|Founders||Leon Black, John Hannan, Josh Harris, Marc Rowan, Craig Cogut, Arthur Bilger, Antony Ressler|
New York City, U.S.
|Products||Private equity funds, credit funds, real estate funds, alternative investment, leveraged buyouts, growth capital, venture capital|
|Revenue||US$2.931 billion (2019)|
|US$1.407 billion (2019)|
|US$1.536 billion (2019)|
|AUM||US$414 billion (June 2020)|
|Total assets||US$8.542 billion (2019)|
|Total equity||US$3.038 billion (2019)|
Number of employees
Apollo Global Management, Inc., is a global alternative investment manager firm. It was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan. Apollo is headquartered in New York City, with offices across North America, Europe and Asia. The company's stock is publicly traded on the NYSE under the symbol 'APO'.
Apollo Global Management reported $414B of assets under management at the end of June 2020. Around 72% of assets are in the credit business ($300.4B as of last quarter close). Around 18% of assets ($73.3B as of last quarter close) are in private equity. The remaining 10% of assets are in real assets ($39.9B as of last quarter close). Around 66% of assets are in the credit business ($209.7B as of last quarter close). Around 21% of assets ($67.7B as of last quarter close) are in private equity. The remaining assets are in real assets ($39.9B as of last quarter close).[failed verification]
In March 2021, Apollo Global Management announced plans to merge with Athene Holding, the life insurance company. The merger values Athene at $11 billion. Since it was founded in 2009, Athene has been backed by Apollo. Athene went public in 2016 and had a market capitalization of just over $10 billion. Prior to the merger announcement, Apollo already owned 35% of Athene. The deal is expected to close in January 2022. The combined entity will have a market cap of $29 billion, making it eligible for inclusion in the S&P 500 index.
In March 2021, Apollo announced that Leon Black had stepped down as CEO and chairman after revelations that he paid Jeffrey Epstein $158 million for personal tax-related advice over the period from 2012 to 2017. Marc Rowan became CEO after Black stepped down.
Apollo, originally referred to as Apollo Advisors, was founded in 1990, on the heels of the collapse of Drexel Burnham Lambert in February 1990, by Leon Black, the former head of Drexel's mergers and acquisitions department, along with other Drexel alumni. Among the most notable founders are John Hannan, Drexel's former co-director of international finance; Craig Cogut, a lawyer who worked with Drexel's high-yield division in Los Angeles; and Arthur Bilger, the former head of the corporate finance department. Other founding partners included Marc Rowan, Josh Harris, and Michael Gross, who both worked under Black in the mergers and acquisitions department, and Antony Ressler, who worked as a senior vice president in Drexel's high yield department with responsibility for the new issue/syndicate desk.
Less than six months after the collapse of Drexel, the founders of Apollo had already begun a series of ventures. Apollo Investment Fund L.P., the first of its private equity investment funds, was formed to make investments in distressed companies. Apollo's first fundraised approximately $400 million of investor commitments on the strength of Black's reputation as a prominent lieutenant of Michael Milken and a key player in the buyout boom of the 1980s. Lion Advisors was set up to provide investment services to Credit Lyonnais, which was seeking to profit from depressed prices in the high yield market.
At the time of Apollo's founding, there was little financing for new leveraged buyouts and Apollo turned instead to a strategy of distressed-to-control takeovers. Apollo would purchase distressed securities which could be converted into a controlling interest in the equity of the company through a bankruptcy reorganization or other restructuring. Apollo used distressed debt as an entry point, enabling the firm to invest in such firms as Vail Resorts, Walter Industries, Culligan, and Samsonite.
Early on, Apollo made a name for itself by acquiring interests in companies that Drexel had helped finance by purchasing high-yield bonds from failed savings and loans and insurance companies. Apollo acquired several large portfolios of assets from the U.S. government's Resolution Trust Corporation. One of Apollo's earliest and most successful deals involved the acquisition of Executive Life Insurance Company's bond portfolio. Using this vehicle, Apollo would purchase the Executive Life portfolio, generating tremendous profits[clarification needed] when the value of high yield bonds recovered, but also resulting in a variety of state regulatory issues for Apollo and Credit Lyonnais over the purchase. More than a decade after the purchase, in 2002, California Attorney General Bill Lockyer accused Apollo, Leon Black, and an investor group led by French bank Credit Lyonnais of illegally acquiring the assets and bond portfolio of Executive Life Insurance Co. in 1991. According to the State of California, Credit Lyonnais allegedly violated a California law that prohibited foreign government-owned banks from owning California insurance companies.
In 1993, Apollo Real Estate Advisers was founded in collaboration with William Mack to seek opportunities in the U.S. property markets. Apollo Real Estate Investment Fund, L.P., the first in a family of real estate "opportunity funds", was closed in April 1993 with $500 million of investor commitments. In 2000, Apollo exited the partnership, which continued to operate as Apollo Real Estate Advisers until changing its name to AREA Property Partners, effective January 15, 2009. That firm is owned and controlled by its remaining principals, who include William Mack, Lee Neibart, William Benjamin, John Jacobsson, Stuart Koenig, and Richard Mack. As of 2008, the firm was investing out of three funds: Apollo Real Estate Investment Fund V, Apollo European Real Estate Fund II, and Apollo Value Enhancement Fund VII. In 2004, Apollo Real Estate acquired the Value Enhancement Funds family of investment vehicles to broaden its offerings in the "value-added" segment of the real estate investment spectrum. Apollo also operates a real estate mezzanine lending program and real estate securities hedge fund called Claros Real Estate Securities Fund, L.P.
In 1995, Apollo raised its third private equity fund, Apollo Investment Fund III, with $1.5 billion of investor commitments from investors that included CalPERS and the General Motors pension fund. Unlike its first two funds and later funds, Fund III would ultimately prove only an average performer for private equity funds of its vintage. Among the investments made in Fund III (invested through 1998) were: Alliance Imaging, Allied Waste Industries, Breuners Home Furnishings, Levitz Furniture, Communications Corporation of America, Dominick's, Ralphs (acquired Apollo's Food-4-Less), Move.com, NRT Incorporated, Pillowtex Corporation, Telemundo, and WMC Mortgage Corporation.
Also in 1995, Apollo founding partner Craig Cogut left the firm to found a smaller competitor Pegasus Capital Advisors. Since inception Pegasus has raised $1.8 billion in four private equity funds focused on investments in middle-market companies in financial distress. In 1997, Apollo co-founder Tony Ressler founded Ares Management as the successor to its Lion Advisors business which would manage collateralized debt obligation vehicles.
