Related by Industry: Diversified Financials. [110], In December 2013, Apollo bought a portfolio of Irish home loans from Lloyds Bank for 307 million, less than half their face value. Spoiler: They're loving it. Their most recent diversity investment was on Jan 31, 2022, when Legendary Entertainment raised $760M. Everton's former director of football has spoken about what happened behind the scenes during his time at the club. We find uncommon opportunities and sources of growth through continual learning, contrarian thinking, and rigorous debate. 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. [112][113], In October 2014, Apollo merged its Endemol television studio with 21st Century Fox's Shine Group. Language links are at the top of the page across from the title. It is an American Global Investment Management Firm. [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. [129][130][131][132], In June 2017, investment funds managed by Apollo acquired 80.1% of Philips Lumileds division for $1.5 billion. Apollo and Johnson Controls join forces to provide innovative energy efficiency and decarbonization solutions for commercial buildings. [173] The same month, funds managed by Apollo acquired The Michaels Companies, parent of Michaels. Providing innovative solutions throughout the capital structure to fund growth and build stronger businesses. 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. [80], In February 2008, Apollo acquired Regent Seven Seas Cruises from Carlson Companies for $1 billion. Apollo Global Management, Inc. is an American global private equity firm. Is it time to stick or twist? The FCC required Apollo to reduce the daily newspapers to three days or sell them. [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. 2023 Forbes Media LLC. Global Wealth Management Solutions . 12. [161], In April 2020, AGM announced that it would invest $300 million in Cimpress, an Irish-domiciled printing group that owns Vistaprint. 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. In 2021, Apollo Private Equity Funds agreed to acquire Lumen Technologies ILEC assets and associated operations to create Brightspeed Internet. [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. The shares were bought by an Apollo Global Management subsidiary, Tanager Limited. The merged company became Endemol Shine Group, with AGM and Fox each owning half of the studio. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. We are committed to helping them build stronger businesses. He is currently a Director of several listed companies that operate in the resources sector, including Prairie Mining Limited, Equatorial Resources Limited . [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. [162], In May 2020, Apollo purchased $1.75 billion of preferred stock in Albertsons Companies. 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. [147] On February 10, 2020, Cox Enterprises bought back the Ohio newspapers it sold to AGM. We invest across Yield, Hybrid, and Equity markets, seeking to generate excess returns for our clients across the full risk-reward spectrum. [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]. Apollo Global Management, Inc. (NYSE: APO) Other Listed Vehicles. Constellis is a private military contractor that was created as a result of a merger between rival contractors Triple Canopy and Academi in 2014. Apollo is a high-growth alternative asset manager. 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. Monetary Policy Timing, See Details of 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. 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. Some leading indicators are potentially signaling that the labor market is on the cusp of slowing down. Apollo 's most notable exits include Western Digital , Airbnb . Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Apollo Group is an investment and management group. Bringing the country's entertainment industry to the global market requires a multifaceted approach. RT @BloombergTV: Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is expanding its London o. Our Equity business is focused on value-oriented opportunities where we can drive financial and operational performance to build stronger companies. It was liquidated in 2020. 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. [44], Also in 2008, Apollo opened an office in India, its first office in Asia. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Rackspace Technology Inc. is located in Texas. [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. Apollo Senior Floating Rate Fund (NYSE: AFT) Apollo Tactical Income Fund . Cox Enterprises along with Apollo Global Management maintains about 29% minority skate in the company. The sources cautioned that there is no certainty that Tronox will agree to any deal. In May 2020, Apollo was the lead investor in a group that bought the majority of debt owed by airport baggage handler Swissport, which has 45,000 workers. 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 . The Real Assets segment includes investment in real estate equity and infrastructure equity; and real estate and infrastructure debt. Tronox makes titanium dioxide pigment and other chemicals used to add brightness and durability to paints, plastics and paper. Lion Advisors was replaced by Ares Management. If you experience conflict in the workplace, youre not alone: As many as 85% of employees experience some kind of conflict. [50], In May 2006, Apollo announced the acquisition of Rexnord Corporation, a manufacturer of precision motion-technology products, primarily focused on power transmission, from private-equity firm The Carlyle Group for $1.825 billion. Apollo gives customized financing solutions to private middle companies. Learn more about our history. [119], In June 2016, funds managed by Apollo Global Management acquired Diamond Resorts International. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Apollo Global Management, Inc. | 230,204 followers on LinkedIn. What's the most common types of sub-organization? 