Apollo Management
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| Apollo Management LP | |
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| Type | Private Ownership, Limited partnership |
| Founded | 1990 |
| Headquarters |  Purchase, New York, New York City |
| Industry | Private Equity |
| Products | Investments, private equity funds |
| Total assets | $22 billion[1] |
Apollo Management L.P. is a private equity L.P. firm, founded in 1990 by Leon Black (Apollo Advisors). Based in Purchase, New York, it also has offices in Los Angeles and London. It has invested over $16 billion in companies inside and outside the United States.[2]
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[edit] History
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This section may require cleanup to meet Wikipedia's quality standards. Please improve this article if you can. (March 2008) |
In June of 2006, Apollo agreed to acquire Wilton, Connecticut-headquartered GE Advanced Materials (Silicones & Quartz) from General Electric and rename it Momentive Performance Materials in a deal valued at approximately $3.8 billion in cash and securities.[3]
On December 18, 2006, Apollo Management announced it had made a proposal to acquire Realogy Corporation.
On December 19, 2006 Apollo's buyout of Harrah's Entertainment in partnership with Texas Pacific Group for $17.1 billion was approved by Harrah's board. The deal is still subject to approval by stockholders and regulators.
[edit] Apollo Investment Fund VI, L.P.
Currently, Apollo is investing its sixth private equity fund, Apollo Investment Fund VI, L.P., which together with related co-investment entities, involves about $12 billion of new capital.
[edit] Portfolio companies
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This section does not cite any references or sources. (March 2008) Please help improve this section by adding citations to reliable sources. Unverifiable material may be challenged and removed. |
- AMC Entertainment
- Connections Academy
- Countrywide (UK)
- Hexion Specialty Chemicals
- Linens 'n Things
- Momentive Performance Materials
- NCO
- Norwegian Cruise Line
- Oceania Cruises
- Realogy
- Regent Seven Seas Cruises
- Smart & Final
- Unity Media
[edit] References
- ^ Includes Apollo Fund VI, Public investment companies and distressed investment vehicles
- ^ Profile: Apollo Management—AOL Finance
- ^ Apollo Management to buy GE Advanced Materials Business—AltAssets.com
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