[69] Apollo bought a portfolio of Irish home loans from Lloyds Bank in December 2013 for â¬307m, less than half their nominal £610m (â¬367m) value. Unit 504, Galleria Corporate Center, EDSA corner Ortigas Ave., Brgy. [80], In May 2017, Apollo announced that it had entered into an agreement to acquire West Corp for approximately $2 billion. That same year, the firm opened an office in India, marking their first push into Asia. AIC historically has not invested in companies controlled by Apollo's private equity funds. [89] In August, AGM agreed to provide approximately $1.8 billion of debt financing to support New Media Investment Group Inc.'s acquisition of Gannett. [81] In December, Apollo agreed to acquire Mexican restaurant chain Qdoba from Jack in the Box. 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. Among the most notable companies Apollo has an investment in are ADT, CareerBuilder, Cox Media Group, Intrado, Rackspace, Redbox, Shutterfly, Smart & Final, and University of Phoenix. The board of private equity firm Apollo Global Management is reviewing ties between its CEO Leon Black and convicted sex offender Jeffrey Epstein, according to an Apollo ⦠It was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan. The sum was double the company's previous record despite the effects of the COVID-19 pandemic. Japanâs Showa Denko KK plans to sell its aluminium rolling business for electronic components as well as the aluminium can business to US investment fund Apollo Global Management. The company assured the government of a minimal impact on the sea environment as studies by a Singapore-based survey company showed that there is no coral or aquamarine life within the ⦠The remaining 10% of assets are in real assets ($39.9B as of last quarter close). [45] The following year, in April 2004, Apollo raised $930 million through an initial public offering (IPO) for a listed business development company, Apollo Investment Corporation (NASDAQ: AINV)). [159][160], In 2004, Ares debuted a publicly traded business development company, Ares Capital Corporation (NASDAQ:ARCC). Apollo Global Management, Inc. is a publicly owned investment manager. [36], In 1998, Apollo raised its fourth private equity fund, Apollo Investment Fund IV, with $3.6 billion of investor commitments. A high-level overview of Apollo Global Management, Inc. (APO) stock. [25] As of 2008, the firm was investing out of three funds: Apollo Real Estate Investment Fund V, Apollo European Real Estate Fund II, and Apollo Value Enhancement Fund VII. [72], On March 24, 2015, Centerbridge Partners reached an agreement with Apollo to acquire the Great Wolf chain from them for $1.35 billion. ... Providing investors with access to the very best mining ⦠[60] 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. Apollo deployed its fourth fund during the booming markets of the late 1990s, only to experience difficulties with the collapse of the Internet bubble and the onset of the recession. In June 2006, Apollo and Graham Partners announced the acquisition of Berry Plastics Corporation, a maker of plastic containers, for $2.25 billion from. [27] Among the investments made in Fund IV (invested through 2001) were: Allied Waste Industries,[37] AMC Entertainment,[38] Berlitz International,[39] Clark Retail Enterprises,[40] Corporate Express (Buhrmann), Encompass Services Corporation, National Financial Partners, Pacer International,[41] Rent-A-Center, Resolution Performance Products, Resolution Specialty Materials, Sirius Satellite Radio, SkyTerra Communications, United Rentals, and Wyndham Worldwide.[42]. The bulk of these investments are held in Apollo Investment Fund V, VI, and VII. Apollo is headquartered in New York City, with offices across North America, Europe and Asia. The FCC required Apollo to reduce the daily newspapers to three days or sell them. The project, which will extract magnetite iron reserves in the seabed of…. The highest EPS estimate is $0.55 and the lowest is $0.44. [14], At the time of Apollo's founding, financing for new leveraged buyouts was minimal[clarification needed] and Apollo turned instead to a strategy of distressed-to-control takeovers. In March 2012 Apollo announced plans to acquire the resort's chain for $703 million. ". Apollo plans to merge both companies into a single entity, with Snapfish parent company District Photo as a minority stakeholder. [citation needed] Although the founders of Ares had completed a spin-out 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. Apollo raised an additional $500 million via private placements in the weeks following that sale. [10] 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. [104] Since its inception in 1990, Apollo has raised a total of nine private equity funds, including:[27], Apollo Investment Corporation is a US-domiciled publicly traded private equity closed-end fund and an affiliate of Apollo. That firm is owned and controlled by its remaining principals, who include William Mack, Lee Neibart, William Benjamin, John Jacobsson, Stuart Koenig, and Richard Mack. For more information about Apollo, please visit www.apollo.com. Feb. 08, 2021 10:32 AM ET Apollo Global Management, Inc. (APO) By: Niloofer Shaikh, SA News Editor Spartan Acquisition III (NYSE: SPAQU ) ⦠[159], Ares Management, founded in 1997, was initially established to manage a $1.2 billion market value collateralized debt obligation vehicle. Other investments include Connections Academy and Unity Media GMBH. [76], In February 2016, ADT Corporation agreed to be acquired by Apollo Global Management. Apollo Global Management and NRI Management Group LLC Announce Strategic Partnership to Invest in Mining Assets. The Lion business would ultimately be replaced by Ares Management. In December 2006, Apollo announced an $8.5 billion buyout of the real estate franchisor that owns Coldwell Banker, Century 21 and Sotheby's International Realty. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. February 8, 2021 | 12:01 am By Jobo E. Hernandez, Researcher MARKET investors snapped up Apollo Global Capital, Inc. shares last week after it firmed up its majority owned unitâs 10,000-ton-per-day magnetite…, Apollo Global Capital (APL) has filed an application with the Securities and Exchange Commission to raise as much as P1 billion from a follow-on equity offering as it goes full…, As Apollo Global subsidiary JDVC Resources Corporation starts its operations this month, mining regulators will closely monitor the extraction of black sand in Cagayan province. [79] Apollo made a successful offer to purchase Rackspace in August 2016. [47][50] Apollo raised a total of $2 billion for AAA including the vehicle's $1.5 billion IPO and a subsequent private placement. Ares would grow to manage a family of collateralized loan obligation (CLO) vehicles that would invest in capital markets-based securities including senior bank loans and high-yield and mezzanine debt. In a statement, Apollo Global unit JDVC Resources Corp. said it would be partnering with entrepreneur Frank Lao, owner of Choi Garden, for this project, touted as the first for the Philippines. [44], Following the spin-off of Ares in 2002, Apollo developed two new affiliates to continue its investment activities in the capital markets. The remaining assets are in real assets ($39.9B as of last quarter close).[9]. [51], AAA's investment portfolio is made up of a mix of private equity and capital markets investments.[108]. Apollo had assets under management of approximately $433 billion as of September 30, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. [11] Lion Advisors was set up to provide investment services to Credit Lyonnais, which was seeking to profit from depressed prices in the high yield market.
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