[166][167], In September 2020, Apollo entered into a $5.5 billion real-estate investment partnership with the Abu Dhabi National Oil Company (ADNOC). [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. 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. [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. The sources cautioned that there is no certainty that Tronox will agree to any deal. [163][164], In July 2020, Apollo launched a $12 billion platform to make big loans. Insights about top trending companies, startups, investments and M&A activities. 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. Sirius Satellite Radio, University of Phoenix, and Smart and Final are the other companies owned by Apollo. Apollo, BlackRock Backed PNC's Failed Bid for First Republic Marks & Spencer . Apollo Global Management Inc. and BlackRock Inc. were lined up to back PNC Financial Services Group Inc.'s ultimately unsuccessful pursuit of troubled First Republic Bank, according to people . The History of Apollo Global Management - A Timeline | Apollo Global Exclusive news, data and analytics for financial market professionals, Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Krishna Chandra Eluri. ", "Apollo's first-quarter earnings surge on strong fee revenue", "Apollo Raises $1.8 Billion in Push for Big Corporate Loans", "Michaels will be acquired by a private equity firm in a $5 billion deal", "Apollo Announces Completion of the Tender Offer for Shares of The Michaels Companies", "IGT sells Italian gaming businesses to Gamenet for 950 mln euros", "International Game Technology PLC Announces Agreement To Sell Italian B2C Gaming Business For 950 Million In Cash", "Apollo Funds Complete Acquisition of EmployBridge", "A Tax Credit Was Meant to Help Marginalized Workers Get Permanent Jobs. 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. Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday . Angel - Uber), Money Raised: Amount of money raised in Funding Round, Total number of investments made by investors in this hub, Announced Date: Date when the Investment is announced, Investor Name: Name of the investor who participated in the Investment, Funding Round: Name of the funding round where the Investment is made, Number of Investors: Total number of Investors in a Funding Round, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Organization/Person Name: Name of the Organization or Person, Location: Where the organization is headquartered, Investor Type: This describes the type of investor this organization or person is (e.g. Apollo - Investments, Portfolio & Company Exits - CrunchBase 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 . . [22], In April 1993, Apollo Real Estate Investment Fund, L.P., the first in a family of real estate "opportunity funds", was closed with $500 million of investor commitments. Apollo Global Management, Inc. 2023 All Rights Reserved. Our clients rely on our investment acumen to help secure their future. [190], In May 2022, Apollo acquired the US asset management business of Griffin Capital. Apollo Global Management: Leading Alternative Asset Manager | Private Shortly thereafter, Ares completed fundraising for Ares Corporate Opportunities Fund, a special-situations investment fund with $750 million of capital under management. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Apollo declined to comment. [103][104][105], In November 2012, Apollo acquired McGraw-Hill Education for $2.5 billion. Announces Completion Of Merger", "Harrah's Is Said to Be in Talks to Accept $16.7 Billion Buyout", "Apollo finalizes its $1B investment deal for NCL", "Apollo and Star cash out of Norwegian Cruise Line", "Apollo Management LP Acquires Regent Seven Seas Cruises", "Citi Is Said to Be Near Deal to Sell $12.5 Billion of Loans", "Apollo, GSO Debt Funds Have Faced Margin Call Issues", "Forget slowdown, PEs still heading to India", "Apollo Struggles to Keep Debt From Sinking Linens 'n Things", "Linens 'N Things Noteholder Sues Over Losses", "PIK and Roll: Companies Seize On Perks of Loose Lending", "Fourth Apollo Company Flips Its PIK Toggle", "Apollo First-Quarter Profit Rises 76% as Holdings Gain", "Apollo Closes Buyout Fund Near $15 Billion Target", "Liberty Global pays $3 billion cash for Unitymedia", "Apollo to Buy Amusement Park Operator Cedar Fair", "Cedar Fair and Affiliates of Apollo Global Management Mutually Terminate Merger Agreement", "RIO TINTO DIVESTS 61PC INTEREST IN ALCAN ENGINEERED PRODS", "Apollo's upsized IPO raises $565.4 million", "CNBC NEWS RELEASES BREAKING NEWS FROM CNBC'S KATE KELLY: APOLLO PRICING IPO AT $19/SHARE", "Affiliate of Apollo Global Management Completes Acquisition of CKX, Inc", "Private Equity Firms Duel Over Water Park Operator", "Apollo to Acquire Water Park Operator for $703 Million", "Apollo Global Management Announces Successful Completion of Its Acquisition of Great Wolf Resorts", "McGraw-Hill to Sell Education Unit to Apollo for $2.5 Billion", "Pitney Bowes Management Services Becomes Novitex Enterprise Solutions", "Affiliates of Apollo and HGM Agree to Combine Novitex and SourceHOV with Quinpario Acquisition Corp. 2 to Form Exela Technologies, a Public Company in a Transaction Valued at $2.8 Billion", "Leon Black's Apollo Global new owner of Twinkies, other Hostess snack brands", "Equity firm Apollo buys $419.4m (307m) of Irish home loans from Lloyds", "A Private Equity Firm Just Bought Chuck E. Cheese For $950 Million", "21st Century Fox and Apollo Seal Deal to Merge Shine, Endemol and Core", "Exclusive: Centerbridge in $1.35 