- Apollo Management
company_name = Apollo Management LP
company_type = Private Ownership,
location = | industry =
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 Angelesand 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]
In June 2006, Apollo agreed to acquire Wilton,
Connecticut-headquartered GE Advanced Materials (Silicones & Quartz) from General Electricand 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]
December 18, 2006, Apollo Management announced it had made a proposal to acquire RealogyCorporation.
December 19, 2006Apollo's buyout of Harrah's Entertainmentin partnership with Texas Pacific Groupfor $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.
Hexion Specialty Chemicals
Linens 'n Things
* Momentive Performance Materials
Norwegian Cruise Line
Regent Seven Seas Cruises
Smart & Final
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