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 . Marks & Spencer acquired by Apollo . Apollo Global Management, Inc. engages in the provision of alternative investment management services. #1-Ranked Industry Analyst Patrick Moorhead dives into Dell' APEX Managed Device Services for flexible IT device management. Tronox has hired advisers to consider the bid and has yet to decide on its next steps, the sources added. [53], In June 2006, Apollo acquired Momentive Performance Materials, General Electric's Advanced Materials (Silicones & Quartz) business for approximately $3.8 billion. It operates through the following segments: Credit, Private Equity, and Real Assets. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Apollo aims to be a leading provider of capital for the energy transition. [82][83], In April 2008, Apollo filed a Form S-1 with the U.S. Securities and Exchange Commission in preparation for an IPO on the New York Stock Exchange. ACT Capital will invest in companies globally, Apollo said. Insights about top trending companies, startups, investments and M&A activities. [1] Funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees.[5]. Apollo is accelerating growth for companies leading today's most ambitious renewable energy projects. save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. [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. [69], In April 2007, Apollo acquired Realogy, a franchisor that owns Coldwell Banker, Century 21, and Sotheby's International Realty, for $8.5 billion. All quotes delayed a minimum of 15 minutes. 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. [1] ^ Portfolio companies are those companies that are currently or have been previously owned or controlled by the private equity firm or its affiliate funds. Learn about how Apollo Private Equity worked with Sun Country Airlines to grow its business during the most unprecedented time in airline history. 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. Citigroup had been unable to syndicate the loans before the onset of the credit crunch. 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. Following the purchase, Apollo ordered a new ship for Regent. As of April 8, 2008, the fund had generated a 54% IRR net of fees. [103][104][105], In November 2012, Apollo acquired McGraw-Hill Education for $2.5 billion. Industry: Investment & Asset Management. Founded in 1990, Apollo Global Management is a private equity and investment management firm headquartered in New York City, New York. Angel, Fund of Funds, Venture Capital), Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Announced Date: Date the acquisition was announced, Acquirer Name: Name of the acquiring organization, Transaction Name: Auto-generated name of transaction (e.g. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. [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. Noranda Aluminum includes a primary smelter and three rolling mills in Tennessee, North Carolina, and Arkansas along with other operations. Apollo Global Management, Inc. | 224,198 followers on LinkedIn. Serve breakfast, lunch and dinner (if you stay late). 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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. Learn more in the Weekly Brief. The firm offers performing and non-performing loans, insurance-linked securities, asset-backed securities, distressed debt, senior bank loans, structured credit, and other fixed-income products to . Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. 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. The first of these new affiliates, founded in 2003, was Apollo Distressed Investment Fund (DIF) Management, a credit-opportunity investment vehicle. 68% of employees would recommend working at Apollo Global Management to a friend and 75% have a positive outlook for the business. 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. [79] In December 2018, Apollo cashed out of this investment. Apollo Group has earned a reputation in the global resources sector for identifying, funding and developing world class projects. Tronox in March named its top executives John Romano and Jean-Francois Turgeon as co-chief executives after its previous CEO Jeffry Quinn was referenced, without being mentioned by name, in U.S. Securities and Exchange Commission complaints alleging insider trading at Ferro Corp, another chemicals company where Quinn served as board director. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. In 2011, the Henry's chain was merged with Sprouts Farmers Market, which, like the Henry's markets, had been founded by Henry Boney. Aspen Insurance Holdings Limited . The portfolio comprised primarily senior secured loans that had been made to finance leveraged-buyout transactions at the peak of the market. At Apollo, we have built out an entire ecosystem around empowering retirees. [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 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. In May 2008, Verso became a public company via an IPO.[60][61]. 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. About Apollo Global Management. Apollo has made 74 investments. | Apollo is a high-growth, global alternative asset manager. [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. See here for a complete list of exchanges and delays. Create Comparison. Apollo (NYSE: APO) offers a global alternative asset manager that provides capital solutions and support to fund its growth and build stronger businesses. Tasnee, through a subsidiary, is now Tronox's biggest shareholder with a 24% stake. Verso is the second-largest producer for the North American magazine publishing and catalog/commercial print markets. Our Standards: The Thomson Reuters Trust Principles. Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. 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 . (Disclosure: Apollo Global Management is the parent company of Yahoo Finance.) Aspen Insurance Holdings Limited acquired by Apollo . 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