Since inception, Pegasus has raised $1.8 billion in four private-equity funds focused on investments in middle-market companies in financial distress. Apollo Global Management, Inc. (NYSE: APO) Other Listed Vehicles. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. My goal is to provide practical advice and insights to help my readers make informed financial decisions and achieve their financial goals. [148], In February 2019, Apollo acquired Aspen Insurance for $2.6 billion. Leaders are expected to be confident. We find uncommon opportunities and sources of growth through continual learning, contrarian thinking, and rigorous debate. It is an employment website whose offices are in the United States, Canada, Europe, and Asia. [96][97], In January 2011, Apollo acquired 51% of Alcan Engineered Products from Rio Tinto Group. Working at Apollo Global Management: 17 Reviews - Indeed [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]. Apollo . Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. [10], Lion Advisors (or Lion Capital) was founded in 1990 to provide investment services to Credit Lyonnais and foreign institutions, seeking to profit from depressed prices in the high-yield market. [162], In May 2020, Apollo purchased $1.75 billion of preferred stock in Albertsons Companies. [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. [139][140], In June 2018, funds managed by Apollo and Vrde Partners acquired a majority of OneMain Financial. [180][181] The same month, Apollo launched a $500 million fund to invest in SPACs. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a . Apollo Global Management, Inc. | 224,198 followers on LinkedIn. In 2008, Claire's experienced financial difficulty amid the slump in consumer spending. [57][8][76], In January 2008, Apollo and TPG Capital acquired Harrah's Entertainment for $27.4 billion, including the assumption of existing debt. 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 . Aspen Insurance Holdings Limited . The first of these new affiliates, founded in 2003, was Apollo Distressed Investment Fund (DIF) Management, a credit-opportunity investment vehicle. 52 Jobs. [147] On February 10, 2020, Cox Enterprises bought back the Ohio newspapers it sold to AGM. Learn how Apollo's Private Equity platform helps companies across our portfolio create long-term sustainable value. Apollo, which was previously known as Apollo Advisors was founded in 1990. 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. Since 2008, Apollos ESG program has set the standard for ESG reporting within our industry. [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. [89][90], In December 2008, Apollo completed fundraising for its latest fund, Apollo Investment Fund VII, with roughly $14.7 billion of investor commitments. [135][136], In November 2017, Apollo lent $184 million to Kushner Companies to refinance the mortgage on a Chicago skyscraper. Bringing the country's entertainment industry to the global market requires a multifaceted approach. Canada's Brookfield Asset Management (BAM.TO) raised $15 billion last year for it first impact fund focused on energy transition. [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. Long live JPMorgan! The . Our Credit platform spans the full financing universe, helping companies access flexible solutions to fund their growth. 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. [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. [81], In April 2008, Apollo, TPG Capital, and The Blackstone Group acquired $12.5 billion of bank loans from Citigroup. Business data for Apollo Global Management, LLC: This page was last edited on 21 April 2023, at 19:40. The Real Assets segment includes investment in real estate equity a Apollo Global Management, Inc. engages in the provision of alternative investment management services. My passion is personal finance and financial advising. Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets. Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox, according to the sources, who spoke on condition of anonymity. . Verizon sells media businesses including Yahoo and AOL to Apollo - CNBC [49] Although Apollo was involved in a number of notable and large buyouts, the firm avoided the very largest transactions during the time. The transaction was terminated on December 14 after a settlement between Hexion and Huntsman, wherein they were required to pay Huntsman $1 billion to drop fraud charges that would have potentially sent the CEO of Apollo to prison. Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday . [150], On June 10, 2019, Apollo announced that it would acquire Shutterfly for $2.7 billion, as well as its competitor Snapfish in a separate transaction valued at around $300 million, with District Photo as a minority stakeholder. START FREE TRIAL [20] One of Apollo's earliest and most successful deals involved the acquisition of Executive Life Insurance Company's bond portfolio. In May 2008, Verso became a public company via an IPO.[60][61]. save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. We strive to be: We are building a unique firm of extraordinary colleagues who: As One Apollo team, we believe that doing great work and having fun go hand in hand, and we are proud of what we can achieve together. Apollo acquire 50% equity stake in MaxCap | MaxCap Group [53], In June 2006, Apollo acquired Momentive Performance Materials, General Electric's Advanced Materials (Silicones & Quartz) business for approximately $3.8 billion. The Real Assets segment includes investment in real estate equity and infrastructure equity; and real estate and infrastructure debt. Apollo profits beat expectations in first results since strategy | Apollo is a high-growth, global alternative asset manager. 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. [57] Apollo raised an additional $500 million via private placements in the weeks following that sale. [75], In November 2007, the company sold 9% of itself to the Abu Dhabi Investment Authority. The company was founded by Marc . Global PE deals for May 2, 2023 | PitchBook U.S. banking system 'is the envy of the world,' Apollo Global This rating has improved by 6% over the last 12 months. 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. AAA was formed to invest alongside Apollo's main private-equity funds and hedge funds. In February 2007, Apollo announced the acquisition of the Smart & Final chain of warehouse-style food and supply stores. We have a value-oriented approach across private equity, credit, and real estate. Apollo Global Management invests in credit, private equity, and real assets. 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. 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 . It was liquidated in 2020. Apollo Global Management Company Profile - Craft He was replaced as CEO by Marc Rowan. Shortly thereafter, Ares completed fundraising for Ares Corporate Opportunities Fund, a special-situations investment fund with $750 million of capital under management. Apollo (NYSE: APO) offers a global alternative asset manager that provides capital solutions and support to fund its growth and build stronger businesses. At Apollo, we have built out an entire ecosystem around empowering retirees. Merx Aviation is a global aircraft leasing, management and finance company based in New York and Dublin. See here for a complete list of exchanges and delays. 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. Lion Advisors (or Lion Capital) was founded in 1990 to provide investment services to Credit Lyonnais and foreign institutions, seeking to profit from depressed prices in the high yield market. Apollo Global Management, Inc provides asset management services. Insights about top trending companies, startups, investments and M&A activities, [21], In 1993, Apollo Real Estate Advisers was founded in collaboration with William Mack to seek opportunities in the U.S. property markets. History tells us that it takes time for monetary policy to work its way through the economy. BRIAN SOZZI: Lots to talk about on the future of Apollo. Insights about top trending companies, startups, investments and M&A activities. Intrado is a telecommunications company in America that was formerly called West Corporation. The FCC required Apollo to reduce the daily newspapers to three days or sell them. The following 36 pages are in this category, out of 36 total. 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. This list of organizations invested in by Apollo provides data on their funding history, investment activities, and acquisition trends. In 2011, the Henry's chain was merged with Sprouts Farmers Market, which, like the Henry's markets, had been founded by Henry Boney. Tronox did not respond to a request for comment. We invest across Yield, Hybrid, and Equity markets, seeking to generate excess returns for our clients across the full risk-reward spectrum. All quotes delayed a minimum of 15 minutes. Some leading indicators are potentially signaling that the labor market is on the cusp of slowing down. The History of Apollo Global Management - A Timeline | Apollo Global [19], Apollo acquired interests in companies that Drexel had helped finance by purchasing high-yield bonds from failed savings and loans and insurance companies. The leading provider of retirement income solutions to institutions, companies, and individuals.
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