[30] Ares I and II which were raised were structured as market value CLOs. Also in 1995, Apollo founding partner Craig Cogut left the firm to found Pegasus Capital Advisors. But we have to start with what we saw this . Is there any room for doubt? The industry leader for online information for tax, accounting and finance professionals. Use Forbes logos and quotes in your marketing. Apollo Global Management (APO) Stock Price Performance, Apollo Global Management (APO) Stock Key Data, Total Enterprise Value to Total Revenue (ttm). 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 Global Management, Inc. | 224,198 followers on LinkedIn. Apollo Global Management, Inc. 2023 All Rights Reserved. Learn how Apollos origination platforms are helping to finance stronger businesses. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Since 2008, Apollos ESG program has set the standard for ESG reporting within our industry. 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. Related by Industry: Diversified Financials. Marks & Spencer . The following 36 pages are in this category, out of 36 total. BRIAN SOZZI: Lots to talk about on the future of Apollo. Our Standards: The Thomson Reuters Trust Principles. [84], In July 2008, the company closed a $758 million value-add fund. 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. Cox Enterprises along with Apollo Global Management maintains about 29% minority skate in the company. In February 2007, Apollo announced the acquisition of the Smart & Final chain of warehouse-style food and supply stores. Angel - Uber), Money Raised: Amount of money raised in Funding Round, Total number of investments made by investors in this hub, Announced Date: Date when the Investment is announced, Investor Name: Name of the investor who participated in the Investment, Funding Round: Name of the funding round where the Investment is made, Number of Investors: Total number of Investors in a Funding Round, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Organization/Person Name: Name of the Organization or Person, Location: Where the organization is headquartered, Investor Type: This describes the type of investor this organization or person is (e.g. A regulated futures marketplace provides continuity of risk transfer and price discovery for the crypto industry. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. 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. [49] Although Apollo was involved in a number of notable and large buyouts, the firm avoided the very largest transactions during the time. See here for a complete list of exchanges and delays. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. The leading provider of retirement income solutions to institutions, companies, and individuals. Create Comparison. 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 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. 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. [8] It was a Guernsey-domiciled publicly traded, private-equity closed-end, limited partnership, managed by Apollo Alternative Assets, an affiliate of Apollo Management. 68% of employees would recommend working at Apollo Global Management to a friend and 75% have a positive outlook for the business. The shares were bought by an Apollo Global Management subsidiary, Tanager Limited. Apollo Global Management, Inc. is an American global private equity firm. 52 Jobs. It is an American Global Investment Management Firm. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. Ares III-Ares X were structured as cash flow CLOs. . 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. Apollo Global Management, Inc provides asset management services. 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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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The Real Assets segment includes investment in real estate equity a Apollo Global Management, Inc. engages in the provision of alternative investment management services. 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. 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, 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. 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. In 2008, Claire's experienced financial difficulty amid the slump in consumer spending. [32] Among the investments made in Fund IV (invested through 2001) were: Allied Waste Industries,[33] AMC Entertainment,[34] Berlitz International,[35] Clark Retail Enterprises,[36] Corporate Express (Buhrmann), Encompass Services Corporation, National Financial Partners,[37] Pacer International,[38] Rent-A-Center, Resolution Performance Products, Resolution Specialty Materials, Sirius Satellite Radio,[39] SkyTerra Communications, United Rentals, and Wyndham Worldwide.[40]. In 2011, the Henry's chain was merged with Sprouts Farmers Market, which, like the Henry's markets, had been founded by Henry Boney. Apollo is a high-growth, global alternative asset manager. It was started in 2017 and is present till now. Since our founding in 1990, we have built a leading global alternative asset management business by staying true to our core principles. Our asset management business provides companies with innovative capital solutions and support to fund their growth and build stronger businesses. Eliant is providing flexible capital solutions for an ever-changing world by helping companies optimize their supply chains. Merx Aviation is a global aircraft leasing, management and finance company based in New York and Dublin. Apollo and Johnson Controls join forces to provide innovative energy efficiency and decarbonization solutions for commercial buildings. Our Standards: The Thomson Reuters Trust Principles. The sources cautioned that there is no certainty that Tronox will agree to any deal. [1] Funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees.[5]. by Ethan Miller March 21, 2023, 8:10 pm. 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. Apollo has made 3 diversity investments. 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. [69], In April 2007, Apollo acquired Realogy, a franchisor that owns Coldwell Banker, Century 21, and Sotheby's International Realty, for $8.5 billion. 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 . 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. Nov 23, 2021 . [182], In September 2021, investment funds managed by Apollo acquired 90% of Yahoo!. 