What's the most common final funding type when companies get acquired? [92], In November 2009, Liberty Global acquired Unity Media GMBH; funds managed by Apollo owned a 31% interest. 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. Learn how Apollo is helping to drive a more sustainable future by supporting the growth of FlexGen. For individuals and their advisors, we offer a growing range of wealth management solutions to meet their needs by going beyond the public markets. [99][100][101], In March 2012, Apollo acquired the unprofitable Great Wolf Resorts for $703 million. 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. [168], In March 2021, Apollo Investment Corporation closed a $110 million mezzanine credit facility between LendingPoint and MidCap Financial Trust. Use Forbes logos and quotes in your marketing. [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. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. Verso is the second-largest producer for the North American magazine publishing and catalog/commercial print markets. 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 . Marks & Spencer acquired by Apollo . | Apollo is a high-growth, global alternative asset manager. [142][143], In February 2019, AGM was in talks to buy Nexstar Media Group for over $1 billion. Insights about top trending companies, startups, investments and M&A activities, It also serves retirement income and financial solutions to its clients. As the United States housing market correction accelerated in 2008, Realogy faced financial pressures due to its debt load. Apollo gives customized financing solutions to private middle companies. Our Hybrid business provides companies with flexible equity and debt solutions at scale and invests in all market environments. Apollo declined to comment. Apollo and . APO: Apollo Global Management Inc Stock Price Quote - Bloomberg It was started in 2017 and is present till now. Apollo is a very understaffed company with management that is highly demanding and deadline driven. [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. Some Apollo Global Management owned companies are: Cox Meia Group is owned by Apollo Global Management Group. Apollo Global Management, Inc. (NYSE: APO) Other Listed Vehicles. In May 2008, Verso became a public company via an IPO.[60][61]. [8] It was a Guernsey-domiciled publicly traded, private-equity closed-end, limited partnership, managed by Apollo Alternative Assets, an affiliate of Apollo Management. [94][95] In April 2010, the deal was terminated due to poor shareholder response. Noranda Aluminum includes a primary smelter and three rolling mills in Tennessee, North Carolina, and Arkansas along with other operations. See Details of [81], In April 2008, Apollo, TPG Capital, and The Blackstone Group acquired $12.5 billion of bank loans from Citigroup. The leading provider of capital solutions to companies. We seek to not only preserve capital, but also to generate exceptional returns over the long term. The portfolio comprised primarily senior secured loans that had been made to finance leveraged-buyout transactions at the peak of the market. Apollo strives to create a new dimension of diversification and a strong level of aligned investing, with a track record of identifying attractive opportunities for individual investors through access to alternatives. As of April 8, 2008, the fund had generated a 10% IRR net of fees. This article explains how to leverage it. 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. Apollo Global Management: A Unique Approach Creates Unique Everton's former director of football has spoken about what happened behind the scenes during his time at the club. Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. START FREE TRIAL 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. BRIAN SOZZI: Lots to talk about on the future of Apollo. Apollo Global Management Company Profile - Craft [10], 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. [180][181] The same month, Apollo launched a $500 million fund to invest in SPACs. Video Transcript. History tells us that it takes time for monetary policy to work its way through the economy. Here are six things that highlight how you should behave as a leader given these post-pandemic realities. 2023 Forbes Media LLC. [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). The reskilling challenge: How can we leave no one behind in the energy transition? Apollo Global Management: Leading Asset Manager | Global Wealth About Apollo Global Management. Apollo Global Management invests in credit, private equity, and real assets. It was liquidated in 2020. What we do Apollo Group [173] The same month, funds managed by Apollo acquired The Michaels Companies, parent of Michaels. Individual investors have long been told that a diversified portfolio of public equities and bonds is the key to a successful retirement plan. Aug 28, 2018 . [114], In May 2015, Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion. Canada's Brookfield Asset Management (BAM.TO) raised $15 billion last year for it first impact fund focused on energy transition. 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 . Shortly thereafter, Ares completed fundraising for Ares Corporate Opportunities Fund, a special-situations investment fund with $750 million of capital under management. Our business exists to serve these stakeholders including our limited partners, policyholders, regulators, portfolio companies, shareholders, employees, and communities. Smart Media. 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. It was sold in May 2019. 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. Their most recent investment was on Apr 17, 2023, when Cengage Group raised $500M. 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 . Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. [166][167], In September 2020, Apollo entered into a $5.5 billion real-estate investment partnership with the Abu Dhabi National Oil Company (ADNOC). [84], In July 2008, the company closed a $758 million value-add fund. Hexion announced in June 2008 it would refuse to close the deal, prompting a series of legal actions. It operates through the following segments: Credit, Private Equity, and Real Assets. EPS and Revenue estimates are for the next 12 months. See here for a complete list of exchanges and delays. Apollo has had 32 exits. [70][71][72][73] In 2013, Apollo sold out of this investment, making a profit of $1.3 billion. [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. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. The following 36 pages are in this category, out of 36 total. Apollo Group is an investment and management group. 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. #1-Ranked Industry Analyst Patrick Moorhead dives into Dell' APEX Managed Device Services for flexible IT device management. [85], During the financial crisis of 20072008, several of Apollo's investments came under pressure. Tronox has hired advisers to consider the bid and has yet to decide on its next steps, the sources added. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. [30] Ares I and II which were raised were structured as market value CLOs. Apollo Global Management (formerly known as Tango Holdings) is an alternative asset management company. 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. Category:Apollo Global Management companies - Wikipedia Is it time to stick or twist? [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. 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. Language links are at the top of the page across from the title. 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. [137][138], In March 2018, Apollo acquired Mexican-style restaurant chain Qdoba from Jack in the Box. The FCC required Apollo to reduce the daily newspapers to three days or sell them. [98], On March 29, 2011, Apollo became a public company via an IPO. Learn We pursue investment excellence through the tenacity, passion, and integrity of our people. 12. First Republic Bank is dead! Apollo has made 74 investments. Weve seen this firsthand in Shopify Support, a globally disbursed team with a remote work culture in which effective team leads act as mission enablers. Apollo Global Management Company Profile: Financings & Team | PitchBook Were focused on securing pensions so people can retire better and companies can focus on what they do best. [108] In 2017, it was merged into Exela Technologies. Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. 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. Apollo is a high-growth alternative asset manager. [162], In May 2020, Apollo purchased $1.75 billion of preferred stock in Albertsons Companies. Their most recent diversity investment was on Jan 31, 2022, when Legendary Entertainment raised $760M. [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. Marks & Spencer . The company was founded by Marc Jeffrey Rowan, Leon David Black, and Joshua Jordan Harris in 1990 and is headquartered in New York, NY. [59], In 2006, Apollo acquired International Paper's coated paper and supercalendered paper business for $1.4 billion, renaming the business Verso Paper. [69], In April 2007, Apollo acquired Realogy, a franchisor that owns Coldwell Banker, Century 21, and Sotheby's International Realty, for $8.5 billion. 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. The fund, ACT Capital, is part of the $50 billion sustainable investment target Apollo set for itself last year. The History of Apollo Global Management - A Timeline | Apollo Global Apollo Global Management - CB Insights [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.

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