The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. Apollo Group and the companies it manages have had considerable success in identifying and acquiring world class projects in commodities such as gold, coal, uranium, iron ore, and base metals. Apollo Global Management: Leading Asset Manager | Global Wealth [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. [57] Apollo raised an additional $500 million via private placements in the weeks following that sale. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Type: Company - Public (APO) Industry: Investment & Asset Management. Apollo and . 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. Apollo Global Management Inc. Cl A Company & People | APO1 | Barron's 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. [133][134], In October 2017, Apollo acquired West Corp for about $2 billion. Lion Advisors was replaced by Ares Management. Monetary Policy Timing, See Details of While that held true for a long timethe mantra is now being challenged. At Apollo, we have built out an entire ecosystem around empowering retirees. In May 2008, Linens filed for bankruptcy protection, costing Apollo all of its $365 million investment in the company. [108] In 2017, it was merged into Exela Technologies. 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. Intrado became a part of Apollo Global Management in 2017. We seek to provide our clients excess return at every point along the risk . [161], In April 2020, AGM announced that it would invest $300 million in Cimpress, an Irish-domiciled printing group that owns Vistaprint. The loans were reported to have been sold in the "mid-80 cents on the dollar" relative to face value. Following Recent Acquisitions, Private Equity Firm Apollo Ranks Among 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. Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. [109], On March 11, 2013, Apollo Global Management made the only bid for the snacks business of Hostess Brands, including Twinkies, for $410 million. Yahoo Inc. mainly focuses on media and online businesses. 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. APO: Apollo Global Management Inc Stock Price Quote - Bloomberg Photobooks, prints, Personalized Cards, Gifts, and many more. This article explains how to leverage it. 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 acquired several large portfolios of assets from the U.S. government's Resolution Trust Corporation. The reskilling challenge: How can we leave no one behind in the energy transition? [148], In February 2019, Apollo acquired Aspen Insurance for $2.6 billion. Apollo Global Management, Inc. provides asset management services. 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 Private Equity Funds supported the transformation of McGraw Hill into a leader in the Ed Tech sector with a digital-first approach. [180][181] The same month, Apollo launched a $500 million fund to invest in SPACs. 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. In April 2001, Apollo raised Apollo Investment Fund V with $3.7 billion of investor commitments. Apollo profits beat expectations in first results since strategy Also in 1995, Apollo founding partner Craig Cogut left the firm to found Pegasus Capital Advisors. [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. Canada's Brookfield Asset Management (BAM.TO) raised $15 billion last year for it first impact fund focused on energy transition. Is it time to stick or twist? Spoiler: They're loving it. [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. Stock analysis for Apollo Global Management Inc (APO:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. We find uncommon opportunities and sources of growth through continual learning, contrarian thinking, and rigorous debate. Eliant is providing flexible capital solutions for an ever-changing world by helping companies optimize their supply chains. See Details of [170][171][172], In April 2021, Apollo launched Apollo Origination Partnership, a $1.8 billion direct-lending fund seeking unlevered returns of 8-10% and 12-14% leveraged returns. More than 2,100 Apollo employees, including more than 680 investment professionals, work from our offices . All quotes delayed a minimum of 15 minutes. Learn how we partner with companies and investors to drive global change. [63][64][65][66], In March 2007, Apollo announced the $3.1 billion leveraged buyouts of costume jewelry retailer Claire's Stores. The business was rebranded as CEVA in November 2007. [77][78], In January 2008, Apollo invested $1 billion in Norwegian Cruise Line to support a recapitalization of the company's balance sheet. History tells us that it takes time for monetary policy to work its way through the economy. The . Apollo has made 74 investments. [79] In December 2018, Apollo cashed out of this investment. It is an employment website whose offices are in the United States, Canada, Europe, and Asia. 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 . Here are six things that highlight how you should behave as a leader given these post-pandemic realities. [67][68], In April 2007, Apollo acquired Noranda Aluminum, the US aluminum business of Xstrata for $1.15 billion. 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 . We have a value-oriented approach across private equity, credit, and real estate. 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. [58], In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, a manufacturer of whirlpool baths. A regulated futures marketplace provides continuity of risk transfer and price discovery for the crypto industry. Several private equity firms have been raising billions of dollars to expand their footprint in the clean energy space, amid calls for more companies to transition away from fossil fuels. But we have to start with what we saw this . [24] Fund III was only an average performer for private-equity funds of its vintage. Merx Aviation is a global aircraft leasing, management and finance company based in New York and Dublin. Some Apollo Global Management owned companies are: Cox Meia Group is owned by Apollo Global Management Group. [86][87] In 2009, the company was sued by a noteholder claiming mismanagement. Each of us has benefitted from someone taking a chance on us. We are empowering retirees, building and financing stronger businesses, and driving a more sustainable future. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. Other founding partners included Michael Gross and Antony Ressler, who worked as a senior vice president in Drexel's high-yield department. Learn how Apollo is helping to drive a more sustainable future by supporting the growth of FlexGen. What Companies Does Apollo Global Management Own In 2023 - DATAROMA It operates through the following segments: Credit, Private Equity, and Real Assets. 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. The shares were bought by an Apollo Global Management subsidiary, Tanager Limited. 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. [54], In August 2006, TNT N.V. announced that it had agreed to the sale of its logistics division to Apollo for $1.9 billion. [51][52], In June 2006, Apollo and Graham Partners announced the acquisition of Berry Plastics, a maker of plastic containers, for $2.25 billion from Goldman Sachs Capital Partners and JPMorgan Partners. [93], In December 2009, Apollo announced the acquisition of Cedar Fair Entertainment Company for $635 million and assumed debt valuing the company at $2.4 billion. [115][116], In June 2015, Apollo agreed to acquire OM Group for $1.03 billion. [121][122], In November 2016, investment funds managed by Apollo acquired Rackspace. Their most recent diversity investment was on Jan 31, 2022, when Legendary Entertainment raised $760M. Here are some ways to put healthy conflict resolution into practice. ACT Capital, 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). Apollo Global Management (APO) Scheduled to Post Earnings on Tuesday 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 . [80], In February 2008, Apollo acquired Regent Seven Seas Cruises from Carlson Companies for $1 billion. Citigroup had been unable to syndicate the loans before the onset of the credit crunch. Is Apollo Global Management Inc. (NYSE:APO) Predicted To Soar? 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. Our retirement services business, Athene, provides a suite of retirement savings products to help clients achieve financial security. 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. [44], In April 2004, Apollo raised $930 million through an initial public offering for a listed business development company, Apollo Investment Corporation. 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 . Apollo . . 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. Language links are at the top of the page across from the title. Apollo Global Management Company History Timeline. The History of Apollo Global Management - A Timeline | Apollo Global [182], In September 2021, investment funds managed by Apollo acquired 90% of Yahoo!. [96][97], In January 2011, Apollo acquired 51% of Alcan Engineered Products from Rio Tinto Group. Our Standards: The Thomson Reuters Trust Principles. Apollo is a very understaffed company with management that is highly demanding and deadline driven. Novitex is a document-outsourcing provider that manages business-critical services for over 500 companies across 10 industries. Which investors participated in the most funding rounds within this hub? [45] AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies, including public companies. Apollo hits record $414bn AuM thanks to insurance deals & ACRA Our Equity business is focused on value-oriented opportunities where we can drive financial and operational performance to build stronger companies. Which companies in this hub have the most subsidiaries? 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. Middle managers play an essential role in the freelance revolution. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. [190], In May 2022, Apollo acquired the US asset management business of Griffin Capital. Apollo Global Management, Inc. 2023 All Rights Reserved. Apollo Global Management Reviews | Glassdoor Apollo 's most notable exits include Western Digital , Airbnb . Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox, according to the sources, who spoke on condition of anonymity. In 2008, Claire's experienced financial difficulty amid the slump in consumer spending. Insights about top trending companies, startups, investments and M&A activities, We must never lose our focus and determination to be the best investors and most trusted partners on their behalf. How much aggregate funding have these organizations raised over time? [147] On February 10, 2020, Cox Enterprises bought back the Ohio newspapers it sold to AGM. U.S. banking system 'is the envy of the world,' Apollo Global Apollo Global Management, Inc provides asset management services. EXCLUSIVE Buyout firm Apollo makes $4.3 billion offer to buy Tronox Apollo Global Management History: Founding, Timeline, and Milestones [46], In 2005, Apollo formed Hexion Specialty Chemicals through the merger of Borden, Inc., Resolution Performance Products LLC, and Resolution Specialty Materials, LLC, and the acquisition of Bakelite AG. 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 . This rating has improved by 6% over the last 12 months. It was sold in 2011 for $400 million. [42] In 2002, Attorney General of California Bill Lockyer accused Apollo, Leon Black, and an investor group led by French bank Credit Lyonnais of violating California law by having a foreign government-owned bank acquire the assets and bond portfolio of Executive Life Insurance Co. in 1991. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. [191][192], In July 2022, investment funds managed by Apollo acquired Tenneco for $7.1 billion. As of April 8, 2008, the fund had generated a 54% IRR net of fees. [19], Apollo acquired interests in companies that Drexel had helped finance by purchasing high-yield bonds from failed savings and loans and insurance companies. [144] However, on February 14, 2019, Cox Media Group announced that it was selling its 14 television stations to Apollo. Our clients rely on our investment acumen to help secure their future. Apollo, which was previously known as Apollo Advisors was founded in 1990. [99][100][101], In March 2012, Apollo acquired the unprofitable Great Wolf Resorts for $703 million. Our asset management business provides companies with innovative capital solutions and support to fund their growth and build stronger businesses. notable investors of these companies, their management team, and recent news are also included. 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. See here for a complete list of exchanges and delays. 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. 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. Apollo Asset Management (NYSE: AAM PrA-B) Athene (NYSE: ATH.PRA-D) Closed-End Funds. The industry leader for online information for tax, accounting and finance professionals. Crypto market turmoil and bank failures have sparked a migration of investors from crypto native platforms to futures. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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 . 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. All values as of most recently reported quarter unless otherwise noted. [142][143], In February 2019, AGM was in talks to buy Nexstar Media Group for over $1 billion. Everton's former director of football has spoken about what happened behind the scenes during his time at the club. Apollo Global Management, Inc. 2023 All Rights Reserved. Apollo Global Management, Inc. (NYSE: APO) Other Listed Vehicles. [89][90], In December 2008, Apollo completed fundraising for its latest fund, Apollo Investment Fund VII, with roughly $14.7 billion of investor commitments. The merged company became Endemol Shine Group, with AGM and Fox each owning half of the studio. [53], In June 2006, Apollo acquired Momentive Performance Materials, General Electric's Advanced Materials (Silicones & Quartz) business for approximately $3.8 billion. 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. Apollo Group is an investment and management group. The Credit segment focuses on the investment in non-control corporate and structured debt instruments including performing, stressed, and distressed instruments across the capital structure. [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. Industry: Investment & Asset Management. [94][95] In April 2010, the deal was terminated due to poor shareholder response. Learn how Apollo's Private Equity platform helps companies across our portfolio create long-term sustainable value. Working at Apollo Global Management: 17 Reviews - Indeed Merx Aviation Leadership & About Apollo Global Management | Apollo Global Management Aspen Insurance Holdings Limited acquired by Apollo . Apollo (NYSE: APO) offers a global alternative asset manager that provides capital solutions and support to fund its growth and build stronger businesses. [92], In November 2009, Liberty Global acquired Unity Media GMBH; funds managed by Apollo owned a 31% interest. 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. RT @BloombergTV: Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is expanding its London o. [75], In November 2007, the company sold 9% of itself to the Abu Dhabi Investment Authority. [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. [3][4][1] As of 2022[update], the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. (Disclosure: Apollo Global Management is the parent company of Yahoo Finance.) But, perhaps the real lead example of insurance related investment float accumulation is Apollo Global Management, Inc. Apollo has hit a new high of $414 billion of assets under its management in . My passion is personal finance and financial advising. Create Comparison. Apollo Group An investment and management group Apollo is a high-growth alternative asset manager. Balancing my desire for a collaborative culture with managing individuals who espouse an opposite result no matter the topic has been a challenge. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. 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. Apollo is a high-growth, global alternative asset manager. Verizon sells media businesses including Yahoo and AOL to Apollo - CNBC Apollo Global Management - Wikipedia Since inception, Pegasus has raised $1.8 billion in four private-equity funds focused on investments in middle-market companies in financial distress. Since our founding in 1990, we have established a notable record of success in alternative investments. We are committed to expanding opportunities across every corner of our ecosystem the workplace, marketplace, and communities in which we operate and across all forms of diversity. Announces Suspension of Trading of Units on Euronext Amsterdam", "UPDATE 1-Verso Paper raises $168 mln in IPO", "Private equity firm to acquire Oceania Cruises for $850M", "Smart & Final sells to Apollo Management affiliate in $813.9M deal", "Merger of Henry's, Sprouts is latest in Boney family's retail saga", "Costume Jewelry Retailer Agrees to a Takeover", "Wave of Bankruptcy Filings Expected From Retailers in Wake of Holidays", "Latest Deal in Real Estate for $9 Billion", "Apollo Management, L.P. Completes Acquisition Of Realogy Corporation", "Icahn Sues Real Estate Company Over Debt", "Buyout Firm Said to Seek a Private Market Offering", "Harrah's Entertainment, Inc.