[10][11][12], Within six months after the collapse of Drexel, the Apollo launched Apollo Investment Fund L.P., the first of its private-equity investment funds, formed to make investments in distressed companies. [152] On October 23, 2019, AGM announced it signed agreements to take a 48.6% stake in Italian gambling group Gamenet SPA. 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. [137][138], In March 2018, Apollo acquired Mexican-style restaurant chain Qdoba from Jack in the Box. 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. 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]. [63][64][65][66], In March 2007, Apollo announced the $3.1 billion leveraged buyouts of costume jewelry retailer Claire's Stores. [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. Industry: Investment & Asset Management. [103][104][105], In November 2012, Apollo acquired McGraw-Hill Education for $2.5 billion. [49] Although Apollo was involved in a number of notable and large buyouts, the firm avoided the very largest transactions during the time. The industry leader for online information for tax, accounting and finance professionals. We are committed to helping them build stronger businesses. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a . Video Transcript. The merged company became Endemol Shine Group, with AGM and Fox each owning half of the studio. Apollo helps millions of people retire better, whether providing guaranteed income products through Athene or tailored portfolio and asset management services to external retirement plans. [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. #1-Ranked Industry Analyst Patrick Moorhead dives into Dell' APEX Managed Device Services for flexible IT device management. The leading provider of capital solutions to companies. Stock analysis for Apollo Global Management Inc (APO:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Apollo is a high-growth alternative asset manager. Apollo is a high-growth, global alternative asset manager. Apollo Global Management, Inc. engages in the provision of alternative investment management services. [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. Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. Colorful THG founder Matt Moulding confirmed this morning, just a day before the company announces its results, that THG had received a bid from private equity giant Apollo Global Management. He is currently a Director of several listed companies that operate in the resources sector, including Prairie Mining Limited, Equatorial Resources Limited . [166][167], In September 2020, Apollo entered into a $5.5 billion real-estate investment partnership with the Abu Dhabi National Oil Company (ADNOC). History tells us that it takes time for monetary policy to work its way through the economy. 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. [162], In May 2020, Apollo purchased $1.75 billion of preferred stock in Albertsons Companies. If you experience conflict in the workplace, youre not alone: As many as 85% of employees experience some kind of conflict. 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 . Apollo raised around $400 million of investor commitments based on Leon Black's reputation as a prominent lieutenant of Michael Milken and a key player in the buyout boom of the 1980s. by Ethan Miller March 21, 2023, 8:10 pm. Angel, Fund of Funds, Venture Capital), Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Announced Date: Date the acquisition was announced, Acquirer Name: Name of the acquiring organization, Transaction Name: Auto-generated name of transaction (e.g. Learn more in the Weekly Brief. Leaders are expected to be confident. From PBMS, Apollo formed Novitex Enterprise Solutions. [92], In November 2009, Liberty Global acquired Unity Media GMBH; funds managed by Apollo owned a 31% interest. Some leading indicators are potentially signaling that the labor market is on the cusp of slowing down. 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. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. Apollo Global Management, Inc. engages in the provision of alternative investment management services. [106][107], In 2013, Apollo acquired Pitney Bowes Management Services (PBMS) for $400 million. Bain Capital is considering a competing offer to Silver Lake's $2.4 billion acquisition deal for Germany's Software AG, Bloomberg reported. The loans were reported to have been sold in the "mid-80 cents on the dollar" relative to face value. [161], In April 2020, AGM announced that it would invest $300 million in Cimpress, an Irish-domiciled printing group that owns Vistaprint. [7][8], Apollo, originally referred to as Apollo Advisors, was founded after the collapse of Drexel Burnham Lambert in 1990 by Leon Black, the former head of Drexel's mergers and acquisitions department, along with Josh Harris and Marc Rowan. ACT Capital will invest in companies globally, Apollo said. [55], In August 2006, Apollo launched a $2 billion vehicle in Europe, AP Alternative Assets. We are empowering retirees, building and financing stronger businesses, and driving a more sustainable future. Apollo's 2005 investment in the struggling US retailer Linens 'n Things suffered from a significant debt burden and softening consumer demand. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. 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. Apollo Global Management Company Profile . [120] It was sold to Hilton Worldwide in August 2021. 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. 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. We seek to not only preserve capital, but also to generate exceptional returns over the long term. Tronox did not disclose whether Quinn was accused of any wrongdoing. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Company. As of April 8, 2008, the fund had generated a 54% IRR net of fees. Some Apollo Global Management owned companies are: Cox Meia Group is owned by Apollo Global Management Group. 