In 1998, Apollo raised its fourth private equity fund, Apollo Investment Fund IV, with $3.6 billion of investor commitments. Among the investments made in Fund IV (invested through 2001) were: Allied Waste Industries, AMC Entertainment, Berlitz International, Clark Retail Enterprises, Corporate Express (Buhrmann), Encompass Services Corporation, National Financial Partners, Pacer International, Rent-A-Center, Resolution Performance Products, Resolution Specialty Materials, Sirius Satellite Radio, SkyTerra Communications, United Rentals, and Wyndham Worldwide.
Apollo deployed its fourth fund during the booming markets of the late 1990s, only to experience difficulties with the collapse of the Internet bubble and the onset of the recession. Amid the turmoil of collapsing markets, Apollo was able to raise its fifth private equity fund in 2001, Apollo Investment Fund V, with $3.7 billion of investor commitments. Among the investments made in Fund V (invested through 2006) were Affinion Group, AMC Entertainment, Berry Plastics, Cablecom, Compass Minerals, General Nutrition Centers (GNC), Goodman Global, Hexion Specialty Chemicals (Borden), Intelsat, Linens 'n Things, Metals USA, Nalco Investment Holdings, Sourcecorp, Spectrasite Communications, and Unity Media.
Meanwhile, Ares profited significantly from investments made after the collapse of the high yield market in 2000 and 2001. Although the founders of Ares had completed a spin-out with the formation of the firm in 1997, they had initially maintained a close relationship with Apollo and operated as the West Coast affiliate of Apollo. By 2002, when Ares raised its first corporate opportunities fund, the firm announced that it would separate from its former parent company. The timing of this separation also coincided with Apollo's legal difficulties with the State of California over its purchase of Executive Life Insurance Company in 1991.
Following the spin-off of Ares in 2002, Apollo developed two new affiliates to continue its investment activities in the capital markets. The first of these new affiliates, founded in 2003, was Apollo Distressed Investment Fund (DIF) Management a credit opportunity investment vehicle. The following year, in April 2004, Apollo raised $930 million through an initial public offering (IPO) for a listed business development company, Apollo Investment Corporation (Nasdaq: AINV)). 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.
Between 2005 and 2007 the private equity market was booming, with new "largest buyout" records set and surpassed several times in an 18-month window. Although Apollo was involved in a number of notable and large buyouts, the firm avoided the very largest transactions during the time. Among Apollo's most notable investments during this period included Harrah's Entertainment, a leading US gaming and casino company; Norwegian Cruise Line, the cruise line operator; Claire's Stores, the retailer of costume jewelry; and Realogy, the real estate franchisor.
In August 2006, Apollo launched a $2 billion publicly traded private equity vehicle in Europe, AP Alternative Assets (ENXTAM:AAA). The IPO of this new vehicle followed in the footsteps of Kohlberg Kravis Roberts, which raised $5 billion for its KKR Private Equity Investors vehicle in May 2006. Apollo initially attempted to raise $2.5 billion for the public vehicle but fell short when it offered the shares in June, raising only $1.5 billion. Apollo raised an additional $500 million via private placements in the weeks following that sale.
Between 2006 and 2007, as the private equity industry expanded, several of the largest private equity firms, most notably The Blackstone Group and Kohlberg Kravis Roberts, announced plans to realize value from their firms through the sale of shares in the public equity markets. Apollo Management chose a different path and completed a private placement of shares in its management company in July 2007. By pursuing a private placement rather than a public offering, Apollo was able to avoid much of the public scrutiny applied to Blackstone and KKR. In November 2007, Apollo was able to realize additional value from the sale of a 9% ownership interest in its management company to the Abu Dhabi Investment Authority (ADIA). Ultimately, in April 2008, Apollo filed with the U.S. Securities and Exchange Commission (SEC) to permit some holders of its privately traded stock to sell their shares on the New York Stock Exchange. That same year, the firm opened an office in India, marking their first push into Asia.
As the deterioration of the financial markets worsened into 2008, Apollo saw several of its investments come under pressure. Apollo's 2005 investment in the struggling US retailer Linens 'n Things suffered from a significant debt burden and softening consumer demand. In May 2008, Linens filed for bankruptcy protection, costing Apollo all of its $365 million investment in the company. At the same time, Apollo's investment in Claire's, Realogy and Harrah's Entertainment came under pressure. Apollo responded to its investment difficulties by seeking to exchange a portion of the existing debt at Harrah's and Realogy to more favorable securities. At Claire's, Apollo exercised its "PIK toggle" option to shut off cash interest payments to its bondholders and instead issue more debt, in order to provide the company with additional financial flexibility.
In December 2008, Apollo completed fundraising for its latest fund, Apollo Investment Fund VII, with approximately $14.7 billion of investor commitments. Apollo had been targeting $15 billion, but had been in fundraising for more than 16 months, with the bulk of the capital raised in 2007.
In December 2009, it was announced that Apollo would acquire Cedar Fair Entertainment Company shares and the company would become private underneath the management group. The deal includes a cash payment of $635 million and assumed debt which gives the transaction a value of $2.4 billion. It was later announced in April 2010 that the deal was pulled due to poor shareholder response.
In March 2011, Apollo completed its initial public offering (NYSE: APO).
In March 2012, Apollo made a second attempt to acquire an amusement park operator with a $225.7 million offer for Great Wolf Resorts. In November 2012, Apollo acquired The McGraw-Hill Companies' education division ("McGraw-Hill Education") in a deal totaling $2.5 billion.
On March 11, 2013, Apollo Global Management made the only bid for the snacks business of Hostess Brands, including Twinkies, for $410 million. Apollo bought a portfolio of Irish home loans from Lloyds Bank in December 2013 for €307m, less than half their nominal £610m (€367m) value.[clarification needed] The shares were bought by an Apollo Global Management subsidiary, Tanager Limited. The portfolio made a £33m loss last year.
In October 2014, Apollo finalized the merger of its Endemol television studio with 21st Century Fox's Shine Group. The merged company became Endemol Shine Group, with AGM and Fox each owning half of the studio.
In June 2015, Apollo Global Management made a successful offer of around $1.03 billion in cash to privatize OM Group. Also that month, Apollo won the bidding during an auction for Saint-Gobain's Verallia glass bottle manufacturing unit for a rumored fee of around 2.95 billion.
