Balancing my desire for a collaborative culture with managing individuals who espouse an opposite result no matter the topic has been a challenge. [165] The same month, Apollo and The Walt Disney Company sold Endemol Shine Group to French studio Banijay Group. 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. [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. Apollo has made 74 investments. The following 36 pages are in this category, out of 36 total. [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. Rackspace was started by founders as an application developer but later the company became a cloud computing company. Long live JPMorgan! From PBMS, Apollo formed Novitex Enterprise Solutions. My goal is to provide practical advice and insights to help my readers make informed financial decisions and achieve their financial goals. 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. About Apollo Global Management. Photobooks, prints, Personalized Cards, Gifts, and many more. 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. We value creativity and imagination in everything that we do. Global PE deals for May 2, 2023 | PitchBook notable investors of these companies, their management team, and recent news are also included. Blackstone is a private equity, alternative asset management, and financial services firm. Apollo Global Management, Inc. | LinkedIn Apollo is a high-growth alternative asset manager. At Apollo, we have built out an entire ecosystem around empowering retirees. The founders of Apollo are Leon Black, Josh Harris, and Mark Rowan. [121][122], In November 2016, investment funds managed by Apollo acquired Rackspace. Apollo hits record $414bn AuM thanks to insurance deals & ACRA Apollo . The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors. Tasnee, through a subsidiary, is now Tronox's biggest shareholder with a 24% stake. [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. 2023 Forbes Media LLC. [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. Is Apollo Global Management Inc. (NYSE:APO) Predicted To Soar? Apollo Global Management (APO) Scheduled to Post Earnings on Tuesday BRIAN SOZZI: Lots to talk about on the future of Apollo. 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. Verizon sells media businesses including Yahoo and AOL to Apollo - CNBC 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 . Watch Apollo CEO Marc Rowan and Lead Portfolio Manager Matt OMara discuss how alternatives might help address the challenges faced today by investors in public markets. It operates through the following segments: Credit, Private Equity, and Real Assets. 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. [142][143], In February 2019, AGM was in talks to buy Nexstar Media Group for over $1 billion. [22], In April 1993, Apollo Real Estate Investment Fund, L.P., the first in a family of real estate "opportunity funds", was closed with $500 million of investor commitments. [118], In February 2016, Apollo agreed to acquire The ADT Corporation for $6.9 billion. [190], In May 2022, Apollo acquired the US asset management business of Griffin Capital. Use Forbes logos and quotes in your marketing. Following the purchase, Apollo ordered a new ship for Regent. See here for a complete list of exchanges and delays. In the last year and a half, Apollo Global Management has almost doubled the total number of employees at companies it owns, growing from about 290,000 employees to over 550,000. 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. Yahoo Inc. is an American multinational Technology Company. Learn about how Apollo Private Equity worked with Sun Country Airlines to grow its business during the most unprecedented time in airline history. [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. Apollo Global Management CEO Marc Rowan joins Yahoo Finance Live's Brian Sozzi at the Milken Institute Global Conference 2023 in Beverly Hills, CA, to discuss global dealmaking in 2023, JPMorgan's acquisition of First Republic Bank, and the outlook for regional banking. Even with the threat of ransomware, the transition from managing infrastructure to managing data could not have happened at a better time. Disclosure: Apollo Global Management is the parent company of Yahoo Finance. Industry: Investment & Asset Management. [119], In June 2016, funds managed by Apollo Global Management acquired Diamond Resorts International. 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. Since inception, Pegasus has raised $1.8 billion in four private-equity funds focused on investments in middle-market companies in financial distress. 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. Bain Capital is considering a competing offer to Silver Lake's $2.4 billion acquisition deal for Germany's Software AG, Bloomberg reported. 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. Company. It was sold in May 2019. In 2002, Ares completed a corporate spin-off from Apollo management. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Aspen Insurance Holdings Limited acquired by Apollo . Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Our Standards: The Thomson Reuters Trust Principles. . Apollo Global Management Inc. Cl A Company & People | APO1 | Barron's It operates through the following segments: Credit, Private Equity, and Real Assets. . Apollo Global Management, Inc provides asset management services. See here for a complete list of exchanges and delays. Apollos Yield business is uniquely positioned to provide companies like AB InBev with the long-term, creative capital solutions they need to grow. Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. Hear more At Apollo, we aim to integrate sustainability into everything we do. [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). We work every day to earn the trust of our stakeholders by being a fair, ethical, and responsible partner. This category has the following 4 subcategories, out of 4 total. We find uncommon opportunities and sources of growth through continual learning, contrarian thinking, and rigorous debate. Apollo - Investments, Portfolio & Company Exits - CrunchBase Apollo profits beat expectations in first results since strategy [163][164], In July 2020, Apollo launched a $12 billion platform to make big loans. What's the investment trend over time for this hub? Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. In November 2008, Realogy launched an exchange offer for a portion of its debt to provide additional flexibility, prompting a lawsuit from Carl Icahn. 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. [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. Eliant is providing flexible capital solutions for an ever-changing world by helping companies optimize their supply chains. Serve breakfast, lunch and dinner (if you stay late). Apollo Global Management | APO Stock Price, Company Overview & News Everton's former director of football has spoken about what happened behind the scenes during his time at the club. Tronox makes titanium dioxide pigment and other chemicals used to add brightness and durability to paints, plastics and paper. 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. save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. [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. Founded in 1990, Apollo Global Management is a private equity and investment management firm headquartered in New York City, New York. