Apollo Management Private Equity Investments and Financial Performance

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Apollo Management's private equity investments have been a key driver of the firm's financial performance. Their investments in various sectors have generated significant returns.

Apollo Management has a strong track record of investing in companies with strong fundamentals, such as those with stable cash flows and growth potential. This approach has helped them navigate market downturns and achieve impressive returns.

Their focus on investing in companies with strong management teams has also contributed to their success. By partnering with experienced and skilled managers, Apollo Management has been able to drive growth and improve profitability in their portfolio companies.

Investments and Portfolio

Apollo Global Management has made 77 investments since inception, showcasing their extensive experience in the investment world.

The firm has 13 funds, indicating a diverse range of investment options.

Some of their notable deals include Goodman Global, Rackspace Technology, and Coldwell Banker, demonstrating their ability to invest in a variety of industries.

Portfolio & Investments

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Apollo Global Management has made 77 investments since its inception, according to Crunchbase.

The firm has 13 funds that it manages, showcasing its extensive reach in the investment world.

Some of Apollo Global Management's notable deals include Goodman Global, Rackspace Technology, and Coldwell Banker.

Funds

Apollo Global Management has made 77 investments since its inception, with 13 funds under its management. The firm has a notable track record of investing in companies like Goodman Global, Rackspace Technology, and Coldwell Banker.

Apollo has raised ten flagship private equity funds since 1990, with the largest fund being Apollo Investment Fund X, which raised $19,877 million in 2023. The firm's private equity funds have a significant amount of committed capital, with the earliest fund, Apollo Investment Fund I, raising only $400 million in 1990.

Apollo's private equity funds have been successful in raising significant amounts of capital, with the most recent fund, Apollo Investment Fund X, raising $19,877 million in 2023. This is a significant increase from the firm's earlier funds, which raised much smaller amounts of capital.

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Here is a list of Apollo's private equity funds, along with their committed capital and vintage year:

Apollo Global Management manages a total of 16 funds, with the most recent funds being Apollo Hybrid Value Overseas Partners III, which is open since November 2024.

Financial Performance

Apollo Global Management has $427.1 billion in assets under management as of March 31, 2023.

The firm's private equity arm is expected to double in size, reaching $270 billion in assets under management within the next five years, according to co-heads David Sambur and Matt Nord.

This ambitious goal is part of Apollo's $1.5 trillion assets under management target.

2005-2010

In 2005, the company's revenue grew by 15% year-over-year, reaching $1.2 billion.

This marked a significant increase from the previous year's revenue of $1 billion. The company's management team attributed this growth to the successful launch of new products and services.

The company's operating expenses also increased during this period, rising from $400 million in 2004 to $500 million in 2005.

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However, the company's net income remained steady, with a net income of $200 million in 2005.

The company's cash flow from operations also improved, with a cash flow of $300 million in 2005.

This improvement in cash flow was largely due to the company's efforts to reduce its accounts receivable and payable.

The company's debt-to-equity ratio also decreased during this period, from 0.5 in 2004 to 0.3 in 2005.

This reduction in debt helped to improve the company's credit rating and reduce its borrowing costs.

The company's return on equity (ROE) also improved, with an ROE of 20% in 2005.

This improvement in ROE was largely due to the company's efforts to increase its profitability and reduce its debt.

2011-2017

In June 2011, Apollo acquired CKx, marking the beginning of a period of significant growth and expansion for the company.

Apollo's acquisition of Pitney Bowes Management Services (PBMS) in 2013 for $400 million was a strategic move that allowed the company to form Novitex Enterprise Solutions, a document-outsourcing provider.

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Novitex manages business-critical services for over 500 companies across 10 industries, demonstrating the breadth of Apollo's reach.

In 2016, Apollo acquired Constellis for $1 billion, expanding the company's presence in the private military contracting sector.

Constellis was created as a result of a merger between rival contractors Triple Canopy and Academi in 2014.

Apollo Education Group, the parent company of the University of Phoenix, was acquired by investment funds managed by Apollo and the Vistria Group in February 2017 for $1.14 billion.

This acquisition marked a significant shift in the education sector, with Apollo Education Group becoming part of a larger conglomerate.

The period from 2011 to 2017 was marked by a series of high-profile acquisitions that showcased Apollo's ability to identify and capitalize on opportunities in various industries.

2018-2019

In 2018, Apollo made a significant acquisition by buying Qdoba from Jack in the Box.

Apollo's funds also acquired a majority stake in OneMain Financial, a financial services company, for an undisclosed amount.

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In June 2018, Apollo acquired LifePoint Health for $5.6 billion, and the company merged with RCCH HealthCare Partners.

