Our Equity business is focused on value-oriented opportunities where we can drive financial and operational performance to build stronger companies. [168], In March 2021, Apollo Investment Corporation closed a $110 million mezzanine credit facility between LendingPoint and MidCap Financial Trust. Working at Apollo Global Management | Glassdoor Learn more about our history. 1991. Leaders are expected to be confident. Several private equity firms have been raising billions of dollars to expand their footprint in the clean energy space, amid calls for more companies to transition away from fossil fuels. The founders of Apollo are Leon Black, Josh Harris, and Mark Rowan. In February 2007, Apollo announced the acquisition of the Smart & Final chain of warehouse-style food and supply stores. A regulated futures marketplace provides continuity of risk transfer and price discovery for the crypto industry. Individual investors have long been told that a diversified portfolio of public equities and bonds is the key to a successful retirement plan. 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. Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. [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. Canada's Brookfield Asset Management (BAM.TO) raised $15 billion last year for it first impact fund focused on energy transition. 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. While remote work has its challenges, it can become a source of employee engagement. 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. What we do Apollo Group Aug 28, 2018 . Apollo, which was previously known as Apollo Advisors was founded in 1990. [185][186][187][188][189] The same month, co-founder Josh Harris left the company to focus on other business ventures. Serve breakfast, lunch and dinner (if you stay late). Following Recent Acquisitions, Private Equity Firm Apollo Ranks Among [111], In January 2014, Apollo acquired Chuck E. Cheese's for about $1 billion. [148], In February 2019, Apollo acquired Aspen Insurance for $2.6 billion. Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") is one of the world's leading alternative investment managers. [165] The same month, Apollo and The Walt Disney Company sold Endemol Shine Group to French studio Banijay Group. [49] Although Apollo was involved in a number of notable and large buyouts, the firm avoided the very largest transactions during the time. This article explains how to leverage it. AAA was formed to invest alongside Apollo's main private-equity funds and hedge funds. Category for portfolio companies of the private equity investment firm: Apollo Global Management.[1]. Market sentiment can change on a dime and prices can move quickly, especially in emerging markets (EM). Apollo Global Management, Inc provides asset management services. 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. 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. [173] The same month, funds managed by Apollo acquired The Michaels Companies, parent of Michaels. At Apollo, we have built out an entire ecosystem around empowering retirees. Apollo is a very understaffed company with management that is highly demanding and deadline driven. [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. 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). [120] It was sold to Hilton Worldwide in August 2021. Monetary Policy Timing, See Details of Working at Apollo Global Management | Glassdoor Stock analysis for Apollo Global Management Inc (APO:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. [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. by Ethan Miller March 21, 2023, 8:10 pm. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. [139][140], In June 2018, funds managed by Apollo and Vrde Partners acquired a majority of OneMain Financial. [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. APO: Apollo Global Management Inc Stock Price Quote - Bloomberg 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. We are committed to helping them build stronger businesses. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. Apollo Global Management, Inc. | LinkedIn [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. The company was founded by Marc Jeffrey Rowan, Leon David Black, and Joshua Jordan Harris in 1990 and is headquartered in New York, NY. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Learn We pursue investment excellence through the tenacity, passion, and integrity of our people. Exclusive news, data and analytics for financial market professionals, Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Krishna Chandra Eluri. Learn how we partner with companies and investors to drive global change. Doubt can be an engine for change and creativity. [32] Among the investments made in Fund IV (invested through 2001) were: Allied Waste Industries,[33] AMC Entertainment,[34] Berlitz International,[35] Clark Retail Enterprises,[36] Corporate Express (Buhrmann), Encompass Services Corporation, National Financial Partners,[37] Pacer International,[38] Rent-A-Center, Resolution Performance Products, Resolution Specialty Materials, Sirius Satellite Radio,[39] SkyTerra Communications, United Rentals, and Wyndham Worldwide.[40]. [77][78], In January 2008, Apollo invested $1 billion in Norwegian Cruise Line to support a recapitalization of the company's balance sheet. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Apollo has made 3 diversity investments. 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. 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. 68% of employees would recommend working at Apollo Global Management to a friend and 75% have a positive outlook for the business. [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. [70][71][72][73] In 2013, Apollo sold out of this investment, making a profit of $1.3 billion. They jumped 17% to $24.02 on news of Apollo's acquisition interest. About Apollo Global Management. Since inception, Pegasus has raised $1.8 billion in four private-equity funds focused on investments in middle-market companies in financial distress. 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. 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. [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. [129][130][131][132], In June 2017, investment funds managed by Apollo acquired 80.1% of Philips Lumileds division for $1.5 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. [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. Category for portfolio companies of the private equity investment firm: Apollo Global Management. [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. Ares III-Ares X were structured as cash flow CLOs. In 2011, the Henry's chain was merged with Sprouts Farmers Market, which, like the Henry's markets, had been founded by Henry Boney. Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. [133][134], In October 2017, Apollo acquired West Corp for about $2 billion. [55], In August 2006, Apollo launched a $2 billion vehicle in Europe, AP Alternative Assets. [21], In 1993, Apollo Real Estate Advisers was founded in collaboration with William Mack to seek opportunities in the U.S. property markets. Global Wealth Management Solutions . Foreign banks are not allowed to own California insurance companies. [157][158][159][160], In February 2020, investment funds managed by Apollo acquired Covis from Cerberus Capital Management. [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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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The reskilling challenge: How can we leave no one behind in the energy transition? We have a value-oriented approach across private equity, credit, and real estate. Tronox has hired advisers to consider the bid and has yet to decide on its next steps, the sources added. Disclosure: Apollo Global Management is the parent company of Yahoo Finance. 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. It is an American Global Investment Management Firm. Apollo Group is an investment and management group. [180][181] The same month, Apollo launched a $500 million fund to invest in SPACs. [45] AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies, including public companies. 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. [142][143], In February 2019, AGM was in talks to buy Nexstar Media Group for over $1 billion. In April 2001, Apollo raised Apollo Investment Fund V with $3.7 billion of investor commitments. [110], In December 2013, Apollo bought a portfolio of Irish home loans from Lloyds Bank for 307 million, less than half their face value. Bain Capital is considering a competing offer to Silver Lake's $2.4 billion acquisition deal for Germany's Software AG, Bloomberg reported. Apollo Global Management is a global asset management firm that specializes in credit-oriented capital and real estate markets. 1990. 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. Leadership & About Apollo Global Management | Apollo Global Management Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Here are six things that highlight how you should behave as a leader given these post-pandemic realities. [43], Following the spin-off of Ares in 2002, Apollo developed two new affiliates to continue its investment activities in the capital markets. [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 Global Management (APO) Scheduled to Post Earnings on Tuesday Apollo acquired several large portfolios of assets from the U.S. government's Resolution Trust Corporation. [144] However, on February 14, 2019, Cox Media Group announced that it was selling its 14 television stations to Apollo. Which investors participated in the most funding rounds within this hub? Apollo Commercial Real Estate Finance (NYSE: ARI) MidCap Financial Investment Corp. (NASDAQ: MFIC) Preferred Stockholders. Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. [96][97], In January 2011, Apollo acquired 51% of Alcan Engineered Products from Rio Tinto Group. In late 2008, Apollo received margin calls associated with the financing of its purchase of certain loan portfolios as the values of the loans decreased. Eliant is providing flexible capital solutions for an ever-changing world by helping companies optimize their supply chains. [58], In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, a manufacturer of whirlpool baths. Apollo has had 32 exits. Apollo Global Management invests in 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. Apollo Global Management - Wikipedia At all levels, we empower our people to make decisions and coach them to accelerate their personal development as leaders. Their most recent investment was on Apr 17, 2023, when Cengage Group raised $500M. List of top Apollo Portfolio Companies - Crunchbase Hub Profile [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. 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 . 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Our retirement services business, Athene, provides a suite of retirement savings products to help clients achieve financial security. . Is there any room for doubt? [163][164], In July 2020, Apollo launched a $12 billion platform to make big loans. Among the investments made in Fund III (invested through 1998) were: Alliance Imaging, Allied Waste Industries, Breuners Home Furnishings, Levitz Furniture,[25] Communications Corporation of America, Dominick's, Ralphs (acquired Apollo's Food-4-Less), Move.com, NRT Incorporated,[26] Pillowtex Corporation,[27] Telemundo,[28] and WMC Mortgage Corporation.[29]. [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). Hear more At Apollo, we aim to integrate sustainability into everything we do. Providing innovative solutions throughout the capital structure to fund growth and build stronger businesses. Apollo Global Management CEO Marc Rowan joins Yahoo Finance Live's Brian Sozzi at the Milken Institute Global Conference 2023 in Beverly Hills, CA, to discuss global dealmaking in 2023, JPMorgan's acquisition of First Republic Bank, and the outlook for regional banking. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. Learn more in the Weekly Brief. Apollo is a high-growth, global alternative asset manager. Apollo Global Management (formerly known as Tango Holdings) is an alternative asset management company. [182], In September 2021, investment funds managed by Apollo acquired 90% of Yahoo!. Lion Advisors was replaced by Ares Management. Learn more in the Weekly Brief. Our business exists to serve these stakeholders including our limited partners, policyholders, regulators, portfolio companies, shareholders, employees, and communities. Shortly thereafter, Ares completed fundraising for Ares Corporate Opportunities Fund, a special-situations investment fund with $750 million of capital under management. All Rights Reserved. [103][104][105], In November 2012, Apollo acquired McGraw-Hill Education for $2.5 billion. Top Apollo Global Management Competitors and Alternatives - Craft [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. In 2008, Claire's experienced financial difficulty amid the slump in consumer spending. Apollo Global Management (formerly known as Tango Holdings) is an alternative asset management company. Founded in 1990, Apollo Global Management is a private equity and investment management firm headquartered in New York City, New York. 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. 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 .
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