Apollo is accelerating growth for companies leading today's most ambitious renewable energy projects. Insights about top trending companies, startups, investments and M&A activities, Apollo acquired several large portfolios of assets from the U.S. government's Resolution Trust Corporation. 1991. At Apollo, we have built out an entire ecosystem around empowering retirees. Apollo (NYSE: APO) offers a global alternative asset manager that provides capital solutions and support to fund its growth and build stronger businesses. 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[55], In August 2006, Apollo launched a $2 billion vehicle in Europe, AP Alternative Assets. Apollo Global Management (formerly known as Tango Holdings) is an alternative asset management company. Insights about top trending companies, startups, investments and M&A activities. The industry leader for online information for tax, accounting and finance professionals. 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. Exclusive news, data and analytics for financial market professionals, Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Krishna Chandra Eluri. [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. See here for a complete list of exchanges and delays. 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. [44], Also in 2008, Apollo opened an office in India, its first office in Asia. [183][184], In January 2022, Apollo acquired Athene, a retirement services business. They jumped 17% to $24.02 on news of Apollo's acquisition interest. Apollo and . Stock analysis for Apollo Global Management Inc (APO:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. [120] It was sold to Hilton Worldwide in August 2021. This article explains how to leverage it. [45] AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies, including public companies. Market sentiment can change on a dime and prices can move quickly, especially in emerging markets (EM). [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. 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 . Novitex is a document-outsourcing provider that manages business-critical services for over 500 companies across 10 industries. Create Comparison. What's the investment trend over time for this hub? The sources cautioned that there is no certainty that Tronox will agree to any deal. Learn more in the Weekly Brief. [24] Fund III was only an average performer for private-equity funds of its vintage. [70][71][72][73] In 2013, Apollo sold out of this investment, making a profit of $1.3 billion. Middle managers play an essential role in the freelance revolution. Apollo has made 74 investments. Since inception, Pegasus has raised $1.8 billion in four private-equity funds focused on investments in middle-market companies in financial distress. Apollos Yield business is uniquely positioned to provide companies like AB InBev with the long-term, creative capital solutions they need to grow. [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. Lion Advisors was replaced by Ares Management. Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox, according to the sources, who spoke on condition of anonymity. Apollo Global Management beat profit expectations in its first results since its merger with life insurance company Athene in January, a deal that dramatically transformed the private equity giant . [121][122], In November 2016, investment funds managed by Apollo acquired Rackspace. The merged company became Endemol Shine Group, with AGM and Fox each owning half of the studio. Noranda Aluminum includes a primary smelter and three rolling mills in Tennessee, North Carolina, and Arkansas along with other operations. We believe that mastering how to invest in Alternatives is more important today than ever. What's the most common types of sub-organization? Doubt can be an engine for change and creativity. Apollo has had 32 exits. [185][186][187][188][189] The same month, co-founder Josh Harris left the company to focus on other business ventures. Apollo Group is an investment and management group. The first of these new affiliates, founded in 2003, was Apollo Distressed Investment Fund (DIF) Management, a credit-opportunity investment vehicle. [8] It was a Guernsey-domiciled publicly traded, private-equity closed-end, limited partnership, managed by Apollo Alternative Assets, an affiliate of Apollo Management. In the last year and a half, Apollo Global Management has almost doubled the total number of employees at companies it owns, growing from about 290,000 employees to over 550,000. Apollo Global Management, Inc. 2023 All Rights Reserved. The following 36 pages are in this category, out of 36 total. [157][158][159][160], In February 2020, investment funds managed by Apollo acquired Covis from Cerberus Capital Management. notable investors of these companies, their management team, and recent news are also included. 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. Learn how we partner with companies and investors to drive global change. [114], In May 2015, Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Wall Street has also been pressured by climate activists, who have been asking banks to commit to stopping funding for new fossil fuel projects. Rackspace was started by founders as an application developer but later the company became a cloud computing company. Apollo is a high-growth alternative asset manager. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. In April 2001, Apollo raised Apollo Investment Fund V with $3.7 billion of investor commitments. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. 1990. Yahoo Inc. mainly focuses on media and online businesses. 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. The company was founded by Marc . [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. For individuals and their advisors, we offer a growing range of wealth management solutions to meet their needs by going beyond the public markets. [69], In April 2007, Apollo acquired Realogy, a franchisor that owns Coldwell Banker, Century 21, and Sotheby's International Realty, for $8.5 billion. The . Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. [148], In February 2019, Apollo acquired Aspen Insurance for $2.6 billion. [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. It operates through the following segments: Credit, Private Equity, and Real Assets. | Apollo is a high-growth, global alternative asset manager. Institutional investors partner with us to seek excess returns across the risk/reward spectrum. He is currently a Director of several listed companies that operate in the resources sector, including Prairie Mining Limited, Equatorial Resources Limited . [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. We seek to not only preserve capital, but also to generate exceptional returns over the long term. The fund, ACT Capital, is part of the $50 billion sustainable investment target Apollo set for itself last year. [63][64][65][66], In March 2007, Apollo announced the $3.1 billion leveraged buyouts of costume jewelry retailer Claire's Stores. The loans were reported to have been sold in the "mid-80 cents on the dollar" relative to face value. 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. EPS and Revenue estimates are for the next 12 months. If you experience conflict in the workplace, youre not alone: As many as 85% of employees experience some kind of conflict. Apollo and Johnson Controls join forces to provide innovative energy efficiency and decarbonization solutions for commercial buildings. 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.