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. Apollo . [139][140], In June 2018, funds managed by Apollo and Vrde Partners acquired a majority of OneMain Financial. Apollo aims to be a leading provider of capital for the energy transition. Bain Capital is considering a competing offer to Silver Lake's $2.4 billion acquisition deal for Germany's Software AG, Bloomberg reported. It operates through three segments: Asset Management, Retirement Services, and Principal Investing. [24] Fund III was only an average performer for private-equity funds of its vintage. It also serves retirement income and financial solutions to its clients. KKR (Kohlberg Kravis Roberts) is an investment firm that offers alternative asset management as well as capital markets and insurance solutions. Apollo Group has then guided these projects through exploration, feasibility and development phases by ensuring they have the necessary management and . EPS and Revenue estimates are for the next 12 months. We seek to provide our clients excess return at every point along the risk . Although the founders of Ares had completed a corporate spin-off with the formation of the firm in 1997, they had initially maintained a close relationship with Apollo and operated as the West Coast affiliate of Apollo. RT @BloombergTV: Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is expanding its London o. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. In 2002, Ares completed a corporate spin-off from Apollo management. Were focused on securing pensions so people can retire better and companies can focus on what they do best. Which companies in this hub have the most subsidiaries? [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. He is currently a Director of several listed companies that operate in the resources sector, including Prairie Mining Limited, Equatorial Resources Limited . [120] It was sold to Hilton Worldwide in August 2021. Market sentiment can change on a dime and prices can move quickly, especially in emerging markets (EM). [96][97], In January 2011, Apollo acquired 51% of Alcan Engineered Products from Rio Tinto Group. 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. Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. Hexion announced in July 2007 that it was acquiring Huntsman Corporation, a major specialty-chemicals company, in a $6.5 billion leveraged buyout. Apollo Commercial Real Estate Finance (NYSE: ARI) MidCap Financial Investment Corp. (NASDAQ: MFIC) Preferred Stockholders. Noranda Aluminum includes a primary smelter and three rolling mills in Tennessee, North Carolina, and Arkansas along with other operations. 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 . [19], Apollo acquired interests in companies that Drexel had helped finance by purchasing high-yield bonds from failed savings and loans and insurance companies. Our business exists to serve these stakeholders including our limited partners, policyholders, regulators, portfolio companies, shareholders, employees, and communities. Learn more in the Weekly Brief. In 2021, Apollo Private Equity Funds agreed to acquire Lumen Technologies ILEC assets and associated operations to create Brightspeed Internet. 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. Apollo is accelerating growth for companies leading today's most ambitious renewable energy projects. This category has the following 4 subcategories, out of 4 total. Tronox did not disclose whether Quinn was accused of any wrongdoing. Our clients rely on our investment acumen to help secure their future. Learn We pursue investment excellence through the tenacity, passion, and integrity of our people. [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. Apollo (NYSE: APO) offers a global alternative asset manager that provides capital solutions and support to fund its growth and build stronger businesses. See Details of 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. Their most recent diversity investment was on Jan 31, 2022, when Legendary Entertainment raised $760M. [81], In April 2008, Apollo, TPG Capital, and The Blackstone Group acquired $12.5 billion of bank loans from Citigroup. Apollo's 2005 investment in the struggling US retailer Linens 'n Things suffered from a significant debt burden and softening consumer demand. Here are some ways to put healthy conflict resolution into practice. | Apollo is a high-growth, global alternative asset manager. My passion is personal finance and financial advising. [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. Apollo has made 74 investments. Apollo Group is an investment and management group. The company was founded in 1990 and is based in New York, New York. [121][122], In November 2016, investment funds managed by Apollo acquired Rackspace. We have a value-oriented approach across private equity, credit, and real estate. Intrado is a telecommunications company in America that was formerly called West Corporation. [163][164], In July 2020, Apollo launched a $12 billion platform to make big loans. Insights about top trending companies, startups, investments and M&A activities. Among the investments made in Fund III (invested through 1998) were: Alliance Imaging, Allied Waste Industries, Breuners Home Furnishings, Levitz Furniture,[25] Communications Corporation of America, Dominick's, Ralphs (acquired Apollo's Food-4-Less), Move.com, NRT Incorporated,[26] Pillowtex Corporation,[27] Telemundo,[28] and WMC Mortgage Corporation.[29]. Apollo is a high-growth alternative asset manager. Bringing the country's entertainment industry to the global market requires a multifaceted approach. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. [117], Also in June 2015, Apollo won the bidding during an auction for Saint-Gobain's Verallia glass bottle-manufacturing unit for 2.95 billion. Insights about top trending companies, startups, investments and M&A activities, [89][90], In December 2008, Apollo completed fundraising for its latest fund, Apollo Investment Fund VII, with roughly $14.7 billion of investor commitments. Apollo Global Management, Inc. is an American global private equity firm. We believe that mastering how to invest in Alternatives is more important today than ever. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. [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. It was sold in May 2019. Type: Company - Public (APO) Industry: Investment & Asset Management. 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. Is it time to stick or twist? 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. Learn how Apollo is helping to drive a more sustainable future by supporting the growth of FlexGen. More than 2,100 Apollo employees, including more than 680 investment professionals, work from our offices . As of April 8, 2008, the fund had generated a 10% IRR net of fees. 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. Category for portfolio companies of the private equity investment firm: Apollo Global Management. 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. [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. The reskilling challenge: How can we leave no one behind in the energy transition?