He was replaced as CEO by Marc Rowan. [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. It is an American Global Investment Management Firm. [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. What's the most common final funding type when companies get acquired? Category:Apollo Global Management companies - Wikipedia It operates through three segments: Asset Management, Retirement Services, and Principal Investing. The reskilling challenge: How can we leave no one behind in the energy transition? Apollo Global Management (APO) Stock Price Performance, Apollo Global Management (APO) Stock Key Data, Total Enterprise Value to Total Revenue (ttm). All quotes delayed a minimum of 15 minutes. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. [30][31], In 1998, during the dot-com bubble, Apollo raised Apollo Investment Fund IV with $3.6 billion of investor commitments. Smart Media. Apollo, which was previously known as Apollo Advisors was founded in 1990. [84], In July 2008, the company closed a $758 million value-add fund. [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. Also in 1995, Apollo founding partner Craig Cogut left the firm to found Pegasus Capital Advisors. 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. Long live JPMorgan! Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Related by Industry: Diversified Financials. Tasnee, through a subsidiary, is now Tronox's biggest shareholder with a 24% stake. [147] On February 10, 2020, Cox Enterprises bought back the Ohio newspapers it sold to AGM. Insights about top trending companies, startups, investments and M&A activities, 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. Apollo Global Management, Inc. engages in the provision of alternative investment management services. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. 1991. Apollo Global Management is a global asset management firm that specializes in credit-oriented capital and real estate markets. [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. In 2021, Apollo Private Equity Funds agreed to acquire Lumen Technologies ILEC assets and associated operations to create Brightspeed Internet. The Real Assets segment includes investment in real estate equity a Apollo Global Management, Inc. engages in the provision of alternative investment management services. RT @BloombergTV: Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is expanding its London o. What we do Apollo Group Verizon sells media businesses including Yahoo and AOL to Apollo - CNBC 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. Aspen Insurance Holdings Limited . Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. Blackstone is a private equity, alternative asset management, and financial services firm. Apollo Group An investment and management group The History of Apollo Global Management - A Timeline | Apollo Global ", "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. But we have to start with what we saw this . Apollo's Lottomatica to Take IPO Orders as Soon as This Week [70][71][72][73] In 2013, Apollo sold out of this investment, making a profit of $1.3 billion. Verso is the second-largest producer for the North American magazine publishing and catalog/commercial print markets. [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. [109], On March 11, 2013, Apollo Global Management made the only bid for the snacks business of Hostess Brands, including Twinkies, for $410 million. The founders of Apollo are Leon Black, Josh Harris, and Mark Rowan. [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 Global Management (APO) Scheduled to Post Earnings on Tuesday Doubt can be an engine for change and creativity. Apollo Global Management: Leading Asset Manager | Global Wealth [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 Global Management invests in credit, private equity, and real assets. My passion is personal finance and financial advising. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. [148], In February 2019, Apollo acquired Aspen Insurance for $2.6 billion. Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") is one of the world's leading alternative investment managers. [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. Aspen Insurance Holdings Limited acquired by Apollo . Labor Risks. Some Apollo Global Management owned companies are: Cox Meia Group is owned by Apollo Global Management Group. Insights about top trending companies, startups, investments and M&A activities. Learn about how Apollo Private Equity worked with Sun Country Airlines to grow its business during the most unprecedented time in airline history. [115][116], In June 2015, Apollo agreed to acquire OM Group for $1.03 billion. Apollo - Investments, Portfolio & Company Exits - CrunchBase [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. [110], In December 2013, Apollo bought a portfolio of Irish home loans from Lloyds Bank for 307 million, less than half their face value. Our clients rely on our investment acumen to help secure their future. 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. The FCC required Apollo to reduce the daily newspapers to three days or sell them. We value creativity and imagination in everything that we do. Rackspace was started by founders as an application developer but later the company became a cloud computing company. [133][134], In October 2017, Apollo acquired West Corp for about $2 billion. Apollo Global Management | APO Stock Price, Company Overview & News [89][90], In December 2008, Apollo completed fundraising for its latest fund, Apollo Investment Fund VII, with roughly $14.7 billion of investor commitments. 2023 Forbes Media LLC. [85], During the financial crisis of 20072008, several of Apollo's investments came under pressure. Learn how Apollos origination platforms are helping to finance stronger businesses. In 1997, Ares Management was founded by Antony Ressler and John H. Kissick, both partners at Apollo, as well as Bennett Rosenthal, who joined the group from the global leveraged finance group at Merrill Lynch, to manage a $1.2 billion market value collateralized debt obligation vehicle. Video Transcript. 