[7][8] AAA's investment portfolio was made up of a mix of private-equity and capital-markets investments. [103][104][105], In November 2012, Apollo acquired McGraw-Hill Education for $2.5 billion. Apollo Global Management CEO Marc Rowan joins Yahoo Finance Live's Brian Sozzi at the Milken Institute Global Conference 2023 in Beverly Hills, CA, to discuss global dealmaking in 2023, JPMorgan's acquisition of First Republic Bank, and the outlook for regional banking. The . Intrado is a telecommunications company in America that was formerly called West Corporation. [86][87] In 2009, the company was sued by a noteholder claiming mismanagement. 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. Aug 28, 2018 . Apollo has made 74 investments. Tronox did not disclose whether Quinn was accused of any wrongdoing. Apollo aims to be a leading provider of capital for the energy transition. But we have to start with what we saw this . [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. The following 36 pages are in this category, out of 36 total. From PBMS, Apollo formed Novitex Enterprise Solutions. Related by Industry: Diversified Financials. https://en.wikipedia.org/w/index.php?title=Category:Apollo_Global_Management_companies&oldid=978539603, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 15 September 2020, at 14:32. Monetary Policy Timing, See Details of 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. Industry: Investment & Asset Management. Learn how Apollo is helping to drive a more sustainable future by supporting the growth of FlexGen. Yahoo Inc. mainly focuses on media and online businesses. 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 launches $4 billion fund in clean energy push | Reuters Company. Weve seen this firsthand in Shopify Support, a globally disbursed team with a remote work culture in which effective team leads act as mission enablers. It also serves retirement income and financial solutions to its clients. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Each of us has benefitted from someone taking a chance on us. [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. 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. 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. WhatsApp acquired by Facebook), Total number of people associated with this hub, Full Name: First and last name of a Person, Primary Organization: The organization associated to the person's primary job, Primary Job Title: The person's primary job title, CB Rank (Person): Algorithmic rank assigned to the top 100,000 most active People, Total number of events associated with this hub, Location: Location of the Event (e.g. [45] AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies, including public companies. Apollo Global Management is a global asset management firm that specializes in credit-oriented capital and real estate markets. Apollo is accelerating growth for companies leading today's most ambitious renewable energy projects. Apollo hits record $414bn AuM thanks to insurance deals & ACRA Since 2008, Apollos ESG program has set the standard for ESG reporting within our industry. Apollo Asset Management (NYSE: AAM PrA-B) Athene (NYSE: ATH.PRA-D) Closed-End Funds. [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. [183][184], In January 2022, Apollo acquired Athene, a retirement services business. KKR (Kohlberg Kravis Roberts) is an investment firm that offers alternative asset management as well as capital markets and insurance solutions. It was liquidated in 2020. Apollo Global Management Inc. Cl A Company & People | APO1 | Barron's We find uncommon opportunities and sources of growth through continual learning, contrarian thinking, and rigorous debate. The reskilling challenge: How can we leave no one behind in the energy transition? 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 . 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. It was sold in 2011 for $400 million. Apollo Head of Europe & Head of European Private Equity Robert Seminara explains how the company is . Is Apollo Global Management Inc. (NYSE:APO) Predicted To Soar? 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. First Republic's failure 'totally predictable' says Apollo CEO Rowan Apollo acquired several large portfolios of assets from the U.S. government's Resolution Trust Corporation. Apollo Global Management Reviews | Glassdoor [80], In February 2008, Apollo acquired Regent Seven Seas Cruises from Carlson Companies for $1 billion. [96][97], In January 2011, Apollo acquired 51% of Alcan Engineered Products from Rio Tinto Group. Also in 1995, Apollo founding partner Craig Cogut left the firm to found Pegasus Capital Advisors. EXCLUSIVE Buyout firm Apollo makes $4.3 billion offer to buy Tronox We must never lose our focus and determination to be the best investors and most trusted partners on their behalf. Apollo Global Management Company Profile . #1-Ranked Industry Analyst Patrick Moorhead dives into Dell' APEX Managed Device Services for flexible IT device management. For individuals and their advisors, we offer a growing range of wealth management solutions to meet their needs by going beyond the public markets. . Learn more in the Weekly Brief. 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. 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. 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 . Apollo Global Management, Inc. | 230,204 followers on LinkedIn. In 2008, Claire's experienced financial difficulty amid the slump in consumer spending. 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. Apollo's 2005 investment in the struggling US retailer Linens 'n Things suffered from a significant debt burden and softening consumer demand. [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. See Details of It operates through the following segments: Credit, Private Equity, and Real Assets. 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. Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox, according to the sources, who spoke on condition of anonymity. 