Disclosure: Apollo Global Management is the parent company of Yahoo Finance. It was started in 2017 and is present till now. [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. Photobooks, prints, Personalized Cards, Gifts, and many more. Apollos Yield business is uniquely positioned to provide companies like AB InBev with the long-term, creative capital solutions they need to grow. Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. Since our founding in 1990, we have built a leading global alternative asset management business by staying true to our core principles. 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. Bain Capital is considering a competing offer to Silver Lake's $2.4 billion acquisition deal for Germany's Software AG, Bloomberg reported. Apollo declined to comment. Apollo Global Management, Inc provides asset management services. 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 . 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. 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. [14][15] Apollo purchased distressed securities, which could be converted into a controlling interest in the equity of the company through a bankruptcy reorganization or other restructuring. Apollo Global Management invests in credit, private equity, and real assets. Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") is one of the world's leading alternative investment managers. 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. [citation needed], At the time of Apollo's founding, little financing was available for new leveraged buyouts and Apollo turned, instead, to a strategy of distressed-to-control takeovers. Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. Management speaks about work life balance all the time but keeps a very lean accounting/finance group that is often working well past 9 PM nearly all year long. The loans were reported to have been sold in the "mid-80 cents on the dollar" relative to face value. Apollo Global Management (APO) Stock Price Performance, Apollo Global Management (APO) Stock Key Data, Total Enterprise Value to Total Revenue (ttm). Eliant is providing flexible capital solutions for an ever-changing world by helping companies optimize their supply chains. My goal is to provide practical advice and insights to help my readers make informed financial decisions and achieve their financial goals. 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. [144] However, on February 14, 2019, Cox Media Group announced that it was selling its 14 television stations to Apollo. The company was founded by Marc . 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. We value creativity and imagination in everything that we do. Insights about top trending companies, startups, investments and M&A activities. 52 Jobs. Tasnee, through a subsidiary, is now Tronox's biggest shareholder with a 24% stake. Their most recent investment was on Apr 17, 2023, when Cengage Group raised $500M. 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. 68% of employees would recommend working at Apollo Global Management to a friend and 75% have a positive outlook for the business. [163][164], In July 2020, Apollo launched a $12 billion platform to make big loans. It operates through the following segments: Credit, Private Equity, and Real Assets. [96][97], In January 2011, Apollo acquired 51% of Alcan Engineered Products from Rio Tinto Group. Apollo (NYSE: APO) offers a global alternative asset manager that provides capital solutions and support to fund its growth and build stronger businesses. [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]. We have a value-oriented approach across private equity, credit, and real estate. 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 now serves institutional and individual investors across the risk-return spectrumin yield, hybrid and equity strategies. It was sold in May 2019. Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. 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, Inc. | 230,204 followers on LinkedIn. At Apollo, we have built out an entire ecosystem around empowering retirees. Providing innovative solutions throughout the capital structure to fund growth and build stronger businesses. | Apollo is a high-growth, global alternative asset manager. Apollo is a high-growth alternative asset manager. The first of these new affiliates, founded in 2003, was Apollo Distressed Investment Fund (DIF) Management, a credit-opportunity investment vehicle. [161], In April 2020, AGM announced that it would invest $300 million in Cimpress, an Irish-domiciled printing group that owns Vistaprint. The industry leader for online information for tax, accounting and finance professionals. Middle managers play an essential role in the freelance revolution. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Learn how we partner with companies and investors to drive global change. About Apollo Global Management. Apollo Global Management, Inc. provides asset management services. My passion is personal finance and financial advising. Also in 1995, Apollo founding partner Craig Cogut left the firm to found Pegasus Capital Advisors. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. [43], Following the spin-off of Ares in 2002, Apollo developed two new affiliates to continue its investment activities in the capital markets. [108] In 2017, it was merged into Exela Technologies. [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. [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). Our breadth and scale enable us to deliver capital for even the largest projects and our small firm mindset ensures we will be a thoughtful and dedicated partner to these organizations. KKR (Kohlberg Kravis Roberts) is an investment firm that offers alternative asset management as well as capital markets and insurance solutions. Our Standards: The Thomson Reuters Trust Principles. Aug 28, 2018 . Tronox makes titanium dioxide pigment and other chemicals used to add brightness and durability to paints, plastics and paper. 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 . [121][122], In November 2016, investment funds managed by Apollo acquired Rackspace. Apollo used distressed debt as an entry point, enabling the firm to invest in such firms as Vail Resorts,[16] Walter Industries,[17][18] Culligan, and Samsonite. 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. 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. Leaders are expected to be confident. The company was founded by Marc Jeffrey Rowan, Leon David Black, and Joshua Jordan Harris in 1990 and is headquartered in New York, NY. Apollo 's most notable exits include Western Digital , Airbnb . Each of us has benefitted from someone taking a chance on us. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. [120] It was sold to Hilton Worldwide in August 2021. [19], Apollo acquired interests in companies that Drexel had helped finance by purchasing high-yield bonds from failed savings and loans and insurance companies. Academi, founded by Erik Prince and formerly known as Blackwater USA, is best known for its role in the Nisour Square massacre, where Blackwater guards killed 17 Iraqi civilians and injured 20. See here for a complete list of exchanges and delays. The Real Assets segment includes investment in real estate equity and infrastructure equity; and real estate and infrastructure debt. START FREE TRIAL It was sold in 2011 for $400 million. #1-Ranked Industry Analyst Patrick Moorhead dives into Dell' APEX Managed Device Services for flexible IT device management. [147] On February 10, 2020, Cox Enterprises bought back the Ohio newspapers it sold to AGM. Learn how Apollos origination platforms are helping to finance stronger businesses. Apollo aims to be a leading provider of capital for the energy transition. Apollo Capital Solutions (ACS) is helping companies access Apollos full platform of flexible and holistic capital solutions. [115][116], In June 2015, Apollo agreed to acquire OM Group for $1.03 billion. notable investors of these companies, their management team, and recent news are also included. [30] Ares I and II which were raised were structured as market value CLOs. Apollo Global Management, Inc. 2023 All Rights Reserved. 