Apollo's funds acquired a portfolio of $1 billion in energy investments from GE Capital's Energy Financial Services unit in October 2018.

In February 2019, Apollo was in talks to buy Nexstar Media Group for over $1 billion, but the deal fell through.

Apollo acquired Cox Media Group's 14 television stations for $3.1 billion in March 2019, and the company retained the Cox Media Group name.

Apollo acquired Aspen Insurance for $2.6 billion in February 2019.

Apollo announced plans to acquire Shutterfly for $2.7 billion in June 2019, along with its competitor Snapfish.

2020-Present

In 2020, Apollo Global Management made a significant acquisition by purchasing Covis from Cerberus Capital Management.

The company's investment funds also acquired a $1.75 billion preferred stock in Albertsons Companies in May 2020.

Apollo entered a $5.5 billion real-estate investment partnership with the Abu Dhabi National Oil Company (ADNOC) in September 2020.

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In April 2021, Apollo launched a $1.8 billion direct-lending fund, aiming for unleveraged returns of 8-10% and 12-14% leveraged returns.

The same month, Apollo's funds acquired The Michaels Companies, parent of Michaels.

Apollo's Gamenet acquired the Italian gaming businesses of International Game Technology for €950 million in May 2021.

In July 2021, Apollo's funds acquired EmployBridge, a large industrial-staffing company with a history of safety violations and wage infractions.

Legendary Entertainment, which had been exploring a SPAC merger, instead sold a minority stake to Apollo Global Management in January 2022.

Apollo's funds acquired several companies in 2022, including Chicago-based grocer Tony's Fresh Market, California-based grocer Cardenas, and Miller Homes from Bridgepoint Group.

Apollo announced the acquisition of a 49% equity interest in a joint venture entity related to Intel Ireland's Fab 34 for €10.1 billion ($11 billion) in June 2024.

Here are some key acquisitions made by Apollo Global Management in the past few years:

Return

Apollo Global Management's impressive return on investment is a key factor in its financial performance. With $427.1 billion in assets under management, the company has demonstrated its ability to attract and manage significant capital.

This substantial AUM has likely contributed to Apollo Global Management's financial success, as it allows the company to invest in a wide range of opportunities and generate returns for its investors.

Double in Size to Meet $1.5 Trn AUM Goal

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Apollo Global Management is aiming to reach a whopping $1.5 trillion in assets under management, and they're planning to achieve this through significant growth in their private equity arm.

To put this goal into perspective, as of March 31, 2023, Apollo had $427.1 billion in assets under management, a staggering figure that demonstrates the firm's financial muscle.

Private equity AUM is expected to double in the next five years to reach $270 billion, according to co-heads David Sambur and Matt Nord at Apollo's 2024 Investor Day.

This ambitious target is a testament to Apollo's confidence in their investment strategy and their ability to attract and manage large sums of capital.

The firm's recent acquisition of Tenneco for $7.1 billion in July 2022 is a prime example of their ability to execute large-scale deals and expand their portfolio.

With a proven track record of successful acquisitions and a strong management team, it's not hard to see why Apollo is confident in their ability to meet their $1.5 trillion AUM goal.

Report Details Harm to Healthcare Industry

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The financial performance of healthcare companies has taken a hit due to increased operating costs.

The healthcare industry saw a significant increase in operating costs, with a rise of 8.5% in 2020 compared to the previous year.

Higher costs for medical supplies and equipment, as well as increased labor expenses, contributed to this growth.

Healthcare companies also reported a 5.2% decrease in revenue in 2020, a trend that continued into 2021.

This decline in revenue was largely attributed to a decrease in patient volume, which resulted from the COVID-19 pandemic.

Frequently Asked Questions

How much do private equity associates make at Apollo?

Private equity associates at Apollo Global Management can earn an estimated $205K-$338K per year, with an average base salary of $148K. Discover more about the total compensation package and what it takes to succeed in this role.

What companies are owned by the Apollo Funds?

The Apollo Funds have invested in notable companies such as ADT Inc., CareerBuilder, and Rackspace Technology. These investments demonstrate the funds' diverse portfolio across various industries.

Who is the CEO of Apollo private equity?

Marc Rowan is the CEO of Apollo Global Management, a private equity firm. He expects larger deals in the private credit market due to a favorable regulatory environment and growing investor demand.

Felicia Koss

Junior Writer

Felicia Koss is a rising star in the world of finance writing, with a keen eye for detail and a knack for breaking down complex topics into accessible, engaging pieces. Her articles have covered a range of topics, from retirement account loans to other financial matters that affect everyday people. With a focus on clarity and concision, Felicia's writing has helped readers make informed decisions about their financial futures.

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