In February 2016, ADT Corporation agreed to be acquired by Apollo Global Management. Apollo Education Group shareholders approved a merger with Apollo Global Management in May 2016. Apollo Education is the parent company of the University of Phoenix. In June 2016, Apollo Global Management made a successful offer to purchase Diamond Resorts International. Apollo made a successful offer to purchase Rackspace in August 2016.
In May 2017, Apollo announced that it had entered into an agreement to acquire West Corp for approximately $2 billion. In December, Apollo agreed to acquire Mexican restaurant chain Qdoba from Jack in the Box.
AGM was in talks to buy Nexstar Media Group for over $1 billion. However, on February 14, 2019, Cox Media Group announced that it was selling its 14 television stations to AGM. In March 2019 filings with the Federal Communications Commission (FCC), Apollo disclosed that, through the newly formed Terrier Media, the Cox stations would be acquired for $3.1 billion (to be reduced by the value of a minority equity stake in Terrier that will be retained by Cox Enterprises); Terrier will also concurrently acquire Northwest Broadcasting, giving the company 25 television stations. On June 26, 2019, Cox announced that its 60 radio stations, as well as its national advertising business CoxReps, and local OTT advertising agency Gamut, would also be acquired by the new company, which concurrently announced that it would retain the Cox Media Group name instead of Terrier Media. On February 10, 2020, Cox Enterprises bought back the Ohio newspapers it sold to AGM. The FCC required Apollo to reduce the daily newspapers to three days or sell them.
On April 16, 2019, AGM announced that it would once again acquire Smart & Final for $1.1 billion. On June 10, 2019, AGM announced that it would acquire Shutterfly for $2.7 billion, as well as its competitor Snapfish in a separate transaction valued at around $300 million. Apollo plans to merge both companies into a single entity, with Snapfish parent company District Photo as a minority stakeholder. In August, AGM agreed to provide approximately $1.8 billion of debt financing to support New Media Investment Group Inc.'s acquisition of Gannett. On October 23, 2019, AGM announced it signed agreements to take a 48.6% stake in Italian gambling group Gamenet SPA. On October 26, 2019, Apollo and The Walt Disney Company agreed to sell Endemol Shine Group to French studio Banijay Group. The sale was completed on July 3, 2020.
At the end of March 2020, Apollo Global Managed reported $315.5 billion of assets under management. In April 2020, AGM announced that it would invest $300 million in Cimpress, an Irish-domiciled printing group that owns Vistaprint. In May, AGM announced the purchase of $1.75 billion of preferred stock in Albertsons Companies. In July 2020, it was reported that the company totalled around $100 billion in investments for war chest in the second quarter of 2020. The sum was double the company's previous record despite the effects of the COVID-19 pandemic.
On May 3, 2021, Apollo announced its intention to acquire Verizon Media (which includes AOL, Yahoo!, and Verizon Digital Media Services properties) from Verizon for $5 billion. Verizon will retain a 10% stake in the new company, which will be named Yahoo.
Apollo is operated by its managing partners, Leon Black, Joshua Harris, and Marc Rowan and a team of more than 400 investment professionals, as of June 30, 2019. The firm's headquarters are located in the Solow Building at 9 West 57th Street in New York City, with offices in Purchase, New York, Los Angeles, San Diego, El Segundo, Woodland Hills, Houston, Bethesda, London, Frankfurt, Luxembourg, Madrid, Singapore, Hong Kong, New Delhi, Powai, Shanghai, Tokyo, and Mumbai.
Apollo's executive committee includes: Leon Black, chairman, and chief executive officer; Josh Harris, Co-Founder and Senior Managing Director; Marc Rowan, Co-Founder, and Senior Managing Director; Scott Kleinman, Co-President and Lead Partner, Private Equity; James Zelter, Co-President and Chief Investment Officer, Credit; and Gary Parr, Senior Managing Director.
Apollo operates three business lines in an integrated manner:
- Private equity: The private equity business is the cornerstone of Apollo's investment activities. Apollo invests through a variety of private equity strategies, most notably leveraged buyouts and distressed buyouts and debt investments. This business operates primarily through the firm's family of private equity investment funds (See: Investment funds).
- Credit: Apollo invests through a variety of credit strategies to complement its core private equity business. Apollo invests through a variety of investment vehicles including mezzanine funds, hedge funds, European non-performing loan funds and senior credit opportunity funds.
- Real Estate: Apollo Global Real Estate (AGRE) was established in 2008 to build upon Apollo's history of investing in real estate-related sectors such as hotels and lodging, leisure and logistics. AGRE manages a number of debt and equity-oriented real estate investment funds.
Private equity funds
Apollo has historically relied primarily on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high-net-worth individuals, family offices, sovereign wealth funds and other institutional investors. Since 2014, Apollo has begun investing its eighth private equity fund, Apollo Investment Fund VIII, which raised approximately $18 billion of investor commitments. In 2017, Apollo raised $24.6 billion for its ninth flagship private equity fund, making it the largest in history. Since its inception in 1990, Apollo has raised a total of nine private equity funds, including:
|Apollo Investment Fund IX||2017||$24,600|
|Apollo Investment Fund VIII||2014||$18,400|
|Apollo Investment Fund VII||2008||$14,700|
|Apollo Investment Fund VI||2005||$10,200|
|Apollo Investment Fund V||2001||$3,700|
|Apollo Investment Fund IV||1998||$3,600|
|Apollo Investment Fund III||1995||$1,500|
|Apollo Investment Fund II||1992||$500|
|Apollo Investment Fund I||1990||$400|
Apollo Investment Corporation
|Revenue||US$404M (FY 2010)|
|US$263M (FY 2010)|
|Total assets||US$3.47B (FY 2010)|
|Total equity||US$1.77B (FY 2010)|
Apollo Investment Corporation is a US-domiciled publicly traded private equity closed-end fund and an affiliate of Apollo. AIC 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.
AIC is structured as a business development company, a type of publicly traded private equity vehicle that is designed to generate interest income and long-term capital appreciation. AIC historically has not invested in companies controlled by Apollo's private equity funds.
AP Alternative Assets
AP Alternative Assets (Euronext: AAA) is a Guernsey-domiciled publicly traded private equity closed-end limited partnership, managed by Apollo Alternative Assets, an affiliate of Apollo Management. AAA was formed to invest alongside Apollo's main private equity funds and hedge funds.
AAA was launched in August 2006, shortly after Kohlberg Kravis Roberts completed a $5 billion initial public offering for its KKR Private Equity Investors vehicle in May 2006. Apollo raised a total of $2 billion for AAA including the vehicle's $1.5 billion IPO and a subsequent private placement.