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Learn how Apollos origination platforms are helping to finance stronger businesses. We are empowering retirees, building and financing stronger businesses, and driving a more sustainable future. 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. [41][citation needed], In 2002, when Ares raised its first corporate opportunities fund, the firm announced that it would separate from its former parent company. [67][68], In April 2007, Apollo acquired Noranda Aluminum, the US aluminum business of Xstrata for $1.15 billion. Here are some ways to put healthy conflict resolution into practice. [44], In April 2004, Apollo raised $930 million through an initial public offering for a listed business development company, Apollo Investment Corporation. Apollo aims to be a leading provider of capital for the energy transition. Apollo Reports Fourth Quarter and Full Year 2022 Results, Apollo Launches Clean Transition Capital Strategy to Support Firmwide Target to Deploy $50 Billion by 2027. Description. 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. Working at Apollo Global Management | Glassdoor 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 . [182], In September 2021, investment funds managed by Apollo acquired 90% of Yahoo!. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. Insights about top trending companies, startups, investments and M&A activities, 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 Global Management beat profit expectations in its first results since its merger with life insurance company Athene in January, a deal that dramatically transformed the private equity giant . [45] AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies, including public companies. [44], Also in 2008, Apollo opened an office in India, its first office in Asia. [108] In 2017, it was merged into Exela Technologies. In 2021, Apollo Private Equity Funds agreed to acquire Lumen Technologies ILEC assets and associated operations to create Brightspeed Internet. Apollo Global Management, Inc. | 224,198 followers on LinkedIn. As of April 8, 2008, the fund had generated a 54% IRR net of fees. 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. . Apollo launches $4 billion fund in clean energy push | Reuters 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. [114], In May 2015, Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion. Apollo Global Management has an overall rating of 3.7 out of 5, based on over 242 reviews left anonymously by employees. Our asset management business provides companies with innovative capital solutions and support to fund their growth and build stronger businesses. Tronox has hired advisers to consider the bid and has yet to decide on its next steps, the sources added. Yahoo Inc. mainly focuses on media and online businesses. Apollo . Monetary Policy Timing, See Details of [7][8] AAA's investment portfolio was made up of a mix of private-equity and capital-markets investments. 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 . Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. Wall Street has also been pressured by climate activists, who have been asking banks to commit to stopping funding for new fossil fuel projects. We seek to provide our clients excess return at every point along the risk . EXCLUSIVE Buyout firm Apollo makes $4.3 billion offer to buy Tronox [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. [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. AAA was formed to invest alongside Apollo's main private-equity funds and hedge funds. My passion is personal finance and financial advising. Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. See here for a complete list of exchanges and delays. Apollo Group is an investment and management group. All quotes delayed a minimum of 15 minutes. 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. Stock analysis for Apollo Global Management Inc (APO:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. This rating has improved by 6% over the last 12 months. 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. Apollo Global Management invests in credit, private equity, and real assets. [174][175], In May 2021, Apollo's Gamenet acquired the Italian gaming businesses of International Game Technology for 950 million. It operates through the following segments: Credit, Private Equity, and Real Assets. 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. Apollo has had 32 exits. Spoiler: They're loving it. This article explains how to leverage it. [125][126][127][128], In February 2017, Apollo Education Group, the parent company of the University of Phoenix, was acquired by investment funds managed by Apollo and the Vistria Group, for $1.14 billion. [55], In August 2006, Apollo launched a $2 billion vehicle in Europe, AP Alternative Assets. Type: Company - Public (APO) Industry: Investment & Asset Management. The sources cautioned that there is no certainty that Tronox will agree to any deal. It is an employment website whose offices are in the United States, Canada, Europe, and Asia. [84], In July 2008, the company closed a $758 million value-add fund. 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. 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. 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. Middle managers play an essential role in the freelance revolution. 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 Global Management - Wikipedia Hexion announced in June 2008 it would refuse to close the deal, prompting a series of legal actions. The first of these new affiliates, founded in 2003, was Apollo Distressed Investment Fund (DIF) Management, a credit-opportunity investment vehicle. Apollo Global Management: Leading Asset Manager | Global Wealth Apollo Commercial Real Estate Finance (NYSE: ARI) MidCap Financial Investment Corp. (NASDAQ: MFIC) Preferred Stockholders. Aug 28, 2018 . We invest across Yield, Hybrid, and Equity markets, seeking to generate excess returns for our clients across the full risk-reward spectrum. Apollo Global Management Reviews | Glassdoor He is currently a Director of several listed companies that operate in the resources sector, including Prairie Mining Limited, Equatorial Resources Limited . See here for a complete list of exchanges and delays. [85], During the financial crisis of 20072008, several of Apollo's investments came under pressure. 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. The industry leader for online information for tax, accounting and finance professionals. It also serves retirement income and financial solutions to its clients. Intrado is a telecommunications company in America that was formerly called West Corporation. [19], Apollo acquired interests in companies that Drexel had helped finance by purchasing high-yield bonds from failed savings and loans and insurance companies. We are committed to helping them build stronger businesses. Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Since our founding in 1990, we have established a notable record of success in alternative investments. [86][87] In 2009, the company was sued by a noteholder claiming mismanagement. 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. [24] Fund III was only an average performer for private-equity funds of its vintage.
