apollo global management companies

[57] Apollo raised an additional $500 million via private placements in the weeks following that sale. Institutional investors partner with us to seek excess returns across the risk/reward spectrum. [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. But we have to start with what we saw this . Apollo Global Management, Inc. engages in the provision of alternative investment management services. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Our business exists to serve these stakeholders including our limited partners, policyholders, regulators, portfolio companies, shareholders, employees, and communities. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Bain Capital is considering a competing offer to Silver Lake's $2.4 billion acquisition deal for Germany's Software AG, Bloomberg reported. Novitex is a document-outsourcing provider that manages business-critical services for over 500 companies across 10 industries. 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. More than 2,100 Apollo employees, including more than 680 investment professionals, work from our offices . Apollo Global Management, Inc. provides asset management services. We seek to not only preserve capital, but also to generate exceptional returns over the long term. What's the most common final funding type when companies get acquired? It operates through three segments: Asset Management, Retirement Services, and Principal Investing. Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. Use Forbes logos and quotes in your marketing. | Apollo is a high-growth, global alternative asset manager. 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. [7][8], In September 2004, investment funds managed by Apollo and Sterling Partners acquired Connections Academy. 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. 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[144] However, on February 14, 2019, Cox Media Group announced that it was selling its 14 television stations to Apollo. [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. [109], On March 11, 2013, Apollo Global Management made the only bid for the snacks business of Hostess Brands, including Twinkies, for $410 million. Our asset management business provides companies with innovative capital solutions and support to fund their growth and build stronger businesses. 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. While remote work has its challenges, it can become a source of employee engagement. The leading provider of retirement income solutions to institutions, companies, and individuals. Apollo acquired several large portfolios of assets from the U.S. government's Resolution Trust Corporation. [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. Doubt can be an engine for change and creativity. 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. Our clients rely on our investment acumen to help secure their future. Apollo and . [57][8][76], In January 2008, Apollo and TPG Capital acquired Harrah's Entertainment for $27.4 billion, including the assumption of existing debt. [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. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. [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. 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. 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. Apollo Asset Management (NYSE: AAM PrA-B) Athene (NYSE: ATH.PRA-D) Closed-End Funds. 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. [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]. [43], Following the spin-off of Ares in 2002, Apollo developed two new affiliates to continue its investment activities in the capital markets. [2] Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. Canada's Brookfield Asset Management (BAM.TO) raised $15 billion last year for it first impact fund focused on energy transition. Apollo Global Management, Inc. (NYSE: APO), Apollo Commercial Real Estate Finance (NYSE: ARI), MidCap Financial Investment Corp. (NASDAQ: MFIC), Apollo Asset Management (NYSE: AAM PrA-B), Apollo Senior Floating Rate Fund (NYSE: AFT), At the Forefront of Democratizing Finance, Apollo Hybrid Value on the Launch, Growth and Sale of Blume Global, Apollo Leads Largest-Ever Music ABS Transaction for Concord, Sun Country Airlines: Cleared for Take Off, Energos Infrastructure Supports EU Energy Security, FlexGen: Enabling Today's Energy Transition. Serve breakfast, lunch and dinner (if you stay late). 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. Aspen Insurance Holdings Limited acquired by Apollo . Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The loans were reported to have been sold in the "mid-80 cents on the dollar" relative to face value. This article explains how to leverage it. This category has the following 4 subcategories, out of 4 total. [23], In 1995, Apollo raised its third private-equity fund, Apollo Investment Fund III, with $1.5 billion of investor commitments from investors that included CalPERS and the General Motors pension fund. Apollo Group is an investment and management group. Create Comparison. Yahoo Inc. is an American multinational Technology Company. 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. [123][124], In 2016, investment funds managed by Apollo acquired Constellis for $1 billion. Wall Street has also been pressured by climate activists, who have been asking banks to commit to stopping funding for new fossil fuel projects. [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. EPS and Revenue estimates are for the next 12 months. [81], In April 2008, Apollo, TPG Capital, and The Blackstone Group acquired $12.5 billion of bank loans from Citigroup. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a . 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. In 2002, Ares completed a corporate spin-off from Apollo management. 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 . Shortly thereafter, Ares completed fundraising for Ares Corporate Opportunities Fund, a special-situations investment fund with $750 million of capital under management. [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. Is it time to stick or twist? [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 has had 32 exits. [75], In November 2007, the company sold 9% of itself to the Abu Dhabi Investment Authority. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. [106][107], In 2013, Apollo acquired Pitney Bowes Management Services (PBMS) for $400 million. My passion is personal finance and financial advising. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. [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. Apollo Global Management is a global asset management firm that specializes in credit-oriented capital and real estate markets. Learn more in the Weekly Brief. Is there any room for doubt? 1990. [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.

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