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]! For individuals and their advisors, we offer a growing range of wealth management solutions to meet their needs by going beyond the public markets. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. At all levels, we empower our people to make decisions and coach them to accelerate their personal development as leaders. 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. While remote work has its challenges, it can become a source of employee engagement. This rating has improved by 6% over the last 12 months. In 1997, Ares Management was founded by Antony Ressler and John H. Kissick, both partners at Apollo, as well as Bennett Rosenthal, who joined the group from the global leveraged finance group at Merrill Lynch, to manage a $1.2 billion market value collateralized debt obligation vehicle. 52 Jobs. [57] Apollo raised an additional $500 million via private placements in the weeks following that sale. Apollo Global Management, Inc. 2023 All Rights Reserved. We believe that mastering how to invest in Alternatives is more important today than ever. [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. The sources cautioned that there is no certainty that Tronox will agree to any deal. Related by Industry: Diversified Financials. The COVID-19 pandemic weighed on demand for many of Tronox's products, but the company has said its core markets are recovering as the world's major economies bounce back. Apollo 's most notable exits include Western Digital , Airbnb . . Merx Aviation is a global aircraft leasing, management and finance company based in New York and Dublin. 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.
Apollo Global Management History: Founding, Timeline, and Milestones 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. Since 2008, Apollos ESG program has set the standard for ESG reporting within our industry. [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 Global Management has an overall rating of 3.7 out of 5, based on over 242 reviews left anonymously by employees. My goal is to provide practical advice and insights to help my readers make informed financial decisions and achieve their financial goals. The industry leader for online information for tax, accounting and finance professionals. In February 2007, Apollo announced the acquisition of the Smart & Final chain of warehouse-style food and supply stores. Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. Blackstone is a private equity, alternative asset management, and financial services firm. Apollo has made 3 diversity investments. Lion Advisors (or Lion Capital) was founded in 1990 to provide investment services to Credit Lyonnais and foreign institutions, seeking to profit from depressed prices in the high yield market. The FCC required Apollo to reduce the daily newspapers to three days or sell them. [162], In May 2020, Apollo purchased $1.75 billion of preferred stock in Albertsons Companies. [137][138], In March 2018, Apollo acquired Mexican-style restaurant chain Qdoba from Jack in the Box.
U.S. banking system 'is the envy of the world,' Apollo Global Since our founding in 1990, we have established a notable record of success in alternative investments. We work every day to earn the trust of our stakeholders by being a fair, ethical, and responsible partner.
Apollo Global Management | APO Stock Price, Company Overview & News [109], On March 11, 2013, Apollo Global Management made the only bid for the snacks business of Hostess Brands, including Twinkies, for $410 million. [146] On June 26, 2019, Cox announced that its 60 radio stations, as well as its national advertising business CoxReps, and local OTT advertising agency Gamut, would also be acquired by the new company, which concurrently announced that it would retain the Cox Media Group name instead of Terrier Media.
Apollo Global Management Reviews | Glassdoor Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. Apollo Global Management, Inc. is an American global private equity firm. Also important is the data on short interest which shows that short shares stood at 10.01 million on Apr 13, 2023, giving us a short ratio of 2.94. Intrado became a part of Apollo Global Management in 2017. Learn about how Apollo Private Equity worked with Sun Country Airlines to grow its business during the most unprecedented time in airline history. Hexion announced in July 2007 that it was acquiring Huntsman Corporation, a major specialty-chemicals company, in a $6.5 billion leveraged buyout. 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. 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. A regulated futures marketplace provides continuity of risk transfer and price discovery for the crypto industry. 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. 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. Apollo Global Management, Inc. 2023 All Rights Reserved. KKR (Kohlberg Kravis Roberts) is an investment firm that offers alternative asset management as well as capital markets and insurance solutions. whether providing guaranteed income products through Athene or tailored portfolio and asset management services to external retirement plans . Apollo Global Management, Inc. engages in the provision of alternative investment management services. Cox Enterprises along with Apollo Global Management maintains about 29% minority skate in the company. #1-Ranked Industry Analyst Patrick Moorhead dives into Dell' APEX Managed Device Services for flexible IT device management. That firm was then owned and controlled by its remaining principals, including William Mack, Lee Neibart, William Benjamin, John Jacobsson, Stuart Koenig, and Richard Mack. Intrado is a telecommunications company in America that was formerly called West Corporation. Industry: Investment & Asset Management. Apollo is a high-growth alternative asset manager. Apollo Global Management (APO) Stock Price Performance, Apollo Global Management (APO) Stock Key Data, Total Enterprise Value to Total Revenue (ttm). It was liquidated in 2020. Apollo Global Management, Inc provides asset management services. [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 April 8, 2008, the fund had generated a 10% IRR net of fees. AAA was formed to invest alongside Apollo's main private-equity funds and hedge funds. [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. [191][192], In July 2022, investment funds managed by Apollo acquired Tenneco for $7.1 billion. [1] Funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees.[5]. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. [121][122], In November 2016, investment funds managed by Apollo acquired Rackspace. [77][78], In January 2008, Apollo invested $1 billion in Norwegian Cruise Line to support a recapitalization of the company's balance sheet. . 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 . [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. Learn more in the Weekly Brief. Spoiler: They're loving it. [70][71][72][73] In 2013, Apollo sold out of this investment, making a profit of $1.3 billion. The first of these new affiliates, founded in 2003, was Apollo Distressed Investment Fund (DIF) Management, a credit-opportunity investment vehicle.