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. In June 2007, Smart & Final completed the acquisition of the Henry's Marketplace chain of "farmers market" style food retailers from Wild Oats Markets as part of that company's acquisition by Whole Foods Market. 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. 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. [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]. We find uncommon opportunities and sources of growth through continual learning, contrarian thinking, and rigorous debate. Everton's former director of football has spoken about what happened behind the scenes during his time at the club. We work every day to earn the trust of our stakeholders by being a fair, ethical, and responsible partner. Our Equity business is focused on value-oriented opportunities where we can drive financial and operational performance to build stronger companies. 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. [98], On March 29, 2011, Apollo became a public company via an IPO. 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]. [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. [183][184], In January 2022, Apollo acquired Athene, a retirement services business. Apollo gives customized financing solutions to private middle companies. Smart Media. Apollo Global Management (formerly known as Tango Holdings) is an alternative asset management company. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. 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. [106][107], In 2013, Apollo acquired Pitney Bowes Management Services (PBMS) for $400 million. ACT Capital will invest in companies globally, Apollo said. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Exclusive news, data and analytics for financial market professionals, Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Krishna Chandra Eluri. We seek to not only preserve capital, but also to generate exceptional returns over the long term. [118], In February 2016, Apollo agreed to acquire The ADT Corporation for $6.9 billion. [99][100][101], In March 2012, Apollo acquired the unprofitable Great Wolf Resorts for $703 million. We are committed to helping them build stronger businesses. [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. It operates through the following segments: Credit, Private Equity, and Real Assets. He is currently a Director of several listed companies that operate in the resources sector, including Prairie Mining Limited, Equatorial Resources Limited . Marks & Spencer acquired by Apollo . We believe that mastering how to invest in Alternatives is more important today than ever. [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. whether providing guaranteed income products through Athene or tailored portfolio and asset management services to external retirement plans . Yahoo Inc. mainly focuses on media and online businesses. But we have to start with what we saw this . 12. The founders of Apollo are Leon Black, Josh Harris, and Mark Rowan. save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. In April 2001, Apollo raised Apollo Investment Fund V with $3.7 billion of investor commitments. For individuals and their advisors, we offer a growing range of wealth management solutions to meet their needs by going beyond the public markets. RT @BloombergTV: Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is expanding its London o. The leading provider of retirement income solutions to institutions, companies, and individuals. [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. [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. 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. 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. Apollo Private Equity Funds supported the transformation of McGraw Hill into a leader in the Ed Tech sector with a digital-first approach. Even with the threat of ransomware, the transition from managing infrastructure to managing data could not have happened at a better time. Stock analysis for Apollo Global Management Inc (APO:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. It is an employment website whose offices are in the United States, Canada, Europe, and Asia. Our Standards: The Thomson Reuters Trust Principles. Learn We pursue investment excellence through the tenacity, passion, and integrity of our people. How are IPOs trending over time in this hub? See here for a complete list of exchanges and delays. See Details of 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. Apollo Asset Management (NYSE: AAM PrA-B) Athene (NYSE: ATH.PRA-D) Closed-End Funds. [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. Canada's Brookfield Asset Management (BAM.TO) raised $15 billion last year for it first impact fund focused on energy transition. [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. [69], In April 2007, Apollo acquired Realogy, a franchisor that owns Coldwell Banker, Century 21, and Sotheby's International Realty, for $8.5 billion. Business data for Apollo Global Management, LLC: This page was last edited on 21 April 2023, at 19:40. [32] Among the investments made in Fund V (invested through 2006) were Affinion Group, AMC Entertainment, Berry Plastics, Cablecom, Compass Minerals, General Nutrition Centers (GNC), Goodman Global, Hexion Specialty Chemicals (Borden), Intelsat, Linens 'n Things, Metals USA, Nalco Investment Holdings, Sourcecorp, Spectrasite Communications, and Unity Media. Institutional investors partner with us to seek excess returns across the risk/reward spectrum. 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. Apollo, which was previously known as Apollo Advisors was founded in 1990. Apollo Global Management (formerly known as Tango Holdings) is an alternative asset management company. All values as of most recently reported quarter unless otherwise noted. [55], In August 2006, Apollo launched a $2 billion vehicle in Europe, AP Alternative Assets. [119], In June 2016, funds managed by Apollo Global Management acquired Diamond Resorts International. [151], In August 2019, Apollo agreed to provide around $1.8 billion of debt financing to support New Media Investment Group's acquisition of Gannett. 1990. 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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. 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. In May 2008, Linens filed for bankruptcy protection, costing Apollo all of its $365 million investment in the company. [191][192], In July 2022, investment funds managed by Apollo acquired Tenneco for $7.1 billion. Tronox was spun out of Kerr-McGee Corp in 2005, and in 2019 it acquired the titanium dioxide business of Saudi Arabia's National Titanium Dioxide Company Ltd from Saudi Arabia's Tasnee.
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