Apollo has been an active private equity investor through the mid-2000s buyout boom. The following is a list of Apollo's most recent and currently active private equity investments. The bulk of these investments are held in Apollo Investment Fund V, VI, and VII.
|Fortress Front Interactive||2021||In May of 2021, it was announced that Apollo had purchased a majority stake of video game development studio Fortress Front Interactive for a deal of $12 million, making it Apollo's first development studio.|||
|Cox Media Group||2019||In December 2019, it was announced that Apollo closed the $3 billion deal which acquired the majority share of Cox Media Group. This deal entails Cox's 13 television stations, 54 radio stations, 3 newspapers, national television advertising business – CoxReps, and local OTT advertising business – Gamut. Smart Media from Cox.|||
|Tech Data Corp.||2019||In November 2019, it was announced that Apollo acquired Florida-based Tech Data Corp. in a deal worth $5.4 billion, snatching it from Warren Buffett's Berkshire Hathaway.|||
|GE Capital Energy Financial Services||2018||In October 2018, Apollo announced to have acquired a portfolio of $1 billion in energy investments of GE Capital's Energy Financial Services unit.|||
|Apollo Education Group||2017||In February 2017, Apollo announced the acquisition of Apollo Education, the parent company of University of Phoenix, for $1.14 billion.|||
|Diamond Resorts||2016||On June 29, 2016, Apollo Global Management made a successful offer to purchase Diamond Resorts International.|||
|Berry Plastics||2006||In June 2006, Apollo and Graham Partners announced the acquisition of Berry Plastics Corporation, a maker of plastic containers, for $2.25 billion from Goldman Sachs Capital Partners and JPMorgan Partners.|||
|Chuck E. Cheese's||2014||In 2014, Apollo bought CEC Entertainment, the parent of Chuck E. Cheese's Restaurants.|
|Claire's||2007||In March 2007, Apollo announced the $3.1 billion leveraged buyouts of costume jewelry retailer, Claire's Stores. In 2008, Claire's experienced financial difficulty amid the slump in consumer spending.|||
|Constellis||2016||Apollo bought Constellis Holdings in 2016 for $1 billion. Constellis is a private military contractor that was created as a result of a merger between rival contractors Triple Canopy and Academi in 2014. Academi, founded by Erik Prince and formerly known as Blackwater USA, is best known for its role in the Nisour Square Massacre, where Blackwater guards killed 17 Iraqi civilians and injured 20.|||
|Countrywide plc||2007||In May 2007, Apollo acquired Countrywide plc, the leading provider of residential property related services in the UK, formerly known as Hambro Countrywide (1988) and Countrywide Assured Group (1998) for $1.05 billion (not related to Countrywide Financial).|||
|CEVA Logistics||2006||In August 2006, TNT N.V. announced that it had agreed to the sale of its logistics division to Apollo for $1.9 billion. The business was re-branded as CEVA in November 2007.|||
|Debt investments||2008–2009||Since the beginning of 2008, Apollo has been a significant acquirer of senior secured loans from investment banks and other financial institutions. In April 2008, Apollo, TPG Capital, and The Blackstone Group completed the acquisition of $12.5 billion of bank loans from Citigroup. The portfolio comprised primarily senior secured leveraged loans that had been made to finance leveraged buyout transactions at the peak of the market. Citigroup had been unable to syndicate the loans before the onset of the credit crunch. The loans were reported to have been sold in the "mid-80 cents on the dollar" relative to face value. In late 2008, it was reported that Apollo had received margin calls associated with the financing of its purchase of certain loan portfolios as the price of the loans decreased.|||
|Great Wolf Resorts||2012||In March 2012 Apollo announced plans to acquire the resort's chain for $703 million. Reports indicated the chain had not turned a profit since 2008.|||
|Harrah's Entertainment||2006||On December 19, 2006, Apollo and TPG Capital announced an agreement to acquire the gaming company for $27.4 billion, including the assumption of existing debt.|||
|Hexion Specialty Chemicals||2005||Hexion was formed in 2005 through the merger of Borden Chemical, Inc., Resolution Performance Products LLC, and Resolution Specialty Materials LLC, and the acquisition of Bakelite AG. Hexion announced in July 2007 that it was acquiring Huntsman Corporation, a major specialty chemicals company, in a $6.5 billion leveraged buyout. Hexion announced in June 2008 it would refuse to close the deal, prompting a series of legal actions. The transaction was officially terminated on December 14 after a settlement between Hexion and Huntsman, wherein they were required to pay Huntsman $1 billion to drop fraud charges that would have potentially sent the CEO of Apollo to prison.|||
|Jacuzzi Brands||2006||In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, the manufacturer of whirlpool baths.|||
|McGraw-Hill Education||2012||In November 2012, McGraw Hill announced that it had agreed to the sale of its education division to Apollo for $2.5 billion.|||
|Momentive Performance Materials||2006||In June 2006, Apollo acquired General Electric's Advanced Materials (Silicones & Quartz) business in a deal valued at approximately $3.8 billion.|||
|Noranda Aluminum||2007||In April 2007, Apollo acquired the US aluminum business of the mining company Xstrata for $1.15 billion. The aluminum business, Noranda Aluminum, includes a primary smelter and three rolling mills in Tennessee, North Carolina, and Arkansas along with other operations.|||
|Norwegian Cruise Line||2008||In January 2008, Apollo completed a $1 billion investment in the cruise line operator to support a recapitalization of the company's balance sheet.|||
|Novitex Enterprise Solutions||2013||In 2013, Apollo acquired Pitney Bowes Management Services (PBMS) for $400 million. From PBMS, Apollo formed Novitex Enterprise Solutions. Novitex is a document outsourcing provider that manages business-critical services for over 500 companies across ten industries. Many of its clients are Fortune 500 companies.|||
|Oceania Cruises||2007||In February 2007, Apollo acquired the luxury cruise line and provided additional capital to fund the expansion of the company with the purchase of two new cruise ships.|||
|Philips Lumileds||2017||In June 2017, Apollo bought 80.1% of Philips Lumileds division for $1.5 billion.|||
|Realogy:||2006||In December 2006, Apollo announced an $8.5 billion buyout of the real estate franchisor that owns Coldwell Banker, Century 21 and Sotheby's International Realty. The transaction closed in April 2007 and was delisted from the New York Stock Exchange. As the housing market crash accelerated in 2008, Realogy faced financial pressures relating to its debt load. In November 2008, Realogy launched an exchange offer for a portion of its debt to provide additional flexibility, prompting a lawsuit from Carl Icahn.|||
|Regent Seven Seas Cruises||2008||In February 2008, Apollo purchased the luxury cruise line from Carlson Companies for $1 billion. Following the purchase, Apollo made public its plans to order a new ship for Regent.|||
|Rexnord Corporation||2006||In May 2006, Apollo announced the acquisition of the manufacturer of precision motion technology products, primarily focused on power transmission, from private equity firm The Carlyle Group for $1.825 billion.|||
|Smart & Final||2007||In February 2007, Apollo announced the acquisition of the Smart & Final chain of warehouse-style food and supply stores. In June 2007, Smart & Final completed the acquisition of the Henry's Marketplace chain of "farmers market" style food retailers from Wild Oats Markets as part of that company's acquisition by Whole Foods Market. In 2011, the Henry's chain was merged with Sprouts Farmers Market, which, like the Henry's markets, had been founded by Henry Boney.|||
|Thai Ornament Resorts||2016||In January 2016, Apollo announced the acquisition of Thai Ornament Resorts, an upscale destination resort developing firm, for $75.8 million from Tri-Cities Partnership and The Pool Trust.|||
|Vantium Management||2008||In May 2008, Apollo invested in Vantium, a company that buys residential mortgage assets as part of a strategy to profit from the housing market crash.|||
|Verso Paper||2006||In 2006, Apollo acquired International Paper's coated and supercalendered paper business for $1.4 billion, renaming the business, Verso Paper. Verso has been the second-largest producer for the North American magazine publishing and catalog/commercial print markets. In May 2008, Verso was able to complete an initial public offering of stock.|||
Other investments include Connections Academy and Unity Media GMBH.
