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.
History
US buy-out firm Apollo Management has agreed to acquire Wilton, Connecticut-headquartered GE Advanced Materials (Silicones & Quartz) from GE in a deal valued at approximately $3.8 billion in cash and securities and rename it Momentive Performance Materials. 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.
Companies invested in
- AMC Entertainment
- Hexion Specialty Chemicals
- Linens 'n Things
- Norwegian Cruise Line
- Oceania Cruises
- Regent Seven Seas Cruises
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| Oceania Cruises · Regent Seven Seas Cruises · Norwegian Cruise Line |
