[99][100][101], In March 2012, Apollo acquired the unprofitable Great Wolf Resorts for $703 million. [67][68], In April 2007, Apollo acquired Noranda Aluminum, the US aluminum business of Xstrata for $1.15 billion. Apollo is an alternative asset manager with a track-record of sizable private equity deals, profitable debt/credit management, and shrewd real estate acquisition strategy, across a truly global . [57] Apollo raised an additional $500 million via private placements in the weeks following that sale. 12. The reskilling challenge: How can we leave no one behind in the energy transition? It was liquidated in 2020. Following the purchase, Apollo ordered a new ship for Regent. Apollo Asset Management (NYSE: AAM PrA-B) Athene (NYSE: ATH.PRA-D) Closed-End Funds. Ares III-Ares X were structured as cash flow CLOs. Verizon sells Yahoo and AOL businesses to Apollo for $5 billion. [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. At Apollo, Expanding Opportunity is core to our values, and we are dedicated to creating opportunities for more companies, employees and communities to build a more inclusive and sustainable economy. START FREE TRIAL EPS and Revenue estimates are for the next 12 months. Apollo, which was previously known as Apollo Advisors was founded in 1990. 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. Among Apollo's most notable investments during this period were Harrah's Entertainment, a gaming and casino company; Norwegian Cruise Line, a cruise line operator; Claire's Stores, a retailer of costume jewelry; and Realogy, a real-estate franchisor. 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). Apollo Global Management, Inc. | LinkedIn (Disclosure: Apollo Global Management is the parent company of Yahoo Finance.) [57][8][76], In January 2008, Apollo and TPG Capital acquired Harrah's Entertainment for $27.4 billion, including the assumption of existing debt. Apollo Global Management, Inc. | 224,198 followers on LinkedIn. Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Organization Name: Name of the Organization, Total Funding Amount: Total amount raised across all funding rounds, CB Rank (Organization): Algorithmic rank assigned to the top 100,000 most active Organizations, Trend Score (30 Days): Movement in Rank over the last 30 days using a score from -10 to 10, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Announced Date: Date that the Funding Round was publicly announced, Organization Name: Name of the organization that got funded, Transaction Name: Auto-generated name of transaction (e.g. See Details of [96][97], In January 2011, Apollo acquired 51% of Alcan Engineered Products from Rio Tinto Group. A regulated futures marketplace provides continuity of risk transfer and price discovery for the crypto industry. Following Recent Acquisitions, Private Equity Firm Apollo Ranks Among Apollo Group has then guided these projects through exploration, feasibility and development phases by ensuring they have the necessary management and . He was replaced as CEO by Marc Rowan. [98], On March 29, 2011, Apollo became a public company via an IPO. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. We value creativity and imagination in everything that we do. Spoiler: They're loving it. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Learn about how Apollo Private Equity worked with Sun Country Airlines to grow its business during the most unprecedented time in airline history. [50], In May 2006, Apollo announced the acquisition of Rexnord Corporation, a manufacturer of precision motion-technology products, primarily focused on power transmission, from private-equity firm The Carlyle Group for $1.825 billion. Photobooks, prints, Personalized Cards, Gifts, and many more. 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. The FCC required Apollo to reduce the daily newspapers to three days or sell them. Stock analysis for Apollo Global Management Inc (APO:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 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. AAA was formed to invest alongside Apollo's main private-equity funds and hedge funds. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. The ability to manage and process information has become paramount to business success, and document management software (DMS) has played a critical role in this information revolution. Long live JPMorgan! Apollo Global Management Company Profile - Craft [163][164], In July 2020, Apollo launched a $12 billion platform to make big loans. Apollo Commercial Real Estate Finance (NYSE: ARI) MidCap Financial Investment Corp. (NASDAQ: MFIC) Preferred Stockholders. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Working at Apollo Global Management: 17 Reviews - Indeed [118], In February 2016, Apollo agreed to acquire The ADT Corporation for $6.9 billion. [121][122], In November 2016, investment funds managed by Apollo acquired Rackspace. Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. We are committed to helping them build stronger businesses. More than 2,100 Apollo employees, including more than 680 investment professionals, work from our offices . He is currently a Director of several listed companies that operate in the resources sector, including Prairie Mining Limited, Equatorial Resources Limited . [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]. 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 . whether providing guaranteed income products through Athene or tailored portfolio and asset management services to external retirement plans . 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]! The Real Assets segment includes investment in real estate equity and infrastructure equity; and real estate and infrastructure debt. All values as of most recently reported quarter unless otherwise noted. U.S. banking system 'is the envy of the world,' Apollo Global 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. Merx Aviation [49] Although Apollo was involved in a number of notable and large buyouts, the firm avoided the very largest transactions during the time. Apollo Global Management, Inc. is an American global private equity firm. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a . It was started in 2017 and is present till now. [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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Eliant is providing flexible capital solutions for an ever-changing world by helping companies optimize their supply chains. Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday . [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. The following 36 pages are in this category, out of 36 total. Labor Risks. Tronox did not respond to a request for comment. The Asset Management segment focuses on yield, hybrid, and equity investing strategies. [129][130][131][132], In June 2017, investment funds managed by Apollo acquired 80.1% of Philips Lumileds division for $1.5 billion. This article explains how to leverage it. [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. Our Standards: The Thomson Reuters Trust Principles. Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. We believe that mastering how to invest in Alternatives is more important today than ever. Business data for Apollo Global Management, LLC: This page was last edited on 21 April 2023, at 19:40. [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 (formerly known as Tango Holdings) is an alternative asset management company. Balancing my desire for a collaborative culture with managing individuals who espouse an opposite result no matter the topic has been a challenge. WhatsApp acquired by Facebook), Total number of people associated with this hub, Full Name: First and last name of a Person, Primary Organization: The organization associated to the person's primary job, Primary Job Title: The person's primary job title, CB Rank (Person): Algorithmic rank assigned to the top 100,000 most active People, Total number of events associated with this hub, Location: Location of the Event (e.g. [183][184], In January 2022, Apollo acquired Athene, a retirement services business. [191][192], In July 2022, investment funds managed by Apollo acquired Tenneco for $7.1 billion. What we do Apollo Group BRIAN SOZZI: Lots to talk about on the future of Apollo. Apollo is a high-growth alternative asset manager. Were focused on securing pensions so people can retire better and companies can focus on what they do best. The History of Apollo Global Management - A Timeline | Apollo Global [125][126][127][128], In February 2017, Apollo Education Group, the parent company of the University of Phoenix, was acquired by investment funds managed by Apollo and the Vistria Group, for $1.14 billion. Apollo Group An investment and management group [75], In November 2007, the company sold 9% of itself to the Abu Dhabi Investment Authority. Leaders are expected to be confident. notable investors of these companies, their management team, and recent news are also included. Cox Enterprises along with Apollo Global Management maintains about 29% minority skate in the company. We believe adhering to our values is integral to our success, allowing us to generate returns for our clients, support great businesses and build an innovative and collaborative culture. 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. Working at Apollo Global Management | Glassdoor [46], In 2005, Apollo formed Hexion Specialty Chemicals through the merger of Borden, Inc., Resolution Performance Products LLC, and Resolution Specialty Materials, LLC, and the acquisition of Bakelite AG. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Apollo Reports Fourth Quarter and Full Year 2022 Results, Apollo Launches Clean Transition Capital Strategy to Support Firmwide Target to Deploy $50 Billion by 2027. 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. JPMorgan's acquisition makes it the most globally systemically important bank (G-SIB) in the U.S. and number five globally only after the four Chinese G-SIBs. Apollo Global Management has an overall rating of 3.7 out of 5, based on over 242 reviews left anonymously by employees. Even with the threat of ransomware, the transition from managing infrastructure to managing data could not have happened at a better time. In May 2008, Verso became a public company via an IPO.[60][61]. Apollo Global Management, Inc. (NYSE: APO) Other Listed Vehicles. Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. 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. [190], In May 2022, Apollo acquired the US asset management business of Griffin Capital. It operates through three segments: Asset Management, Retirement Services, and Principal Investing. Learn more in the Weekly Brief. [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. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. In 2002, Ares completed a corporate spin-off from Apollo management. In May 2008, Linens filed for bankruptcy protection, costing Apollo all of its $365 million investment in the company. [21], In 1993, Apollo Real Estate Advisers was founded in collaboration with William Mack to seek opportunities in the U.S. property markets. How are IPOs trending over time in this hub? [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. 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. 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. 