billion deal for Great Wolf Resorts: sources", "New owner pledges to grow Great Wolf Lodge chain", "OM Group to be taken private by Apollo Global in $1.03 billion deal", "Apollo wins auction for St-Gobain's Verallia", "ADT in $6.9 Billion Deal to Sell Itself to Apollo Buyout Firm", "Apollo Global to Buy Diamond Resorts for $2.2 Billion", "Hilton Grand Vacations Completes Acquisition of Diamond Resorts", "Rackspace to Go Private in $4.3 Billion Deal", "Rackspace Completes Previously Announced Transaction with Affiliates of Funds Affiliated with Apollo Global Management to Become a Private Company", "U.S. defense spending bonanza puts niche acquisitions in play", "Former Blackwater guards sentenced for massacre of unarmed Iraqi civilians", "Blackwater's Descendants Are Doing Just Fine", "Apollo pauses plans to sell security firm Constellis: sources", "Apollo Education to be taken private in $1.1 billion deal", "Investor Consortium Completes Acquisition of Apollo Education Group", "Apollo Doubles Its Money in $1 Billion Bet on Tarnished Colleges", "Apollo Education starts new chapter as private firm", "Philips completes sale of 80.1% interest in Lumileds to funds managed by affiliates of Apollo Global Management", "Philips to Sell Lumileds to Apollo at Discounted $2 Billion", "Apollo Global to buy West Corp for about $2 billion", "West Corporation and Affiliates of Certain Funds Managed by Affiliates of Apollo Global Management Announce the Closing of the Previously Announced Transaction", "Kushner's Family Business Received Loans After White House Meetings", "Kushner's family business got hefty loans from Apollo, Citigroup last year, report says", "Jack in the Box Inc. Completes Sale of Qdoba Restaurant Corporation", "Investor Group Led by Funds Affiliated with Apollo Global Management and Vrde Partners Announce the Closing of the Previously Announced Transaction to Acquire a Significant Position in OneMain Holdings", "Funds Managed by Apollo Global Management to Acquire Approximately $1 Billion Portfolio of Equity Investments from GE Capital's Energy Financial Services", "GE Offloads Portfolio of Energy Investments to Apollo Global", "Apollo is said to be nearing deal for group of Nexstar stations", "Apollo Global Management Acquires Cox's Television Stations Plus Radio & Newspapers In Dayton", "Cox TV Valued At $3.1 Billion In Apollo Acquisition", "It's Official: Cox Radio, Gamut, CoxReps Going To Apollo", "Cox Enterprises buys back Ohio newspapers; 7-day publication continues", "Apollo Global Management Completes Acquisition of Aspen Insurance", "Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion", "Shutterfly strikes take-private deal with Apollo Global, valuing company at $2.7 billion", "Apollo Takes on Wall Street With Massive Newspaper Loan Deal", "Apollo PE takes majority stake in Gamenet Italia", "Apollo Global Management buys 48.67% stake in Italy's Gamenet", "Tech Data acquired in $5.4 billion deal", "Warren Buffett Failed to Spend His $128 Billion Cash Pile in Unusual Bid", "Cox Enterprises Announces Close of Cox Media Group Sale to Affiliates of Apollo Global Management", "Cox Enterprises to Sell Majority Stake in TV Stations to Apollo", "It's Official: Cox Radio, Gamut, CoxReps Going to Apollo", "It's Official: Cox, Apollo Agree to Private Company", "Funds Managed by Affiliates of Apollo Global Management to Acquire Covis Pharma From Cerberus", "Apollo to invest $300m in Irish-domiciled Cimpress", "Apollo Global invests $1.75 billion in U.S. supermarket operator Albertsons", "Albertsons Companies announces $1.75 billion preferred equity investment led by Apollo Global Management", "Apollo Launches Platform to Make Big Loans", "France's Banijay to acquire rival Endemol Shine Group, producer of 'Black Mirror', "Sophie Turner Laing To Leave Endemol Shine Group As Banijay Group Completes $2.2BN Takeover", "UAE oil giant ADNOC signs $5.5 billion real estate deal with Apollo-led consortium", "LendingPoint Closes Up to $110 Million Mezzanine Facility with Midcap Financial Trust and Apollo Investment Corporation", "Hedge fund boss quits over Epstein ties", "Why did Leon Black pay $158m to Jeffrey Epstein? [56] Apollo initially attempted to raise $2.5 billion for the public vehicle, but fell short when it offered the shares in June 2006, raising only $1.5 billion. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. Each of us has benefitted from someone taking a chance on us. The company was founded by Marc . [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 portfolio comprised primarily senior secured loans that had been made to finance leveraged-buyout transactions at the peak of the market. Apollo has made 74 investments. Verso is the second-largest producer for the North American magazine publishing and catalog/commercial print markets. 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. Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. [185][186][187][188][189] The same month, co-founder Josh Harris left the company to focus on other business ventures. They jumped 17% to $24.02 on news of Apollo's acquisition interest. Global Wealth Management Solutions . Apollo and . 