Apollo Global Mgmt sold by Senior Director/co-founder: $23.82m- Apr 27-29
American private equity firm, founded in 1990 by former Drexel Burnham Lambert banker Leon Black. The firm specializes in leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, special situations, and industry consolidations. Apollo is headquartered in New York City, with additional offices across North America, Europe and Asia. The company's stock is publicly traded on the NYSE under the symbol 'APO'.
As of October 2019, Apollo had over US$312 billion in assets under management, and in 2016 it was the second-largest US-based alternative asset management firm. Among the most notable companies currently owned by Apollo are Cox Media Group, Constellis, Claire's, Caesars Entertainment Corporation, CareerBuilder, Novitex Enterprise Solutions, ADT, Endemol Shine Group (with The Walt Disney Company and before that 21st Century Fox)and Rackspace
Marc Rowan is the cofounder of Apollo Global Management, one of the biggest U.S. private equity firms, with over $300 billion in assets.
A UPenn alum, Rowan met Apollo cofounders Leon Black and Joshua Harris while working at investment bank Drexel Burnham Lambert's M&A division.
The trio founded Apollo in 1990, after Drexel filed for bankruptcy following a cash shortage caused by turmoil in the junk bond market.
Rowan and his cofounders took Apollo Global public in 2011.
He is a founding member and serves on the executive committee of the Youth Renewal Fund and is a member of the board of directors for the National Jewish Outreach Program, the New York Police Foundation and serves on the Board of Overseers of the University of Pennsylvania’s Wharton School of Business. In October 2018, he donated $50 million to the Wharton School at the University of Pennsylvania, the largest single gift in Wharton’s history. The funds would be used to recruit three Rowan Distinguished Professors, appoint Rowan Fellows and support the Penn Wharton Budget Mode
https://en.wikipedia.org/wiki/Apollo_Global_Management
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