In May 2008, Verso became a public company via an IPO.[60][61]. [86][87] In 2009, the company was sued by a noteholder claiming mismanagement. Apollo Global Management: Leading Alternative Asset Manager | Private Citigroup had been unable to syndicate the loans before the onset of the credit crunch. 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. Apollo Global Management invests in credit, private equity, and real assets. Apollo gives customized financing solutions to private middle companies. Apollo Global Management has an overall rating of 3.7 out of 5, based on over 242 reviews left anonymously by employees. Apollo Global Management, Inc. | LinkedIn [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. The shares were bought by an Apollo Global Management subsidiary, Tanager Limited. Shortly thereafter, Ares completed fundraising for Ares Corporate Opportunities Fund, a special-situations investment fund with $750 million of capital under management. In 2021, Apollo Private Equity Funds agreed to acquire Lumen Technologies ILEC assets and associated operations to create Brightspeed Internet. 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. It was liquidated in 2020. [58], In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, a manufacturer of whirlpool baths. Is there any room for doubt? [114], In May 2015, Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion. Exclusive news, data and analytics for financial market professionals, Reporting by Greg Roumeliotis in New York; Editing by Will Dunham and Nick Zieminski, How JPMorgan's Dimon won the First Republic deal, Tesla raises prices in US, China, Japan and Canada, HSBC rewards shareholders with buyback, dividend as profit triples, In race for efficient EVs, Mercedes taps F1 team to keep up with Tesla. 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. [24] Fund III was only an average performer for private-equity funds of its vintage. #1-Ranked Industry Analyst Patrick Moorhead dives into Dell' APEX Managed Device Services for flexible IT device management. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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]. [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. [152] On October 23, 2019, AGM announced it signed agreements to take a 48.6% stake in Italian gambling group Gamenet SPA. Create Comparison. Tronox did not respond to a request for comment. 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. Since 2008, Apollos ESG program has set the standard for ESG reporting within our industry. Tronox has hired advisers to consider the bid and has yet to decide on its next steps, the sources added. Apollo launches $4 billion fund in clean energy push | Reuters [7][8], In September 2004, investment funds managed by Apollo and Sterling Partners acquired Connections Academy. Disclosure: Apollo Global Management is the parent company of Yahoo Finance. They jumped 17% to $24.02 on news of Apollo's acquisition interest. Private equity firm Apollo Global Management Inc has approached Tronox Holdings Plc , one of the world's largest pigment manufacturers, with a $4.3 billion all-cash offer, people familiar with the . Merx was founded in September 2012 by Apollo Investment Corporation, a NASDAQ-listed business development company managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc. AAA was formed to invest alongside Apollo's main private-equity funds and hedge funds. While that held true for a long timethe mantra is now being challenged. [147] On February 10, 2020, Cox Enterprises bought back the Ohio newspapers it sold to AGM. Use Forbes logos and quotes in your marketing. 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 Private Equity Funds supported the transformation of McGraw Hill into a leader in the Ed Tech sector with a digital-first approach. [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. Apollo has made 3 diversity investments. Founded in 1990, Apollo Global Management is a private equity and investment management firm headquartered in New York City, New York. 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). . See here for a complete list of exchanges and delays. 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. Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. Industry: Investment & Asset Management. [70][71][72][73] In 2013, Apollo sold out of this investment, making a profit of $1.3 billion. Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. The founders of Apollo are Leon Black, Josh Harris, and Mark Rowan. [88], Apollo exercised its "PIK toggle" option at Claire's to shut off cash interest payments to its bondholders and instead issue more debt, to provide the company with additional financial flexibility. But we have to start with what we saw this . Category for portfolio companies of the private equity investment firm: Apollo Global Management. It operates through the following segments: Credit, Private Equity, and Real Assets. Apollo Commercial Real Estate Finance (NYSE: ARI) MidCap Financial Investment Corp. (NASDAQ: MFIC) Preferred Stockholders. [180][181] The same month, Apollo launched a $500 million fund to invest in SPACs. Marks & Spencer acquired by Apollo . It is an American Global Investment Management Firm. [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. The company was founded in 1990 and is based in New York, New York. As of April 8, 2008, the fund had generated a 54% IRR net of fees. Apollo Global Management, Inc. | 230,204 followers on LinkedIn. Foreign banks are not allowed to own California insurance companies. Apollo Global Management - CB Insights [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]. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. As the United States housing market correction accelerated in 2008, Realogy faced financial pressures due to its debt load. A leading contributor to addressing some of the biggest issues facing the world today such as energy transition, accelerating the adoption of new technologies, and social impact where innovative approaches to investing can make a positive difference. Insights about top trending companies, startups, investments and M&A activities. Apollo Global Management, Inc. 2023 All Rights Reserved. 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. 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. Working at Apollo Global Management | Glassdoor What's the investment trend over time for this hub? Novitex is a document-outsourcing provider that manages business-critical services for over 500 companies across 10 industries. Aug 28, 2018 . Apollo Global Management Inc. Cl A Company & People | APO1 | Barron's We invest across Yield, Hybrid, and Equity markets, seeking to generate excess returns for our clients across the full risk-reward spectrum. 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. [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. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. In May 2008, Linens filed for bankruptcy protection, costing Apollo all of its $365 million investment in the company. [163][164], In July 2020, Apollo launched a $12 billion platform to make big loans. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. It operates through the following segments: Credit, Private Equity, and Real Assets. Apollo Global Management, Inc. engages in the provision of alternative investment management services. Apollo Global Management - Wikipedia [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. Apollo Global Management, Inc. provides asset management services. Our business exists to serve these stakeholders including our limited partners, policyholders, regulators, portfolio companies, shareholders, employees, and communities. In November 2008, Realogy launched an exchange offer for a portion of its debt to provide additional flexibility, prompting a lawsuit from Carl Icahn. Apollo Global Management (formerly known as Tango Holdings) is an alternative asset management company. [168], In March 2021, Apollo Investment Corporation closed a $110 million mezzanine credit facility between LendingPoint and MidCap Financial Trust. 52 Jobs. It operates through three segments: Asset Management, Retirement Services, and Principal Investing. 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. Tronox did not disclose whether Quinn was accused of any wrongdoing. NEW YORK / MELBOURNE, AUSTRALIA - 8 September 2021 Apollo Global Management, Inc. (NYSE: APO), (together with its consolidated subsidiaries, "Apollo") today announced that clients managed by its affiliates have entered into a definitive agreement to acquire up to a 50% equity stake in MaxCap Group ("MaxCap" or the "Company"), a leading Australasian commercial real estate . In 2002, Ares completed a corporate spin-off from Apollo management. Apollo aims to be a leading provider of capital for the energy transition. [119], In June 2016, funds managed by Apollo Global Management acquired Diamond Resorts International. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. [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. [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. Apollo, which was previously known as Apollo Advisors was founded in 1990. We seek to not only preserve capital, but also to generate exceptional returns over the long term. Company. ", "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. 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]! Each of us has benefitted from someone taking a chance on us. 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. [115][116], In June 2015, Apollo agreed to acquire OM Group for $1.03 billion. 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. RT @BloombergTV: Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is expanding its London o. 1991. [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's 2005 investment in the struggling US retailer Linens 'n Things suffered from a significant debt burden and softening consumer demand. Apollo is a very understaffed company with management that is highly demanding and deadline driven. [57] Apollo raised an additional $500 million via private placements in the weeks following that sale. He is currently a Director of several listed companies that operate in the resources sector, including Prairie Mining Limited, Equatorial Resources Limited . This category has the following 4 subcategories, out of 4 total. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. 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. Working at Apollo Global Management | Glassdoor [183][184], In January 2022, Apollo acquired Athene, a retirement services business. [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. [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.