Lion Advisors (or Lion Capital), which was founded at the same time as Apollo in 1990, focused on investment management and consulting services to foreign institutional accounts targeting investments in public and private high yield debt securities in the US. In 1992, Lion entered into a more formal arrangement to manage the $3 billion high-yield portfolio for Credit Lyonnais which together with a consortium of other international investors provided the capital for Lion's investment activities. The Lion business would ultimately be replaced by Ares Management.
Ares Management, founded in 1997, was initially established to manage a $1.2 billion market value collateralized debt obligation vehicle. Ares would grow to manage a family of collateralized loan obligation (CLO) vehicles that would invest in capital markets-based securities including senior bank loans and high-yield and mezzanine debt. Ares was founded by Antony Ressler and John H. Kissick, both partners at Apollo as well as Bennett Rosenthal, who joined the group from the global leveraged finance group at Merrill Lynch.
Ares I and II which were raised were structured as market value CLOs. Ares III though Ares X was structured as cash flow CLOs. In 2002, Ares completed a spinout from Apollo management. Although technically, the founders of Ares had completed a spinout with the formation of the firm in 1997, they had maintained a close relationship with Apollo over its first five years and operated as the West Coast affiliate of Apollo. Shortly thereafter, Ares completed fundraising for Ares Corporate Opportunities Fund, a special situations investment fund with $750 million of capital under management.
In 2004, Ares debuted a publicly traded business development company, Ares Capital Corporation (NASDAQ:ARCC). In 2006, Ares raised a $2.1 billion successor special situations fund (Ares Corporate Opportunities Fund II).
- "Apollo Global Management Form 10-K". Securities and Exchange Commission. Retrieved February 21, 2020.
- Oguh, Chibuike (October 29, 2020). "Apollo third-quarter earnings drop as CEO faces heat from investors" – via www.reuters.com.
- "About Apollo Global Management". www.apollo.com.
- Idzelis, Christine (September 19, 2019). "Apollo's Josh Harris Talks Private Markets at Delivering Alpha". Institutional Investor.
As capital floods private markets, Apollo Global Management co-founder Joshua Harris believes investors are finally taking steps toward properly valuing publicly-traded private equity firms.
- Gordon, Amanda L (October 2, 2018). "Apollo's Marc Rowan Gives Wharton $50 Million for Professorships". Bloomberg.
Marc Rowan, a co-founder of Apollo Global Management LLC, gave $50 million to the Wharton School at the University of Pennsylvania, the largest single gift in Wharton's history.
- "Contact". apollo.com. Retrieved October 21, 2019.
- Mendonça, Elisângela (February 7, 2020). "Apollo buys drugmaker Covis from Cerberus". Private Equity News.
Apollo has $331bn in assets under management in credit, private equity, and real assets funds.
- Oguh, Chibuike (January 30, 2020). "Apollo Global's fourth-quarter profit soars on strong asset sales". Reuters.
...driven by growth in its credit and private equity divisions that offset a decline in its real estate unit.
- "Apollo Global Management, Inc. Reports Second Quarter 2020 Results" (PDF). Apollo. July 30, 2020. Retrieved August 3, 2020.
- Scism, Miriam Gottfried and Leslie (March 8, 2021). "Apollo Reabsorbs Athene in All-Stock Deal That Values Firm at $11 Billion". Wall Street Journal. ISSN 0099-9660. Retrieved March 9, 2021.
- "Apollo Reabsorbs Athene in All-Stock Deal That Values Firm at $11 Billion". The Wall Street Journal. March 8, 2021. Retrieved March 8, 2021.
- "Apollo Global to buy annuities provider Athene in $11 billion deal". CNBC. March 8, 2021. Retrieved March 8, 2021.
- "After Merger, Apollo and Athene Could Be Eligible for S&P 500 Inclusion". Institutional Investor. March 8, 2021. Retrieved March 8, 2021.
- Moon, Louise; Foy, Simon (March 22, 2021). "Hedge fund boss quits over Epstein ties". The Telegraph. ISSN 0307-1235. Retrieved April 1, 2021.
- "Why did Leon Black pay $158m to Jeffrey Epstein?". www.ft.com. Retrieved April 1, 2021.
- Oguh, Chibuike (May 4, 2021). "Apollo's first-quarter earnings surge on strong fee revenue". Reuters. Retrieved May 4, 2021.
- Drexel Divided on Settlement. The New York Times, December 17, 1988
- Ex-Drexel Executives Arrange Aid for Fruit of the Loom, August 24, 1990
- Changes at Drexel Continue. The New York Times, March 11, 1989
- Drexel's Uncertain Future. The New York Times, October 15, 1989
- Bailing Out France's Biggest Bank. The New York Times, January 26, 1995
- Altman, Edward I. "The High Yield Bond Market: A Decade Of Assessment, Comparing 1990 With 2000." NYU Stern School of Business, 2000
- HYLTON, RICHARD D. Corporate Bond Defaults Up Sharply in '89 The New York Times, January 11, 1990.
