The leading provider of capital solutions to companies. [118], In February 2016, Apollo agreed to acquire The ADT Corporation for $6.9 billion. Since 2008, Apollos ESG program has set the standard for ESG reporting within our industry. [129][130][131][132], In June 2017, investment funds managed by Apollo acquired 80.1% of Philips Lumileds division for $1.5 billion. It operates through the following segments: Credit, Private Equity, and Real Assets. EPS and Revenue estimates are for the next 12 months. Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is . Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. Apollo Global Management: A Unique Approach Creates Unique [182], In September 2021, investment funds managed by Apollo acquired 90% of Yahoo!. Our Yield business spans the financing universe across public and private markets, providing innovative lending and capital solutions for growth. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. 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. What we do Apollo Group [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. History tells us that it takes time for monetary policy to work its way through the economy. Apollo Global Management: Leading Alternative Asset Manager | Private The founders of Apollo are Leon Black, Josh Harris, and Mark Rowan. Learn more about our history. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. . Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday . Global Wealth Management Solutions . [32] Among the investments made in Fund V (invested through 2006) were Affinion Group, AMC Entertainment, Berry Plastics, Cablecom, Compass Minerals, General Nutrition Centers (GNC), Goodman Global, Hexion Specialty Chemicals (Borden), Intelsat, Linens 'n Things, Metals USA, Nalco Investment Holdings, Sourcecorp, Spectrasite Communications, and Unity Media. 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. [150], On June 10, 2019, Apollo announced that it would acquire Shutterfly for $2.7 billion, as well as its competitor Snapfish in a separate transaction valued at around $300 million, with District Photo as a minority stakeholder. Apollo and . Disclosure: Apollo Global Management is the parent company of Yahoo Finance. The company was founded by Marc Jeffrey Rowan, Leon David Black, and Joshua Jordan Harris in 1990 and is headquartered in New York, NY. [57] Apollo raised an additional $500 million via private placements in the weeks following that sale. [135][136], In November 2017, Apollo lent $184 million to Kushner Companies to refinance the mortgage on a Chicago skyscraper. U.S. banking system 'is the envy of the world,' Apollo Global [58], In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, a manufacturer of whirlpool baths. In 2011, the Henry's chain was merged with Sprouts Farmers Market, which, like the Henry's markets, had been founded by Henry Boney. [114], In May 2015, Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion. 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. The Asset Management segment focuses on yield, hybrid, and equity investing strategies. Use Forbes logos and quotes in your marketing. [67][68], In April 2007, Apollo acquired Noranda Aluminum, the US aluminum business of Xstrata for $1.15 billion. It was sold in 2011 for $400 million. [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. [109], On March 11, 2013, Apollo Global Management made the only bid for the snacks business of Hostess Brands, including Twinkies, for $410 million. Apollo Global Management | APO Stock Price, Company Overview & News The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. Category:Apollo Global Management companies - Wikipedia Our Standards: The Thomson Reuters Trust Principles. [45] AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies, including public companies. [10], 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. Apollo is a high-growth alternative asset manager. Merx Aviation is a global aircraft leasing, management and finance company based in New York and Dublin. Constellis is a private military contractor that was created as a result of a merger between rival contractors Triple Canopy and Academi in 2014. [63][64][65][66], In March 2007, Apollo announced the $3.1 billion leveraged buyouts of costume jewelry retailer Claire's Stores. Is there any room for doubt? ", "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. We seek to not only preserve capital, but also to generate exceptional returns over the long term. Doubt can be an engine for change and creativity. [112][113], In October 2014, Apollo merged its Endemol television studio with 21st Century Fox's Shine Group. Apollo Commercial Real Estate Finance (NYSE: ARI) MidCap Financial Investment Corp. (NASDAQ: MFIC) Preferred Stockholders. Apollo Global Management (APO) Stock Price Performance, Apollo Global Management (APO) Stock Key Data, Total Enterprise Value to Total Revenue (ttm). In 2008, Claire's experienced financial difficulty amid the slump in consumer spending. Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. Our Equity business is focused on value-oriented opportunities where we can drive financial and operational performance to build stronger companies. Apollo gives customized financing solutions to private middle companies. Apollo Global Management, Inc. 2023 All Rights Reserved. Tronox did not respond to a request for comment. Even with the threat of ransomware, the transition from managing infrastructure to managing data could not have happened at a better time. Leadership & About Apollo Global Management | Apollo Global Management As the United States housing market correction accelerated in 2008, Realogy faced financial pressures due to its debt load. Exclusive news, data and analytics for financial market professionals, Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Krishna Chandra Eluri. [8] It was a Guernsey-domiciled publicly traded, private-equity closed-end, limited partnership, managed by Apollo Alternative Assets, an affiliate of Apollo Management. 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. Our clients rely on our investment acumen to help secure their future. This category has the following 4 subcategories, out of 4 total. [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. Verizon sells Yahoo and AOL businesses to Apollo for $5 billion. The merged company became Endemol Shine Group, with AGM and Fox each owning half of the studio. Apollo Asset Management (NYSE: AAM PrA-B) Athene (NYSE: ATH.PRA-D) Closed-End Funds. Crypto market turmoil and bank failures have sparked a migration of investors from crypto native platforms to futures. [24] Fund III was only an average performer for private-equity funds of its vintage. Apollo Global Management - CB Insights All values as of most recently reported quarter unless otherwise noted. [190], In May 2022, Apollo acquired the US asset management business of Griffin Capital. It is an American Global Investment Management Firm. 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. First Republic Bank is dead! 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). He was replaced as CEO by Marc Rowan. [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. [30] Ares I and II which were raised were structured as market value CLOs. Marks & Spencer acquired by Apollo . [98], On March 29, 2011, Apollo became a public company via an IPO. [85], During the financial crisis of 20072008, several of Apollo's investments came under pressure. The business was rebranded as CEVA in November 2007.
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