Apollo Global Management LLC
Apollo Global Management is a publicly-traded American alternative investment firm, based in New York City. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Its activity segments are:
- 55.2%: Private equity: targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs; invests in control equity and related debt instruments, convertible securities and distressed debt investments.
- 36.9%: Credit: invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure.
- 3.4%: Real estate: invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities.
Apollo was built as part of a network of affiliated businesses focusing on private equity and a variety of distressed investment strategies. Lion Advisors, Ares Capital Corporation.
Apollo manages publicly traded Apollo Investment Corporation,[1] which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance Inc.ref,ref
- 14.7% Tiger Global Management LLC,[2][3][4]
- 7.49% Vanguard Group Inc
- 5.10% Capital Research & Management Company (World)
- 4.90% Leon Black, Chairman & CEO[5]
- 3.17% Marc Rowan, Founder & MD[6]
- 2.89% ClearBridge Investments LLC[7][8]
- 2.60% HMI Capital LLC
- 2.43% Invesco Advisers Inc
- 1.83% MFS Investment Management Massachusetts Financial Services Co.
- 1.76% Pendal Group Ltd (Investment Management)
Company
Ownership
Corporate Grouping
- Apollo Global Management LLC, OC, SEC Filings, reg. Delaware
- Apollo ANRP Advisors II (IH) LP (Cayman Islands), reg. Cayman Islands[9]
- Apollo Asset Management Europe PC LLP, wholly-owned subsidiary of Apollo Asset Management Europe LLP, [CH]
- Apollo EPF Administration Ltd, reg. Cayman Islands,[10]
- Apollo EPF Capital Management Ltd, reg. Cayman Islands,[11]
- Apollo Credit Management LLC (Delaware), 25 Oct 2010; Apollo Asset Management Europe PC LLP, a wholly-owned subsidiary of Apollo Asset Management Europe LLP
- AION Co-Investors (D) Ltd, reg. Mauritius
- ... ... OC link
- AAA, (Guernsey LP), publicly-listed permanent capital vehicle. GP Partner: AAA Guernsey Ltd
- AAA Investments LP
- Athene Holding
- AAA Investments LP
- Apollo Global Real Estate Management LLC, OC
- Apollo Global Real Estate Management GP LLC, OC
- Apollo Management Holdings LP, Delaware, indirect subsid. of Apollo Global Management LLC
- Avalon Sports Finance Ltd, OC, [CH]
- Apollo Infra Equity International Holdco Ltd, OC, [CH]
- Apollo Infra Equity International India Holdco Ltd, OC, [CH]
- Apollo Infra Equity International Intermediate Ltd, OC, [CH]
- Rome UK Midco Ltd, OC, [CH]
See also link, AMI (Holdings) LLC, and SEC filing Dec.2016
Portfolio Companies
Among the most notable companies currently owned by Apollo are Claire's, Caesars Entertainment Corporation, CareerBuilder, Novitex Enterprise Solutions, ADT, and Rackspace.ref Koch provided financing to help Protection One take ADT Corporation private.ref
Current
- Jun.2018: Reuters reported that Apollo's plans to sell Constellis are on hold, after talks with Canada’s GardaWorld broke down.ref
- 2018: Apollo looking for a buyer for Constellis. However both G4S plc and GardaWorld Corporation feel the asking price is too high, particularly since the deal would require a big cash outflow.ref
- Jun.2016: Reuters reported that Apollo, Forte Capital Advisors LLC and Manhattan Strategic Ventures LLC, the investment firms that own Constellis, were looking for a buyer for Constellis.ref
- 2016: Constellis Holdings Inc was acquired.ref A consortium including Apollo Global Management, along with executive team members at Constellis Group hagreed to undertake a buyout of the global security services contractor. Constellis Group said it expects the transaction to close by the end of Sept.2016, and that the investor consortium will also include private equity firms Forte Capital Advisors LLC, Manhattan Strategic Ventures LLC, and an unidentified group of existing co-investors.
Historic
Apollo
- Mar.2011: Apollo completed its initial public offering.ref
- Jan.2009: AREA Property Partners: Apollo Real Estate changed its name, and commenced independent operations.ref
- Nov.2007: Apollo sold a 9% ownership interest in its management company to the Abu Dhabi Investment Authority.ref
- Jul.2007: Apollo Management completed a private placement of its shares. It chose to sidestep a public offering in order to avoid public scrutiny.ref
- Aug.2006: AP Alternative Assets: Apollo launched a $2bn publicly-traded private equity vehicle in Europe.ref
- Apr.2004: Apollo Investment Corporation: Apollo raised $930m via an initial public offering for a listed business development company. Apollo Investment Corporation was formed to invest primarily in middle-market companies in the form of mezzanine debt and senior secured loans, as well as by making certain direct equity investments in companies. The Company also invests in the securities of public companies.refref
- 2003: Apollo Distressed Investment Fund Management was founded as a new affiliate to continue its investment activities in the capital markets. DIF was a credit opportunity investment vehicle.
- 2002: Ares Management LP became fully and formally independent.
- 1997: Ares Capital Corporation was founded. Although theoretically independent, Ares operated as Apollo's West Coast affiliate.
- 1997: Ares Management LP was founded as the successor to the Lion Advisors business, which would manage collateralized debt obligation vehicles.ref
- 1993: Apollo Real Estate Advisers was founded to seek opportunities in the US property markets.ref
- 1990: Lion Advisors was set up to provide investment services to Crédit Lyonnais, which was seeking to profit from depressed prices in the high yield market.ref
- 1990: Apollo Advisors was co-founded by former Drexel Burnham Lambert banker Leon Black, whose father Eli Black was chairman of infamous United Brands, forerunner of Chiquita Brands International. When Drexel collapsed amid felony charges and scandal in Feb.1990, Leon Black emerged unscathed.ref
Articles
- Jan.25.2018: Here are all the company statements following the FT Presidents Club Charity Dinner investigation. "No comment". Billy Bambrough, Scarlett Evans, Verdict.
- Jan.25.2018: Presidents Club: who was invited to the all-male charity gala? (I didn't notice his name in the article, re-check.) The Guardian.
- Jan.23.2018: Men Only: Inside the charity fundraiser where hostesses are put on show. A furore has erupted over a men-only fundraising dinner in London for the Presidents Club charity after an FT investigation revealed hostesses at the event were groped, sexually harassed and propositioned. Madison Marriage, Financial Times.