- Apollo dissolves Vail Resorts stake Archived February 25, 2009, at the Wayback Machine. Deseret News (Salt Lake City), October 1, 2004
- Company News; Walter Industries' Bondholders in Accord. The New York Times, April 9, 1994
- Settlement For Walter Industries And Creditors. The New York Times, October 21, 1994
- E-II Revamps Debt Plan To Offset Offer by Icahn. The New York Times, May 22, 1993.
- Washington Hopes 'Vulture' Investors Will Buy Bad Assets. The New York Times, February 10, 2009
- European Group Pressing Its Offer for Executive Life, April 13, 1991
- Executive Life Indictments Brought. Wall Street Journal, December 18, 2003 Archived September 7, 2006, at the Wayback Machine
- He Made Real Estate a Science: William L. Mack, W'61. Wharton School of Business Alumni Magazine, Spring 2007
- "AREA Property Partners Press Release" (PDF). Archived from the original (PDF) on June 26, 2013. Retrieved July 4, 2016.
- Apollo Real Estate Advisors closes Apollo Value Enhancement Fund VII with USD758m. Hedge Week, July 8, 2008
- Double trouble. The Deal, July 18, 2008 Archived November 11, 2010, at the Wayback Machine
- Leon Black: Wall Street's Dr. No Archived February 15, 2009, at the Wayback Machine. Business Week, July 29, 1996
- Levitz Furniture Gets Boost from Financier Leon Black. Knight Ridder/Tribune Business News, July 1996
- Communications Corporation of America Profile. Business Week
- Yucaipa will stack up hefty debt load if it buys Ralphs. Los Angeles Business Journal, August 22, 1994 Archived October 29, 2007, at the Wayback Machine
- HFS-Apollo in Real Estate Brokerage Venture. New York Times, August 13, 1997
- Pillowtex to Acquire Fieldcrest for $400 Million. New York Times, September 12, 1997
- Telemundo Plan Backed. New York Times, July 21, 1994
- Weyerhaeuser Mortgage Company sale closes. Business Wire, May 22, 1997
- Pegasus Capital Advisors > Craig Cogut Profile Archived July 30, 2012, at the Wayback Machine (company website). Also: Craig Cogut's Professional Profile (Founder of Pegasus Capital Advisors)[dead link].
- A trash hauler is buying a much bigger rival, a type of deal that makes Wall Street a bit nervous. The New York Times, March 9, 1999
- For a Theater Chain, A Revival May Be Near. New York Times, January 27, 2002
- Apollo Takes 20% Stake In Berlitz For $100 Million. New York Times, October 8, 1998
- Apollo Affiliate Is Acquiring Clark's Store Operations. New York Times, May 14, 1999
- Neptune Orient To Sell North American Train Network. New York Times, March 18, 1999
- Wyndham Receives $1 Billion From Investor Group. The New York Times, July 1, 1999
- Karmin, Craig (May 9, 2013). "Ares Management to Buy AREA Property Partners". WSJ. Retrieved May 14, 2020.
- "Private equity: the generational feud that rocked Apollo". Financial Times. Retrieved May 14, 2020.
- Apollo raising distressed-debt fund[dead link]. The Deal, June 5, 2003
- Fabrikant, Geraldine. "Private Firms Use Closed-End Funds To Tap the Market." The New York Times, April 17, 2004.
- Sorkin, Andrew Ross. "Equity Firm Is Seen Ready to Sell a Stake to Investors." The New York Times, April 5, 2007.
- Samuelson, Robert J. "The Private Equity Boom". The Washington Post, March 15, 2007.
- In Private Equity, the Limits of Apollo's Power. New York Times, December 7, 2008
- Timmons, Heather. "Opening Private Equity's Door, at Least a Crack, to Public Investors." The New York Times, May 4, 2006.
- Apollo equity fund IPO falls short of its target. International Herald Tribune, June 9, 2006
- Sorkin, Andrew Ross and De La Merced, Michael J. "Buyout Firm Said to Seek a Private Market Offering." The New York Times, July 18, 2007.
- Apollo chief says sold nine percent of firm to Abu Dhabi. Reuters, November 7, 2007
- Apollo Global Management, LLC, Form S-1, Securities And Exchange Commission, April 8, 2008
- Forget slowdown, PEs still heading to India. The Economic Times, August 8, 2008
- Bankruptcy Protection for Retailer. New York Times, May 3, 2008
- Apollo Struggles to Keep Debt From Sinking Linens 'n Things. The New York Times, April 14, 2008
- An End Run Around Realogy's Lenders. The New York Times, November 27, 2008
- PIK and Roll: Companies Seize On Perks of Loose Lending. Wall Street Journal, May 19, 2008
- "Apollo First-Quarter Profit Rises 76% as Holdings Gain". Bloomberg.
- Apollo Closes Buyout Fund Near $15 Billion Target. Wall Street Journal, January 23, 2009. Most recently, Apollo acquired Cedar Fair L.P. for about $650 million dollars cash. The company had seen profits plummet in the recent recession. Net income dropped more than $45 million from last year, and Cedar Fair was forced to sell. Apollo acquired more than 1.5 billion dollars of debt.
- "Press Releases :: Cedar Fair Entertainment Company". Archived from the original on December 21, 2009.
- "Coastal Business: Charleston Port activity studied". The Sun News. December 31, 2009. Retrieved January 1, 2010.[dead link]
- "Cedar Fair: Takeover not happening". The Seattle Times. April 6, 2010. Archived from the original on January 30, 2013. Retrieved November 19, 2011.
- "Rio Tinto completes divestment of 61 per cent of Alcan Engineered Products".
- "Apollo chief says sold nine percent of firm to Abu Dhabi". Reuters. November 7, 2007. Retrieved May 14, 2020.
- de la Merced, Michael J. "Private Equity Firms Duel Over Water Park Operator." The New York Times DealBook, April 8, 2012.
- "Hill Sells Education Unit to Apollo". Wall Street Journal.
- Kosman, Josh. "Leon Black's Apollo Global new owner of Twinkies, other Hostess snack brands". New York Post. Retrieved March 12, 2013.
- "Equity firm Apollo buys $419.4m (€307m) of Irish home loans from Lloyds". Irish Independent. December 6, 2013. Retrieved December 18, 2013.
