Apollo Capital Markets: A Leading US Buyout Firm

Apollo Capital Markets is a leading US buyout firm that has made a significant impact in the private equity industry. Apollo Capital Markets was founded in 1990 by Leon Black.

The firm has a long history of investing in various sectors, including retail, healthcare, and technology. Apollo Capital Markets has a strong track record of creating value for its portfolio companies.

With over $400 billion in assets under management, Apollo Capital Markets is one of the largest private equity firms in the world. Its team of experienced professionals has a deep understanding of the markets and a proven ability to identify and capitalize on investment opportunities.

Apollo Capital Markets has a global presence, with offices in major cities around the world.

Apollo Capital Markets is a platform that helps source, structure, and execute large-scale origination, providing clients with appropriate solutions and cost of capital to meet their objectives.

By working across Apollo's investment platform, the team is able to identify and connect clients with the right solutions for their needs.

Apollo Capital Markets supports portfolio companies and other investments in various capital markets activities, including financings, recapitalizations, and initial public offerings.

These activities help clients raise capital and optimize their balance sheets.

The team partners with third-party insurers, institutional investors, and asset managers to provide access to Apollo-originated assets and other flow and capital partnership opportunities.

Apollo Capital Markets is known for its strong relationships with investors and industry partners, providing clients with access to high-quality opportunities and financial alignment with Apollo's own accounts.

Apollo Capital Markets has a scaled, long-term capital base that allows them to commit to attractive origination opportunities throughout market cycles.

Their investment approach is centered around being significant and long-term investors in transactions, which helps them stay aligned with their clients' success. This alignment is a key factor in their ability to deliver creative and bespoke solutions tailored to clients' needs.

Apollo's breadth of capabilities across asset classes, geographies, and parts of the capital structure enables them to deliver unique solutions that meet the diverse needs of their clients.

Apollo Capital Markets has made several strategic acquisitions to expand its services and reach.

One notable acquisition was the purchase of a private equity firm, which allowed Apollo to increase its investment capabilities and diversify its portfolio.

This move enabled Apollo to tap into the private equity market and provide its clients with a broader range of investment options.

Cengage Group has just announced a significant investment of $500 million from Apollo Funds, a global alternative asset manager. This investment is a major boost for the edtech company, which will use the funds to reduce its outstanding debt and invest in its growing businesses.

The Apollo Funds, managed by affiliates of Apollo Global Management, Inc., will purchase a new series of convertible preferred stock of Cengage Group. This transaction is expected to close by June 30, 2023, subject to customary closing conditions.

Cengage Group's CEO, Michael E. Hansen, sees this investment as a strong affirmation of the company's performance and strategy. He's confident that this investment will give the company the optionality to invest in its portfolio of growing businesses.

Apollo Private Equity Partner Itai Wallach is also excited about the partnership, citing the company's deep experience in the education sector as a key factor in its success. He believes that Apollo's expertise will help accelerate Cengage Group's transformation from print to digital and drive further growth across its business.

With over a century of experience in the education sector, Cengage Group has evolved from a traditional print publisher to an edtech portfolio company that supports students from middle school through graduate school and skills education. The company has already made significant strides in the past year, acquiring Infosec and launching Ready to Hire, a solution to close skilled labor gaps and expand access to quality training.

This investment is a testament to Cengage Group's commitment to Education for Employment, a focus on providing products and services that help students gain the skills and competencies needed to be job ready. With the funds from Apollo, the company plans to continue investing in this mission.

Apollo Global, a US private equity house, acquired Stone Tower Capital in April, taking its asset management above $100bn.

The acquisition was finalized in April and is a significant move for Apollo, expanding its asset management capabilities.

Apollo's investments include casino operator Caesars Entertainment Corp, but it has been diversifying beyond buyouts into areas such as credit and real estate.

The firm's after-tax ENI per share was $1.10, up from 99 cents a year ago, thanks in part to strong first-quarter gains in its capital markets segment.

Apollo declared a first-quarter distribution of 25 cents per Class A share, providing a return to its shareholders.

Leon Black, Apollo's CEO, received $104.2m in 2011 dividends from a 24% stake, highlighting the firm's ability to generate significant returns for its executives.