April 23, 2014 11:22 PM ET

Capital Markets

Company Overview of Apollo Global Management, LLC

Company Overview

Apollo Global Management, LLC is a publicly owned investment manager. It primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. The firm manages client focused portfolios. It launches and manages hedge funds and mutual funds for its clients. The firm also manages real estate funds and private equity funds for its clients. The firm invests in the fixed income and alternative investment markets across the globe. Its alternative investments include investment in private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investme...

9 West 57th Street

43rd Floor

New York, NY 10019

United States

Founded in 1990

710 Employees

Phone:

212-515-3200

Key Executives for Apollo Global Management, LLC

Chief Executive Officer
Age: 62
Total Annual Compensation: $100.0K
Chief Financial Officer
Age: 45
Total Annual Compensation: $1.0M
Managing Director of Credit
Age: 51
Total Annual Compensation: $3.7M
Chief Legal Officer
Age: 53
Total Annual Compensation: $3.9M
Senior Advisor
Age: 49
Total Annual Compensation: $2.0M
Compensation as of Fiscal Year 2013.

Apollo Global Management, LLC Key Developments

Catalunya Banc Lunches Sale Process For Project Hercules

Catalunya Banc, S.A. has launched the sale process of Project Hercules. Project Hercules is tranched into three sub-pools, according to loan pool performance, which includes Tranche A: €2.9 billion secured by just under 46,000 performing residential mortgages for which the collateral has a carrying value of €4.4 billion; Tranche B: €1 billion secured by just under 14,000 sub-performing residential mortgages for which the collateral has a carrying value of €1.7 billion; and Tranche C: €3 billion secured by around 52,000 non-performing residential mortgages for which the collateral has a carrying value of €3.7 billion. CoStar News said that a restricted number of parties have been invited to pitch for the sub-pools separately or combined which is expected to have included The Blackstone Group L.P. (NYSE:BX). In addition, Lone Star Gold, Inc. (OTCBB:LSTG), Cerberus Capital Management, L.P., Kennedy Wilson Europe Real Estate plc (LSE:KWE) and Apollo Global Management, LLC (NYSE:APO) are all expected to be among the invited bidders. The Project Hercules dataroom will open on April 21, 2014, with non-binding bids due May 19, 2014. Catalunya Banc is seeking to trade Project Hercules by the end of June 2014. N+1 is acting as financing advisor for Catalunya Banc for sale of Project Hercules. All parties declined to comment to CoStar.

FARINIA Bids For Ascometal

FARINIA SA has made a bid for Ascometal S.A., reported by Steel First on April 16, 2014. Farinia placed its bid last week. Farinia would not specify exactly when the bid was placed, nor would it disclose information regarding the value of the bid. Gerdau S.A. (BOVESPA:GGBR4) on April 7, 2014 said that it had placed a bid for Ascometal which included payment of €41.5 million plus the value of inventories, to be determined after due diligence. Market sources recently told Steel First that Apollo Global Management, LLC (NYSE:APO) would make a bid to buy back Ascometal. "I do not have a clue why Apollo would bid but they have no chance of succeeding," one French source said. Ascometal began a judicial recovery process in March 2014, after which parties interested in taking over the company's works were invited to submit proposals showing the intention to continue its operations. The French ministry of industrial renewal is responsible for overseeing the tender process, the results of which were originally due to be announced last week. Ascometal went into administration on March 7, 2014.

DEPFA Bank Reportedly Got Bidders

Apollo Global Management, LLC (NYSE:APO) and The Blackstone Group L.P. (NYSE:BX) are out of the race to acquire Hypo Real Estate Holding AG's DEPFA Bank Plc, according to people with direct knowledge of the matter. J.C. Flowers & Co. LLC, and a bid involving Oswald Gruebel, Credit Suisse Group AG, and Mead Park Holdings, remain in the talks, said sources who asked not to be identified because the discussions are private. Walter Allwicher, spokesman for Munich-based Hypo Real Estate, said the company is in talks with a selected number of bidders which he declined to identify. Hypo Real Estate drew offers between €250 million to €350 million for Depfa in January, two people said at the time. Blackstone had been bidding with Och-Ziff Capital Management Group LLC (NYSE:OZM), said two of the people. Officials from Och-Ziff also declined to comment. Officials from Blackstone, Apollo, JC Flowers, Mead Park and Gruebel each declined to comment to The Irish Times.

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