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 . 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. 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. AAA was formed to invest alongside Apollo's main private-equity funds and hedge funds. [120] It was sold to Hilton Worldwide in August 2021. The Real Assets segment includes investment in real estate equity and infrastructure equity; and real estate and infrastructure debt. Using this vehicle, Apollo purchased the Executive Life portfolio, profiting when the value of high-yield bonds recovered, but also resulting in a variety of state regulatory issues for Apollo and Credit Lyonnais over the purchase. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Apollo, which was previously known as Apollo Advisors was founded in 1990. [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. [59], In 2006, Apollo acquired International Paper's coated paper and supercalendered paper business for $1.4 billion, renaming the business Verso Paper. 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. 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. We work every day to earn the trust of our stakeholders by being a fair, ethical, and responsible partner. Intrado became a part of Apollo Global Management in 2017. Stock analysis for Apollo Global Management Inc (APO:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. It is an American Global Investment Management Firm. [49] Although Apollo was involved in a number of notable and large buyouts, the firm avoided the very largest transactions during the time. What Companies Does Apollo Global Management Own In 2023 - DATAROMA Apollo Global Management has an overall rating of 3.7 out of 5, based on over 242 reviews left anonymously by employees. Hexion announced in July 2007 that it was acquiring Huntsman Corporation, a major specialty-chemicals company, in a $6.5 billion leveraged buyout. 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. Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is . Ares III-Ares X were structured as cash flow CLOs. 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. [173] The same month, funds managed by Apollo acquired The Michaels Companies, parent of Michaels. Working at Apollo Global Management | Glassdoor CareerBuilder was founded in 1995. Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. 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. In 2002, Ares completed a corporate spin-off from Apollo management. As of April 8, 2008, the fund had generated a 54% IRR net of fees. [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. Were focused on securing pensions so people can retire better and companies can focus on what they do best. At Apollo, we have built out an entire ecosystem around empowering retirees. EXCLUSIVE Buyout firm Apollo makes $4.3 billion offer to buy Tronox Apollo Private Equity Funds supported the transformation of McGraw Hill into a leader in the Ed Tech sector with a digital-first approach. [121][122], In November 2016, investment funds managed by Apollo acquired Rackspace. Apollo Global Management: A Unique Approach Creates Unique Sirius Satellite Radio, University of Phoenix, and Smart and Final are the other companies owned by Apollo. 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. [24] Fund III was only an average performer for private-equity funds of its vintage. Apollo Global Management Company Profile . 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. [45] AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies, including public companies. Apollo Global Management - Wikipedia Bain Capital is considering a competing offer to Silver Lake's $2.4 billion acquisition deal for Germany's Software AG, Bloomberg reported. Serve breakfast, lunch and dinner (if you stay late). Academi, founded by Erik Prince and formerly known as Blackwater USA, is best known for its role in the Nisour Square massacre, where Blackwater guards killed 17 Iraqi civilians and injured 20. Cox Enterprises along with Apollo Global Management maintains about 29% minority skate in the company. Apollo Global Management is a global asset management firm that specializes in credit-oriented capital and real estate markets. What's the most common types of sub-organization? This rating has improved by 6% over the last 12 months. [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. [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 - CB Insights Merx Aviation [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. Here are six things that highlight how you should behave as a leader given these post-pandemic realities. We have a value-oriented approach across private equity, credit, and real estate. [86][87] In 2009, the company was sued by a noteholder claiming mismanagement. The fund, ACT Capital, is part of the $50 billion sustainable investment target Apollo set for itself last year. [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). [180][181] The same month, Apollo launched a $500 million fund to invest in SPACs. It was sold in May 2019. [123][124], In 2016, investment funds managed by Apollo acquired Constellis for $1 billion. Apollo Global Management invests in credit, private equity, and real assets. At all levels, we empower our people to make decisions and coach them to accelerate their personal development as leaders. Sept 13 (Reuters) - Private equity firm Apollo Global Management Inc (APO.N) has approached Tronox Holdings Plc (TROX.N), one of the world's largest pigment manufacturers, with a $4.3 billion all-cash offer, people familiar with the matter said on Monday. Across all parts of our business, we invest alongside our clients and take a responsible, knowledgeable approach to drive positive outcomes. Apollo gives customized financing solutions to private middle companies. Hear more At Apollo, we aim to integrate sustainability into everything we do. The first of these new affiliates, founded in 2003, was Apollo Distressed Investment Fund (DIF) Management, a credit-opportunity investment vehicle.