- "Chuck E. Cheese sold in near-bn deal – FT.com". Financial Times.
- Littleton, Cynthia (October 10, 2014). "21st Century Fox and Apollo Seal Deal to Merge Shine, Endemol and Core". Retrieved January 13, 2019.
- Stone, Mike; Oran, Olivia; Roumeliotis, Greg (March 24, 2015). "Exclusive: Centerbridge in $1.35 billion deal for Great Wolf Resorts: sources". Reuters. Archived from the original on June 19, 2015. Retrieved June 9, 2015.
- Schuyler, David (May 12, 2015). "New owner pledges to grow Great Wolf Lodge chain". Milwaukee Business Journal. Retrieved June 9, 2015.
- Ankit Ajmera (June 1, 2015). "OM Group to be taken private by Apollo Global in $1.03 billion deal". Reuters. Archived from the original on June 1, 2015. Retrieved June 2, 2015.
- Andrew Callus (June 7, 2015). "Apollo wins auction for St-Gobain's Verallia". Reuters. Archived from the original on June 8, 2015. Retrieved June 8, 2015.
- Picker, Leslie (February 16, 2016). "ADT in $6.9 Billion Deal to Sell Itself to Apollo Buyout Firm". The New York Times. ISSN 0362-4331. Retrieved July 21, 2017.
- "Apollo Education Group shareholders approve merger agreement". Rueters. May 6, 2016. Archived from the original on November 7, 2017. Retrieved August 18, 2016.
- Jarzemsky, Matt; Mattioli, Dana (June 29, 2016). "Apollo Global to Buy Diamond Resorts for $2.2 Billion". Retrieved July 4, 2016 – via Wall Street Journal.
- "Rackspace to Go Private in $4.3 Billion Deal". August 26, 2016. Retrieved August 26, 2016 – via Wall Street Journal.
- "Apollo Global to buy West Corp for about $2 billion". Reuters. May 10, 2017. Retrieved November 25, 2019.
- "Apollo to buy Qdoba in $305M deal". Nation's Restaurant News. December 19, 2017. Retrieved December 5, 2019.
- Drucker, Jesse; Kelly, Kate; Protess, Ben (February 28, 2018). "Kushner's Family Business Received Loans After White House Meetings". Retrieved January 13, 2019 – via NYTimes.com.
- "Apollo is said to be nearing deal for group of Nexstar stations". Crain's New York Business. February 13, 2019. Retrieved February 15, 2019.
- "Apollo Global Management Acquires Cox's Television Stations Plus Radio & Newspapers In Dayton". RadioInsight. February 15, 2019. Retrieved February 15, 2019.
- Jessell, Harry A. (March 6, 2019). "Cox TV Valued At $3.1 Billion In Apollo Acquisition". TV News Check. Retrieved March 6, 2019.
- Jacobson, Adam (June 26, 2019). "It's Official: Cox Radio, Gamut, CoxReps Going To Apollo". Radio & Television Business Report. Retrieved June 26, 2019.
- "Cox Enterprises buys back Ohio newspapers; 7-day publication continues". daytondailynews. Retrieved February 10, 2020.
- Brumpton, Harry; Roumeliotis, Greg (April 16, 2019). "Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion". Reuters. Retrieved April 21, 2019.
- Newburger, Emma (June 10, 2019). "Shutterfly strikes take-private deal with Apollo Global, valuing company at $2.7 billion". CNBC. Retrieved June 27, 2019.
- Scigliuzzo, Davide; Ahmed, Nabila (August 5, 2019). "Apollo Takes on Wall Street With Massive Newspaper Loan Deal". Bloomberg.
- "Apollo PE takes majority stake in Gamenet Italia". SBC News. October 23, 2019. Retrieved October 23, 2019.
- "Apollo Global Management buys 48.67% stake in Italy's Gamenet". Reuters. October 23, 2019. Retrieved October 23, 2019.
- "France's Banijay to acquire rival Endemol Shine Group, producer of 'Black Mirror'". Los Angeles Times. October 26, 2019. Retrieved December 5, 2019.
- Kanter, Jake (July 3, 2020). "Sophie Turner Laing To Leave Endemol Shine Group As Banijay Group Completes $2.2BN Takeover". Deadline. Retrieved August 12, 2020.
- Oguh, Chibuike (May 1, 2020). "Apollo's first-quarter profit falls 20% as virus weighs on asset sales". Reuters. Retrieved July 30, 2020.
The New York-based firm said it had $315.5 billion of assets under management at the end of March
- "Apollo Global Management, Inc. Reports First Quarter 2020 Results" (PDF). Apollo. May 1, 2020. Retrieved July 30, 2020.
- Taylor, Charlie. "Apollo to invest $300m in Irish-domiciled Cimpress". The Irish Times. Retrieved May 14, 2020.
- Franklin, Joshua (May 20, 2020). "Apollo Global invests $1.75 billion in U.S. supermarket operator Albertsons". Reuters. Retrieved July 1, 2020.
- Vandevelde, Mark (July 30, 2020). "Apollo adds $100bn to war chest in second quarter". Financial Times. Retrieved July 30, 2020.
- "LendingPoint Closes $110MM Mezzanine Facility with Midcap Financial Trust and Apollo". ABL Advisor. March 10, 2021.
- "Verizon offloads Yahoo and AOL in $5 billion deal". CNN. May 3, 2021.
- Business People; Taking Tyco's View. The New York Times, February 29, 2004
- "About Apollo Global Management". www.apollo.com. Retrieved January 13, 2019.
- Amendment No. 8 to Form S-1
- Dasha Afanasieva (July 27, 2017). "Apollo raises $24.6 billion for largest private equity fund ever". Reuters.
- Apollo Investment (AINV) annual SEC income statement filing via Wikinvest.
- Apollo Investment (AINV) annual SEC balance sheet filing via Wikinvest.
- Apollo Investment Corporation: Portfolio Companies Archived February 27, 2009, at the Wayback Machine (company website)
- Apollo Alternative Assets: Investment Strategy (company website) Archived January 29, 2009, at the Wayback Machine
- "Cox Enterprises Announces Close of Cox Media Group Sale to Affialiates of Apollo Global Management". PR NEWSWIRE. Retrieved May 26, 2020.
- "Cox Enterprises to Sell Majority Stake in TV Stations to Apollo". The Atlanta Journal Constitution. Retrieved May 26, 2020.
