Apollo Management

Apollo Management

Infobox_Company
company_
company_name = Apollo Management LP
company_type = Private Ownership, Limited partnership
foundation = 1990
location = | industry = Private Equity
products = Investments, private equity funds
assets = $22 billion [Includes Apollo Fund VI, Public investment companies and distressed investment vehicles]

Apollo Management L.P. is a private equity L.P. firm, founded in 1990 by Leon Black [http://investing.businessweek.com/businessweek/research/stocks/private/person.asp?personId=77710 Business Week Snapshot] ] . At the same time, he founded Apollo Advisors with co-partners John J. Hannan, Marc J. Rowan, and Joshua J. Harris, current President. 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. [ [http://www.bloggingbuyouts.com/apollo-management Profile: Apollo Management] —AOL Finance]

History

In June 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. [ [http://www.apolloic.com/public/home.asp Apollo Management to buy GE Advanced Materials Business] —AltAssets.com]

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.

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.

Portfolio companies

*AMC Entertainment
*Connections Academy
*Countrywide (UK)
*CEVA Logistics
*Hexion Specialty Chemicals
*Linens 'n Things
* Momentive Performance Materials
*NCO
*Norwegian Cruise Line
*Oceania Cruises
*Realogy
*Regent Seven Seas Cruises
*Smart & Final
**Henry's Marketplace
*Unitymedia

References


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