1990. But we have to start with what we saw this . Apollo, which was previously known as Apollo Advisors was founded in 1990. 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. [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. [85], During the financial crisis of 20072008, several of Apollo's investments came under pressure. 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. Lottomatica, the Italian gambling company backed Apollo Global Management Inc., plans to begin taking investor orders as soon as this week for an initial public offering that could raise about . 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. [148], In February 2019, Apollo acquired Aspen Insurance for $2.6 billion. Constellis is a private military contractor that was created as a result of a merger between rival contractors Triple Canopy and Academi in 2014. Institutional investors partner with us to seek excess returns across the risk/reward spectrum. Apollo Global Management, Inc. is an American global private equity firm. Video Transcript. [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. 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. Which companies in this hub have the most subsidiaries? Apollo Group has then guided these projects through exploration, feasibility and development phases by ensuring they have the necessary management and . It was sold in 2011 for $400 million. As of April 8, 2008, the fund had generated a 10% IRR net of fees. We cultivate an entrepreneurial and collaborative culture that has driven our success while maintaining humility and a growth mindset in how we scale and evolve the firm. Monetary Policy Timing, See Details of 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The first of these new affiliates, founded in 2003, was Apollo Distressed Investment Fund (DIF) Management, a credit-opportunity investment vehicle. This article explains how to leverage it. Also in 1995, Apollo founding partner Craig Cogut left the firm to found Pegasus Capital Advisors. Stock analysis for Apollo Global Management Inc (APO:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. [121][122], In November 2016, investment funds managed by Apollo acquired Rackspace. [58], In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, a manufacturer of whirlpool baths. 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. BRIAN SOZZI: Lots to talk about on the future of Apollo. 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]! Apollo is a high-growth alternative asset manager. It was sold in May 2019. Here are six things that highlight how you should behave as a leader given these post-pandemic realities. Their most recent diversity investment was on Jan 31, 2022, when Legendary Entertainment raised $760M. Learn how we partner with companies and investors to drive global change. Following the purchase, Apollo ordered a new ship for Regent. 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 . Apollo is accelerating growth for companies leading today's most ambitious renewable energy projects. Ares III-Ares X were structured as cash flow CLOs. [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. Rackspace was started by founders as an application developer but later the company became a cloud computing company. Individual investors have long been told that a diversified portfolio of public equities and bonds is the key to a successful retirement plan. Hexion announced in June 2008 it would refuse to close the deal, prompting a series of legal actions. 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. Balancing my desire for a collaborative culture with managing individuals who espouse an opposite result no matter the topic has been a challenge. CareerBuilder was founded in 1995. Which investors participated in the most funding rounds within this hub? Long live JPMorgan! Apollo Group has earned a reputation in the global resources sector for identifying, funding and developing world class projects. Shortly thereafter, Ares completed fundraising for Ares Corporate Opportunities Fund, a special-situations investment fund with $750 million of capital under management. In February 2007, Apollo announced the acquisition of the Smart & Final chain of warehouse-style food and supply stores. Apollo Global Management, Inc. (NYSE: APO) Other Listed Vehicles. Is it time to stick or twist? [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. Category for portfolio companies of the private equity investment firm: Apollo Global Management. Apollo aims to be a leading provider of capital for the energy transition. 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. Apollo is a high-growth, global alternative asset manager. It operates through the following segments: Credit, Private Equity, and Real Assets. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. Cox Enterprises along with Apollo Global Management maintains about 29% minority skate in the company. 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? 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. Apollo Capital Solutions (ACS) is helping companies access Apollos full platform of flexible and holistic capital solutions. My passion is personal finance and financial advising. ", "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. Were focused on securing pensions so people can retire better and companies can focus on what they do best. The transaction was terminated on December 14 after a settlement between Hexion and Huntsman, wherein they were required to pay Huntsman $1 billion to drop fraud charges that would have potentially sent the CEO of Apollo to prison. [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. Apollo has had 32 exits. Tronox has hired advisers to consider the bid and has yet to decide on its next steps, the sources added. The shares were bought by an Apollo Global Management subsidiary, Tanager Limited. In 2008, Claire's experienced financial difficulty amid the slump in consumer spending. The Real Assets segment includes investment in real estate equity and infrastructure equity; and real estate and infrastructure debt. [44], In April 2004, Apollo raised $930 million through an initial public offering for a listed business development company, Apollo Investment Corporation. 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. Learn more in the Weekly Brief. 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 . Photobooks, prints, Personalized Cards, Gifts, and many more. Spoiler: They're loving it. [53], In June 2006, Apollo acquired Momentive Performance Materials, General Electric's Advanced Materials (Silicones & Quartz) business for approximately $3.8 billion. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a . [114], In May 2015, Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion. Apollo Commercial Real Estate Finance (NYSE: ARI) MidCap Financial Investment Corp. (NASDAQ: MFIC) Preferred Stockholders. 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 . [30][31], In 1998, during the dot-com bubble, Apollo raised Apollo Investment Fund IV with $3.6 billion of investor commitments. Blackstone is a private equity, alternative asset management, and financial services firm. Some Apollo Global Management owned companies are: Cox Meia Group is owned by Apollo Global Management Group. Sirius Satellite Radio, University of Phoenix, and Smart and Final are the other companies owned by Apollo. We invest across Yield, Hybrid, and Equity markets, seeking to generate excess returns for our clients across the full risk-reward spectrum. Related by Industry: Diversified Financials. . In November 2008, Realogy launched an exchange offer for a portion of its debt to provide additional flexibility, prompting a lawsuit from Carl Icahn. [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. Founded in 1990, Apollo Global Management is a private equity and investment management firm headquartered in New York City, New York. Intrado became a part of Apollo Global Management in 2017. All Rights Reserved. EPS and Revenue estimates are for the next 12 months. . [80], In February 2008, Apollo acquired Regent Seven Seas Cruises from Carlson Companies for $1 billion. My goal is to provide practical advice and insights to help my readers make informed financial decisions and achieve their financial goals. The reskilling challenge: How can we leave no one behind in the energy transition? [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. He is currently a Director of several listed companies that operate in the resources sector, including Prairie Mining Limited, Equatorial Resources Limited . Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. 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. Doubt can be an engine for change and creativity. [citation needed], In 2004, Apollo Real Estate acquired the Value Enhancement Funds family of investment vehicles to broaden its offerings in the "value-added" segment of the real-estate investment spectrum. [2] Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. 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. [161], In April 2020, AGM announced that it would invest $300 million in Cimpress, an Irish-domiciled printing group that owns Vistaprint. 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. From PBMS, Apollo formed Novitex Enterprise Solutions. Rackspace Technology Inc. is located in Texas. Apollo Global Management (formerly known as Tango Holdings) is an alternative asset management company. Apollo now serves institutional and individual investors across the risk-return spectrumin yield, hybrid and equity strategies. [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. Apollo Global Management is a global asset management firm that specializes in credit-oriented capital and real estate markets. Apollo Global Management, Inc. 2023 All Rights Reserved. START FREE TRIAL Lion Advisors was replaced by Ares Management. [190], In May 2022, Apollo acquired the US asset management business of Griffin Capital. 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.
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