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. The fund, ACT Capital, is part of the $50 billion sustainable investment target Apollo set for itself last year. Apollo's Lottomatica to Take IPO Orders as Soon as This Week Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") is one of the world's leading alternative investment managers. Description. Learn how Apollo's Private Equity platform helps companies across our portfolio create long-term sustainable value. Wall Street has also been pressured by climate activists, who have been asking banks to commit to stopping funding for new fossil fuel projects. See here for a complete list of exchanges and delays. Insights about top trending companies, startups, investments and M&A activities. In May 2020, Apollo was the lead investor in a group that bought the majority of debt owed by airport baggage handler Swissport, which has 45,000 workers. Monetary Policy Timing, See Details of Global Wealth Management Solutions . Category:Apollo Global Management companies - Wikipedia 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. We find uncommon opportunities and sources of growth through continual learning, contrarian thinking, and rigorous debate. Hexion announced in June 2008 it would refuse to close the deal, prompting a series of legal actions. [55], In August 2006, Apollo launched a $2 billion vehicle in Europe, AP Alternative Assets. The business was rebranded as CEVA in November 2007. [45] AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies, including public companies. It also serves retirement income and financial solutions to its clients. | Apollo is a high-growth, global alternative asset manager. All Rights Reserved. Apollo Global Management Company Profile . 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. Their most recent diversity investment was on Jan 31, 2022, when Legendary Entertainment raised $760M. 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. Industry: Investment & Asset Management. [94][95] In April 2010, the deal was terminated due to poor shareholder response. Hexion announced in July 2007 that it was acquiring Huntsman Corporation, a major specialty-chemicals company, in a $6.5 billion leveraged buyout. Each of us has benefitted from someone taking a chance on us. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. Apollo Group is an investment and management group. See here for a complete list of exchanges and delays. All quotes delayed a minimum of 15 minutes. We have a value-oriented approach across private equity, credit, and real estate. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Apollo gives customized financing solutions to private middle companies. What Companies Does Apollo Global Management Own In 2023 - DATAROMA Global PE deals for May 2, 2023 | PitchBook 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]. [108] In 2017, it was merged into Exela Technologies. 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. Which investors participated in the most funding rounds within this hub? [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. We invest across Yield, Hybrid, and Equity markets, seeking to generate excess returns for our clients across the full risk-reward spectrum. CareerBuilder was founded in 1995. Yahoo Inc. is an American multinational Technology Company. 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. 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. [44], Also in 2008, Apollo opened an office in India, its first office in Asia. [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. Learn more in the Weekly Brief. [152] On October 23, 2019, AGM announced it signed agreements to take a 48.6% stake in Italian gambling group Gamenet SPA. [119], In June 2016, funds managed by Apollo Global Management acquired Diamond Resorts International. This category has the following 4 subcategories, out of 4 total. We must never lose our focus and determination to be the best investors and most trusted partners on their behalf. Apollo Global Management (formerly known as Tango Holdings) is an alternative asset management company. [59], In 2006, Apollo acquired International Paper's coated paper and supercalendered paper business for $1.4 billion, renaming the business Verso Paper. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. The founders of Apollo are Leon Black, Josh Harris, and Mark Rowan. Apollo Global Management Inc. Cl A Company & People | APO1 | Barron's Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors. [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. 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. Apollo profits beat expectations in first results since strategy Apollo Private Equity Funds supported the transformation of McGraw Hill into a leader in the Ed Tech sector with a digital-first approach. [19], Apollo acquired interests in companies that Drexel had helped finance by purchasing high-yield bonds from failed savings and loans and insurance companies. Market sentiment can change on a dime and prices can move quickly, especially in emerging markets (EM). Canada's Brookfield Asset Management (BAM.TO) raised $15 billion last year for it first impact fund focused on energy transition. Founded in 1990, Apollo Global Management is a private equity and investment management firm headquartered in New York City, New York. Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. [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. 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. Apollo Global Management is a global asset management firm that specializes in credit-oriented capital and real estate markets. 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. It was sold in 2011 for $400 million. Apollo Global Management invests in credit, private equity, and real assets. It is an employment website whose offices are in the United States, Canada, Europe, and Asia. Middle managers play an essential role in the freelance revolution. . The loans were reported to have been sold in the "mid-80 cents on the dollar" relative to face value. [106][107], In 2013, Apollo acquired Pitney Bowes Management Services (PBMS) for $400 million. The sources cautioned that there is no certainty that Tronox will agree to any deal. Create Comparison. [85], During the financial crisis of 20072008, several of Apollo's investments came under pressure. Apollo - Investments, Portfolio & Company Exits - CrunchBase Apollo Capital Solutions (ACS) is helping companies access Apollos full platform of flexible and holistic capital solutions.