired West Corp for about $2 billion. Apollo is a very understaffed company with management that is highly demanding and deadline driven. Apollo Global Management, Inc. | 230,204 followers on LinkedIn. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. Apollo Group has earned a reputation in the global resources sector for identifying, funding and developing world class projects. Serve breakfast, lunch and dinner (if you stay late). [103][104][105], In November 2012, Apollo acquired McGraw-Hill Education for $2.5 billion. We invest across Yield, Hybrid, and Equity markets, seeking to generate excess returns for our clients across the full risk-reward spectrum. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. We have a value-oriented approach across private equity, credit, and real estate. [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]. [166][167], In September 2020, Apollo entered into a $5.5 billion real-estate investment partnership with the Abu Dhabi National Oil Company (ADNOC). Our Yield business spans the financing universe across public and private markets, providing innovative lending and capital solutions for growth. Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. [118], In February 2016, Apollo agreed to acquire The ADT Corporation for $6.9 billion. Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. The founders of Apollo are Leon Black, Josh Harris, and Mark Rowan. [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. [123][124], In 2016, investment funds managed by Apollo acquired Constellis for $1 billion. Middle managers play an essential role in the freelance revolution. 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. This category has the following 4 subcategories, out of 4 total. Leaders are expected to be confident. The fund, ACT Capital, is part of the $50 billion sustainable investment target Apollo set for itself last year. Learn how Apollo's Private Equity platform helps companies across our portfolio create long-term sustainable value. [13] In 1992, Lion entered into a more formal arrangement to manage the $3 billion high-yield portfolio for Credit Lyonnais which together with a consortium of other international investors provided the capital for Lion's investment activities. In February 2007, Apollo announced the acquisition of the Smart & Final chain of warehouse-style food and supply stores. Video Transcript. 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. [182], In September 2021, investment funds managed by Apollo acquired 90% of Yahoo!.
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