Apollo acquire 50% equity stake in MaxCap | MaxCap Group [69], In April 2007, Apollo acquired Realogy, a franchisor that owns Coldwell Banker, Century 21, and Sotheby's International Realty, for $8.5 billion. Use Forbes logos and quotes in your marketing.
Apollo hits record $414bn AuM thanks to insurance deals & ACRA [111], In January 2014, Apollo acquired Chuck E. Cheese's for about $1 billion. 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. Providing innovative solutions throughout the capital structure to fund growth and build stronger businesses. ", "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. Doubt can be an engine for change and creativity.
Apollo Global Management, Inc. | LinkedIn 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. Our Yield business spans the financing universe across public and private markets, providing innovative lending and capital solutions for growth. Announces Completion Of Merger", "Harrah's Is Said to Be in Talks to Accept $16.7 Billion Buyout", "Apollo finalizes its $1B investment deal for NCL", "Apollo and Star cash out of Norwegian Cruise Line", "Apollo Management LP Acquires Regent Seven Seas Cruises", "Citi Is Said to Be Near Deal to Sell $12.5 Billion of Loans", "Apollo, GSO Debt Funds Have Faced Margin Call Issues", "Forget slowdown, PEs still heading to India", "Apollo Struggles to Keep Debt From Sinking Linens 'n Things", "Linens 'N Things Noteholder Sues Over Losses", "PIK and Roll: Companies Seize On Perks of Loose Lending", "Fourth Apollo Company Flips Its PIK Toggle", "Apollo First-Quarter Profit Rises 76% as Holdings Gain", "Apollo Closes Buyout Fund Near $15 Billion Target", "Liberty Global pays $3 billion cash for Unitymedia", "Apollo to Buy Amusement Park Operator Cedar Fair", "Cedar Fair and Affiliates of Apollo Global Management Mutually Terminate Merger Agreement", "RIO TINTO DIVESTS 61PC INTEREST IN ALCAN ENGINEERED PRODS", "Apollo's upsized IPO raises $565.4 million", "CNBC NEWS RELEASES BREAKING NEWS FROM CNBC'S KATE KELLY: APOLLO PRICING IPO AT $19/SHARE", "Affiliate of Apollo Global Management Completes Acquisition of CKX, Inc", "Private Equity Firms Duel Over Water Park Operator", "Apollo to Acquire Water Park Operator for $703 Million", "Apollo Global Management Announces Successful Completion of Its Acquisition of Great Wolf Resorts", "McGraw-Hill to Sell Education Unit to Apollo for $2.5 Billion", "Pitney Bowes Management Services Becomes Novitex Enterprise Solutions", "Affiliates of Apollo and HGM Agree to Combine Novitex and SourceHOV with Quinpario Acquisition Corp. 2 to Form Exela Technologies, a Public Company in a Transaction Valued at $2.8 Billion", "Leon Black's Apollo Global new owner of Twinkies, other Hostess snack brands", "Equity firm Apollo buys $419.4m (307m) of Irish home loans from Lloyds", "A Private Equity Firm Just Bought Chuck E. Cheese For $950 Million", "21st Century Fox and Apollo Seal Deal to Merge Shine, Endemol and Core", "Exclusive: Centerbridge in $1.35 billion deal for Great Wolf Resorts: sources", "New owner pledges to grow Great Wolf Lodge chain", "OM Group to be taken private by Apollo Global in $1.03 billion deal", "Apollo wins auction for St-Gobain's Verallia", "ADT in $6.9 Billion Deal to Sell Itself to Apollo Buyout Firm", "Apollo Global to Buy Diamond Resorts for $2.2 Billion", "Hilton Grand Vacations Completes Acquisition of Diamond Resorts", "Rackspace to Go Private in $4.3 Billion Deal", "Rackspace Completes Previously Announced Transaction with Affiliates of Funds Affiliated with Apollo Global Management to Become a Private Company", "U.S. defense spending bonanza puts niche acquisitions in play", "Former Blackwater guards sentenced for massacre of unarmed Iraqi civilians", "Blackwater's Descendants Are Doing Just Fine", "Apollo pauses plans to sell security firm Constellis: sources", "Apollo Education to be taken private in $1.1 billion deal", "Investor Consortium Completes Acquisition of Apollo Education Group", "Apollo Doubles Its Money in $1 Billion Bet on Tarnished Colleges", "Apollo Education starts new chapter as private firm", "Philips completes sale of 80.1% interest in Lumileds to funds managed by affiliates of Apollo Global Management", "Philips to Sell Lumileds to Apollo at Discounted $2 Billion", "Apollo Global to buy West Corp for about $2 billion", "West Corporation and Affiliates of Certain Funds Managed by Affiliates of Apollo Global Management Announce the Closing of the Previously Announced Transaction", "Kushner's Family Business Received Loans After White House Meetings", "Kushner's family business got hefty loans from Apollo, Citigroup last year, report says", "Jack in the Box Inc. Completes Sale of Qdoba Restaurant Corporation", "Investor Group Led by Funds Affiliated with Apollo Global Management and Vrde Partners Announce the Closing of the Previously Announced Transaction to Acquire a Significant Position in OneMain Holdings", "Funds Managed by Apollo Global Management to Acquire Approximately $1 Billion Portfolio of Equity Investments from GE Capital's Energy Financial Services", "GE Offloads Portfolio of Energy Investments to Apollo Global", "Apollo is said to be nearing deal for group of Nexstar stations", "Apollo Global Management Acquires Cox's Television Stations Plus Radio & Newspapers In Dayton", "Cox TV Valued At $3.1 Billion In Apollo Acquisition", "It's Official: Cox Radio, Gamut, CoxReps Going To Apollo", "Cox Enterprises buys back Ohio newspapers; 7-day publication continues", "Apollo Global Management Completes Acquisition of Aspen Insurance", "Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion", "Shutterfly strikes take-private deal with Apollo Global, valuing company at $2.7 billion", "Apollo Takes on Wall Street With Massive Newspaper Loan Deal", "Apollo PE takes majority stake in Gamenet Italia", "Apollo Global Management buys 48.67% stake in Italy's Gamenet", "Tech Data acquired in $5.4 billion deal", "Warren Buffett Failed to Spend His $128 Billion Cash Pile in Unusual Bid", "Cox Enterprises Announces Close of Cox Media Group Sale to Affiliates of Apollo Global Management", "Cox Enterprises to Sell Majority Stake in TV Stations to Apollo", "It's Official: Cox Radio, Gamut, CoxReps Going to Apollo", "It's Official: Cox, Apollo Agree to Private Company", "Funds Managed by Affiliates of Apollo Global Management to Acquire Covis Pharma From Cerberus", "Apollo to invest $300m in Irish-domiciled Cimpress", "Apollo Global invests $1.75 billion in U.S. supermarket operator Albertsons", "Albertsons Companies announces $1.75 billion preferred equity investment led by Apollo Global Management", "Apollo Launches Platform to Make Big Loans", "France's Banijay to acquire rival Endemol Shine Group, producer of 'Black Mirror', "Sophie Turner Laing To Leave Endemol Shine Group As Banijay Group Completes $2.2BN Takeover", "UAE oil giant ADNOC signs $5.5 billion real estate deal with Apollo-led consortium", "LendingPoint Closes Up to $110 Million Mezzanine Facility with Midcap Financial Trust and Apollo Investment Corporation", "Hedge fund boss quits over Epstein ties", "Why did Leon Black pay $158m to Jeffrey Epstein? Our Equity business is focused on value-oriented opportunities where we can drive financial and operational performance to build stronger companies. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. More than 2,100 Apollo employees, including more than 680 investment professionals, work from our offices . [79] In December 2018, Apollo cashed out of this investment. [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]. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends.