Apollo Management L.P. is a. private equity L.P. firm, founded in 1990 by Leon Black^[1]. At the same time, he founded Apollo Advisors with co-partners John Hannan, Marc Rowan, and Joshua Harris.

Based in New York City, Apollo also has offices in Purchase, New York, Los Angeles and London. The firm has invested over $16 billion in companies inside and outside the United States.^[2]

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.^[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.

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
• Berry Plastics
• Claire's
• Connections Academy
• Countrywide (UK)
• CEVA Logistics
• Hexion Specialty Chemicals
• Harrah's Entertainment
• Jacuzzi Brands
• Linens 'n Things
• Momentive Performance Materials
• Noranda Aluminum
• Norwegian Cruise Line
• Oceania Cruises
• Realogy
  • Coldwell Banker
  • Sotheby's International Realty
  • Century 21 Real Estate
• Regent Seven Seas Cruises
• Rexnord
• Smart & Final
  • Henry's Marketplace
• Unitymedia
• Verso Paper

References

External links

• AP Alternative Assets (ENXTAM:AAA)
• Apollo Investment Corporation (NYSE:AINV)

de:Apollo Management

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