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. It operates through three segments: Asset Management, Retirement Services, and Principal Investing. [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. [162], In May 2020, Apollo purchased $1.75 billion of preferred stock in Albertsons Companies. [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. They jumped 17% to $24.02 on news of Apollo's acquisition interest. Merx Aviation is a global aircraft leasing, management and finance company based in New York and Dublin. [109], On March 11, 2013, Apollo Global Management made the only bid for the snacks business of Hostess Brands, including Twinkies, for $410 million. More than 2,100 Apollo employees, including more than 680 investment professionals, work from our offices . 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 Global Management, Inc. | LinkedIn We are committed to helping them build stronger businesses. Our Equity business is focused on value-oriented opportunities where we can drive financial and operational performance to build stronger companies. [14][15] Apollo purchased distressed securities, which could be converted into a controlling interest in the equity of the company through a bankruptcy reorganization or other restructuring. 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. Apollo Global Management Company Profile: Financings & Team | PitchBook 1991. It operates through the following segments: Credit, Private Equity, and Real Assets. 68% of employees would recommend working at Apollo Global Management to a friend and 75% have a positive outlook for the business. 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. Yahoo Inc. is an American multinational Technology Company. Apollo Global Management, Inc. | LinkedIn [55], In August 2006, Apollo launched a $2 billion vehicle in Europe, AP Alternative Assets. Revenue: $2 to $5 billion (USD) Competitors: The Blackstone Group, Ares Commercial Real Estate, Oaktree Capital Management. [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. Everton's former director of football has spoken about what happened behind the scenes during his time at the club. 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. 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. Learn more in the Weekly Brief. Apollo Reports Fourth Quarter and Full Year 2022 Results, Apollo Launches Clean Transition Capital Strategy to Support Firmwide Target to Deploy $50 Billion by 2027. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. We have a value-oriented approach across private equity, credit, and real estate. Verizon sells Yahoo and AOL businesses to Apollo for $5 billion. [165] The same month, Apollo and The Walt Disney Company sold Endemol Shine Group to French studio Banijay Group. 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 . APO: Apollo Global Management Inc Stock Price Quote - Bloomberg Apollo now serves institutional and individual investors across the risk-return spectrumin yield, hybrid and equity strategies. Apollo has had 32 exits. [119], In June 2016, funds managed by Apollo Global Management acquired Diamond Resorts International. Tasnee, through a subsidiary, is now Tronox's biggest shareholder with a 24% stake. Our retirement services business, Athene, provides a suite of retirement savings products to help clients achieve financial security. Eliant is providing flexible capital solutions for an ever-changing world by helping companies optimize their supply chains. Apollo Global Management, Inc. provides asset management services. [144] However, on February 14, 2019, Cox Media Group announced that it was selling its 14 television stations to Apollo. 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. [30][31], In 1998, during the dot-com bubble, Apollo raised Apollo Investment Fund IV with $3.6 billion of investor commitments. 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. Individual investors have long been told that a diversified portfolio of public equities and bonds is the key to a successful retirement plan. In November 2008, Realogy launched an exchange offer for a portion of its debt to provide additional flexibility, prompting a lawsuit from Carl Icahn. [70][71][72][73] In 2013, Apollo sold out of this investment, making a profit of $1.3 billion. save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. [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, Inc. engages in the provision of alternative investment management services. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Intrado became a part of Apollo Global Management in 2017. 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. [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. 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. Tronox has hired advisers to consider the bid and has yet to decide on its next steps, the sources added. [151], In August 2019, Apollo agreed to provide around $1.8 billion of debt financing to support New Media Investment Group's acquisition of Gannett. A leading contributor to addressing some of the biggest issues facing the world today such as energy transition, accelerating the adoption of new technologies, and social impact where innovative approaches to investing can make a positive difference. Here are six things that highlight how you should behave as a leader given these post-pandemic realities. Type: Company - Public (APO) Industry: Investment & Asset Management. Verso is the second-largest producer for the North American magazine publishing and catalog/commercial print markets. Hexion announced in June 2008 it would refuse to close the deal, prompting a series of legal actions. Our asset management business provides companies with innovative capital solutions and support to fund their growth and build stronger businesses. Apollo Global Management is one of the largest asset managers serving many of the world's most prominent investors. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield . Apollo Group has earned a reputation in the global resources sector for identifying, funding and developing world class projects. 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. [166][167], In September 2020, Apollo entered into a $5.5 billion real-estate investment partnership with the Abu Dhabi National Oil Company (ADNOC). 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. [57] Apollo raised an additional $500 million via private placements in the weeks following that sale. Apollo Group is an investment and management group.
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