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. Apollo Commercial Real Estate Finance (NYSE: ARI) MidCap Financial Investment Corp. (NASDAQ: MFIC) Preferred Stockholders. [153][154], In November 2019, investment funds managed by Apollo acquired Florida-based Tech Data Corp. for $5.4 billion from Warren Buffett's Berkshire Hathaway. Verizon sells Yahoo and AOL businesses to Apollo for $5 billion. All Rights Reserved. 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. [112][113], In October 2014, Apollo merged its Endemol television studio with 21st Century Fox's Shine Group. [7][8], In September 2004, investment funds managed by Apollo and Sterling Partners acquired Connections Academy. CareerBuilder was founded in 1995. Our Standards: The Thomson Reuters Trust Principles. Apollo Global Management invests in credit, private equity, and real assets. Aug 28, 2018 . 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. Is there any room for doubt? . See here for a complete list of exchanges and delays. . Other founding partners included Michael Gross and Antony Ressler, who worked as a senior vice president in Drexel's high-yield department. Spoiler: They're loving it. Sept 13 (Reuters) - Private equity firm Apollo Global Management Inc (APO.N) has approached Tronox Holdings Plc (TROX.N), one of the world's largest pigment manufacturers, with a $4.3 billion all-cash offer, people familiar with the matter said on Monday. Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") is one of the world's leading alternative investment managers. Apollo Global Management (APO) Stock Price Performance, Apollo Global Management (APO) Stock Key Data, Total Enterprise Value to Total Revenue (ttm). We believe that mastering how to invest in Alternatives is more important today than ever. The following 36 pages are in this category, out of 36 total. How much aggregate funding have these organizations raised over time? The founders of Apollo are Leon Black, Josh Harris, and Mark Rowan. [69], In April 2007, Apollo acquired Realogy, a franchisor that owns Coldwell Banker, Century 21, and Sotheby's International Realty, for $8.5 billion. Here are some ways to put healthy conflict resolution into practice. 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. [141], In October 2018, funds managed by Apollo Global Management acquired a portfolio of $1 billion in energy investments from GE Capital's Energy Financial Services unit. 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. 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. [114], In May 2015, Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. Disclosure: Apollo Global Management is the parent company of Yahoo Finance. [155][156], In December 2019, investment funds managed by Apollo acquired Cox Media Group for $3 billion, acquiring Cox's 13 television stations, 54 radio stations, three newspapers, national television advertising business CoxReps, and local OTT advertising business Gamut. The industry leader for online information for tax, accounting and finance professionals. [85], During the financial crisis of 20072008, several of Apollo's investments came under pressure. 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 . 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. [147] On February 10, 2020, Cox Enterprises bought back the Ohio newspapers it sold to AGM. EPS and Revenue estimates are for the next 12 months. [57][8][76], In January 2008, Apollo and TPG Capital acquired Harrah's Entertainment for $27.4 billion, including the assumption of existing debt. [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. Sirius Satellite Radio, University of Phoenix, and Smart and Final are the other companies owned by Apollo. All values as of most recently reported quarter unless otherwise noted. Lion Advisors was replaced by Ares Management. It was liquidated in 2020. Here are six things that highlight how you should behave as a leader given these post-pandemic realities. Apollo Global Management, Inc. 2023 All Rights Reserved. [80], In February 2008, Apollo acquired Regent Seven Seas Cruises from Carlson Companies for $1 billion. Their most recent investment was on Apr 17, 2023, when Cengage Group raised $500M. [144] However, on February 14, 2019, Cox Media Group announced that it was selling its 14 television stations to Apollo. We find uncommon opportunities and sources of growth through continual learning, contrarian thinking, and rigorous debate. Marks & Spencer . Apollo Global Management (formerly known as Tango Holdings) is an alternative asset management company. AAA was formed to invest alongside Apollo's main private-equity funds and hedge funds. Verso is the second-largest producer for the North American magazine publishing and catalog/commercial print markets. 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. [183][184], In January 2022, Apollo acquired Athene, a retirement services business. Our Yield business spans the financing universe across public and private markets, providing innovative lending and capital solutions for growth. Learn how Apollo's Private Equity platform helps companies across our portfolio create long-term sustainable value. 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 . The Real Assets segment includes investment in real estate equity a Apollo Global Management, Inc. engages in the provision of alternative investment management services. [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. What's the most common types of sub-organization? Rackspace Technology Inc. is located in Texas. Apollo Global Management, Inc. is an American global private equity firm. [180][181] The same month, Apollo launched a $500 million fund to invest in SPACs. [111], In January 2014, Apollo acquired Chuck E. Cheese's for about $1 billion. 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), At the Forefront of Democratizing Finance, Apollo Hybrid Value on the Launch, Growth and Sale of Blume Global, Apollo Leads Largest-Ever Music ABS Transaction for Concord, Sun Country Airlines: Cleared for Take Off, Energos Infrastructure Supports EU Energy Security, FlexGen: Enabling Today's Energy Transition.
Texas Federal Inmate Search,
How To Remove Bitterness From Vegetables,
St Croix Entry Requirements Covid,
Articles A