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. The 2.10% of Apollo Global Management Inc.'s shares are in the hands of company insiders while institutional holders own 56.10% of the company's shares. Apollo is a very understaffed company with management that is highly demanding and deadline driven. Learn more about our history. As the United States housing market correction accelerated in 2008, Realogy faced financial pressures due to its debt load. Even with the threat of ransomware, the transition from managing infrastructure to managing data could not have happened at a better time. Apollo Global Management, Inc. provides asset management services. Apollo Global Management invests in credit, private equity, and real assets. EPS and Revenue estimates are for the next 12 months. Apollo acquire 50% equity stake in MaxCap | MaxCap Group [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. [7][8], In September 2004, investment funds managed by Apollo and Sterling Partners acquired Connections Academy. Learn how Apollo is helping to drive a more sustainable future by supporting the growth of FlexGen. save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. A regulated futures marketplace provides continuity of risk transfer and price discovery for the crypto industry. This rating has improved by 6% over the last 12 months. 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. [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). Tronox did not disclose whether Quinn was accused of any wrongdoing. [70][71][72][73] In 2013, Apollo sold out of this investment, making a profit of $1.3 billion. RT @BloombergTV: Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is expanding its London o. [148], In February 2019, Apollo acquired Aspen Insurance for $2.6 billion. Serve breakfast, lunch and dinner (if you stay late). [43], Following the spin-off of Ares in 2002, Apollo developed two new affiliates to continue its investment activities in the capital markets. Learn more in the Weekly Brief. [118], In February 2016, Apollo agreed to acquire The ADT Corporation for $6.9 billion. [7][8] AAA's investment portfolio was made up of a mix of private-equity and capital-markets investments. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. [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. Here are some ways to put healthy conflict resolution into practice. [89][90], In December 2008, Apollo completed fundraising for its latest fund, Apollo Investment Fund VII, with roughly $14.7 billion of investor commitments. Tronox in March named its top executives John Romano and Jean-Francois Turgeon as co-chief executives after its previous CEO Jeffry Quinn was referenced, without being mentioned by name, in U.S. Securities and Exchange Commission complaints alleging insider trading at Ferro Corp, another chemicals company where Quinn served as board director. April 26 (Reuters) - Apollo Global Management Inc (APO.N) has launched a $4 billion fund to invest in companies looking to transition to clean energy, the private equity giant said on Wednesday. Since our founding in 1990, we have built a leading global alternative asset management business by staying true to our core principles. | Apollo is a high-growth, global alternative asset manager. [144] However, on February 14, 2019, Cox Media Group announced that it was selling its 14 television stations to Apollo. All Rights Reserved. [58], In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, a manufacturer of whirlpool baths. Our Hybrid business provides companies with flexible equity and debt solutions at scale and invests in all market environments. 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. The Asset Management segment focuses on yield, hybrid, and equity investing strategies. We value creativity and imagination in everything that we do. 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. Apollo's Lottomatica to Take IPO Orders as Soon as This Week Tasnee, through a subsidiary, is now Tronox's biggest shareholder with a 24% stake. [92], In November 2009, Liberty Global acquired Unity Media GMBH; funds managed by Apollo owned a 31% interest. Related by Industry: Diversified Financials. Individual investors have long been told that a diversified portfolio of public equities and bonds is the key to a successful retirement plan. 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. 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). [114], In May 2015, Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion. Following the purchase, Apollo ordered a new ship for Regent. 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. Global PE deals for May 2, 2023 | PitchBook Our Equity business is focused on value-oriented opportunities where we can drive financial and operational performance to build stronger companies. [178][179], In August 2021, Apollo announced the acquisition of the incumbent local exchange carrier operations in 20 states from Lumen Technologies for $7.5 billion, including $1.4 billion of assumed debt. Apollo Global Management, Inc. engages in the provision of alternative investment management services. Apollo has had 32 exits. It is an American Global Investment Management Firm. Apollo Global Management (APO) Scheduled to Post Earnings on Tuesday 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. [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. 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. List of Apollo's 89 Acquisitions, including Sector Financial And Tronox shares were hovering around $20 on Monday morning, prior to Apollo's offer being reported. 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. Apollo Commercial Real Estate Finance (NYSE: ARI) MidCap Financial Investment Corp. (NASDAQ: MFIC) Preferred Stockholders. If you experience conflict in the workplace, youre not alone: As many as 85% of employees experience some kind of conflict.
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