- "It's Official: Cox Radio, Gamut, CoxReps Going to Apollo". Radio+Television Business Report. Retrieved May 26, 2020.
- "It's Official: Cox, Apollo Agree to Private Company". Dayton Daily News. Retrieved May 26, 2020.
- Coffey, Lauren (November 13, 2019). "Tech Data acquired in $5.4 billion deal". Tampa Bay Business Journal. Retrieved December 5, 2019.
- "Warren Buffett Failed to Spend His $128 Billion Cash Pile in Unusual Bid". Observer. December 3, 2019. Retrieved December 5, 2019.
- "Apollo Global to acquire $1bn energy investments portfolio of GE". Retrieved December 5, 2019.
- News, The PIE. "Apollo Education Group acquired for $1.14bn". thepienews.com. Retrieved December 5, 2019.
- Wiles, Russ. "Apollo Education starts new chapter as private firm". azcentral. Retrieved December 5, 2019.
- Jarzemsky, Matt; Mattioli, Dana (June 29, 2016). "Apollo Global to Buy Diamond Resorts for $2.2 Billion". The Wall Street Journal.
- Berry Plastics to Be Sold Again. Reuters, June 29, 2006
- Costume Jewelry Retailer Agrees to a Takeover. The New York Times, March 21, 2007
- Wave of Bankruptcy Filings Expected From Retailers in Wake of Holidays. Wall Street Journal, January 12, 2009
- U.S. defense spending bonanza puts niche acquisitions in play. CNBC, February 13, 2018
- Woolf, Nicky (April 14, 2015). "Former Blackwater guards sentenced for massacre of unarmed Iraqi civilians". The Guardian. Retrieved August 17, 2018.
- "Blackwater's Descendants Are Doing Just Fine". Foreign Policy. Retrieved August 17, 2018.
- Franklin, Joshua. "Apollo pauses plans to sell security firm Constellis: sources". U.S. Retrieved August 17, 2018.
- Apollo Sweetens Countrywide PLC Bid. Wall Street Journal, April 13, 2007
- Dutch Postal Deal. Associated Press, August 24, 2006
- Citi Is Said to Be Near Deal to Sell $12.5 Billion of Loans. The New York Times, April 9, 2008
- Apollo, GSO Debt Funds Have Faced Margin Call Issues. Wall Street Journal, November 12, 2008
- Black: Apollo's debt bets were 'a little early' Archived July 15, 2011, at the Wayback Machine. Private Equity Online, January 23, 2009
- Ahmed, Azam (March 13, 2012). "Apollo to Acquire Water Park Operator for $703 Million". The New York Times.
- Sorkin, Andrew Ross. "Harrah's Is Said to Be in Talks to Accept $16.7 Billion Buyout." The New York Times, December 18, 2006.
- Manufacturer of Chemicals Agrees to Bid From Apollo. The New York Times, July 13, 2007
- Huntsman Settles With Apollo, The New York Times, December 14, 2008
- Jacuzzi Brands Is Going Private. Reuters, October 12, 2006
- "McGraw-Hill to Sell Education Unit to Apollo for $2.5 Billion". The New York Times. November 26, 2012.
- Apollo Management to buy GE Advanced Materials Business. AltAssets, September 18, 2006 Archived June 8, 2008, at the Wayback Machine
- Mine Company Sells U.S. Unit. The New York Times, April 12, 2007
- Closes $1 Billion Investment by Apollo Archived February 26, 2009, at the Wayback Machine. Reuters, January 7, 2008
- Apollo Global Management to Acquire Management Services Business from Pitney Bowes. Pitney Bowes Inc, July 30, 2013
- "News & Insights – Document Outsourcing – Novitex" (PDF). Archived from the original on June 17, 2014. Retrieved July 4, 2016.
- Oceania Cruises sold to new owners. USA Today, February 27, 2007 Archived September 5, 2007, at the Wayback Machine
- Oceania Cruises Closes A Transaction With Apollo Management: Completes $850 Million Strategic Partnership. Oceania Cruises press release, April 30, 2007 Archived December 5, 2008, at the Wayback Machine
- "Philips completes sale of 80.1% interest in Lumileds to funds managed by affiliates of Apollo Global Management". August 10, 2017.[permanent dead link]
- "Philips to Sell Lumileds to Apollo". Bloomberg Technology. Retrieved August 10, 2017.
- Latest Deal in Real Estate for $9 Billion. The New York Times, December 18, 2006
- "Apollo Management, L.P. Completes Acquisition Of Realogy Corporation". Realogy. Archived from the original on September 27, 2007. Retrieved June 5, 2007.
- Icahn Sues Real Estate Company Over Debt. The New York Times, December 2, 2008
- Apollo to buy cruise company Regent Seven Seas Cruises. AltAssets, December 12, 2007 Archived December 2, 2008, at the Wayback Machine
- Carlyle to sell Rexnord Corporation to Apollo for $1.8bn. AltAssets, May 25, 2006 Archived March 7, 2008, at the Wayback Machine
- Smart & Final sells to Apollo Management affiliate in $813.9M deal. Los Angeles Business, February 20, 2007
- Whole Foods Deal. Bloomberg, June 21, 2007
- Hamstra, Mark (February 16, 2011). "Apollo Combines Sprouts, Henry's". Supermarket News. Penton Media, Inc. Retrieved December 4, 2011.
- Crabtree, Penni (February 27, 2011). "Merger of Henry's, Sprouts is latest in Boney family's retail saga". SignOn San Diego. The San Diego Union-Tribune. Retrieved December 4, 2011.
- "Cotton ornaments, 'Happy Thai Horses' (set of 4)". Retrieved July 4, 2016.
- Apollo Management Invests in Buyer of Mortgage Assets. The New York Times, May 28, 2008
- Verso Paper turns a page with IPO; President & CEO Mike Jackson credits a foundation document, focused strategies, and talented employees for company's success. Paper360, Oct 2008
- Verso Paper Sets I.P.O. Range. The New York Times, April 29, 2008
- Ares Enhanced Loan Investment Strategy IR, Ltd. Prospectus. September 22, 2008[dead link]
- Ares Management to Take New Fund Public. Los Angeles Times, April 22, 2004
- Ares Capital IPO Raises $165 Million. Los Angeles Times, October 6, 2004
- Media related to Apollo Global Management at Wikimedia Commons
- Official website
- Cox Media Group
- Gamut. Smart Media from Cox.
- McGraw-Hill Education
- Qdoba Mexican Eats
- ADT Inc.
- Business data for Apollo Global Management, LLC: