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In 2012, Lyondell was included in the S&P 500, which signified the companys return to industry prominence. In April 2013, Fund VII worked with operating executive C. Dean Metropoulos to acquire the majority of the assets of Hostess snack cake business out of bankruptcy, investing nearly $150 million. funds american plan fi360 myplan tf cz direct retirement The combined transaction had a total enterprise value of $15 billion with Fund VIII and co-investors investing $3.6 billion of equity, which represents one of the largest buyouts in recent years. With its well-invested plants, strong technical expertise and long-standing customer base, Apollo believed Verallia would thrive as a stand-alone company, as opposed to continuing to operate as a non-core division within a much larger corporate framework. We believe our patient, creative, knowledgeable approach to investing serves to further align us with our clients, portfolio companies, employees, and the communities we impact. Private Equity is led by a global team of partners with unique industry expertise and a longstanding track record of working creatively with management teams to transform companies. When typing in this field, a list of search results will appear and be automatically updated as you type. Meet some of our professionals and visit our Careers site to learn how you can join us. hb```,? Our success is predicated on the success of each business within our portfolio providing their management teams with best-in-class resources is an essential element of the Apollo private equity ecosystem. Get the full list. American Securities invests in partnership with existing management teams of market-leading businesses, generally having $200 million to $2 billion of revenues and/or $50 million to $250 million of EBITDA. Following Lyondells emergence from bankruptcy, Apollo leveraged its experience in the chemicals industry to work with the company in driving value creation through a disciplined focus on cash flow and capital structure optimization, liquidity, cost reduction, margin improvement and sourcing strategic relationships. Given the hesitancy among banks to sign up to committed financings, particularly of this scale, Apollos creativity in sourcing private capital provided a differentiated advantage and enabled Fund VIII to complete the transaction. 0$$d@# 4 Q8HV A&FTF?
Following extensive diligence in the security monitoring space, Apollo identified Protection 1 and ASG Security as complementary businesses and Protection 1s management team as one of the best management teams in the industry. Private equity is the cornerstone of Apollos equity business, with $87 billion in assets under management as of December 31, 2021. The fund will focus on making investments between $200 million and $600 million. 3
Verallia is the third largest global manufacturer of glass bottlesLearn moreabout Verallia: Persistence Rewarded. american funds americanfunds "We greatly appreciate the interest expressed in ASP VIII by many long-standing relationships, as well as new investors. Fund VII subsequently monetized substantially all of its remaining investment in Hostess. 
Weil, Gotshal & Manges LLP served as fund counsel. This transaction would not have been possible without Apollos creativity in structuring a financing package at a time when financing markets were essentially shut. In deploying ASP VIII, the firm will generally invest $200 million to $600 million of equity capital in each situation, although larger investments are also possible. JavaScript isn't enabled in your browser, so the video can't be played. It also has an expansive portfolio of leading digital and adaptive products covering the full range of subject areas and grade levels. We believe that diverse teams outperform, foster innovation, and drive better decision making. We believe our strategy has succeeded by focusing on innovation at every turn, and seeking to deliver value to build better companies.
The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. The company ultimately entered Chapter 11 bankruptcy in January 2009. fund ix wraps 3bn haul largest mark ever catalyst general altassets We create opportunities for community giving and volunteering: from 2008 through 2020, employees from our funds portfolio companies have donated more than $1 billion to charitable organizations and volunteered more than 1.1 million hours of their time. Under no circumstances should the videos or case studies found on this website be construed as an offer to sell, or a solicitation to buy, any security or instrument in, or to participate in any investment strategy with any funds, vehicles or accounts sponsored or managed by Apollo Asset Management or any of its affiliates (Apollo) or any portfolio company in which Apollo has invested. McGraw-Hill Education ("MHE") is a leading global provider of education content and outcome-focused learning solutions for students, instructors, and institutions. Apollo is where the best and brightest in the industry collaborate in an entrepreneurial environment. funds ix fund raised cap total hard close equity jmi brings 4bn altassets didymus mike Apollo funds debt investment positioned them as creditors in negotiating the companys plan of reorganization, which ultimately allowed them to equitize their position in the restructured company. funds american capital number investments login account short Our Private Equity team is made of up intellectually curious and entrepreneurial individuals. Several years after the investment was made, the Apollo deal team worked with the company to optimize its capital structure to help position Hostess for a sale. In addition, other third parties that have relationships with, or knowledge of, such portfolio companies may not necessarily share the same views, beliefs, or opinions about the portfolio companies as those expressed in these videos and case studies. funds 
Hostess Brands, LLC (Hostess) is a leading sweet goods company in the U.S. with iconic brands that include Twinkies, Ding Dongs, Cup Cakes, Zingers, Donettes and HoHos. Fund VIIIs investment in ADT, comprised of three security monitoring firms, serves as a prime example of Apollos investment acumen in combining franchise assets, navigating a challenging investment environment, and leveraging its proprietary capital markets capabilities. 1094 0 obj <> endobj Apollos investment strategy for over three decades centers around three principal transaction types: buyouts, corporate carve-outs, and distressed investments. We seek creative, diverse perspectives and foster a sense of belonging and community. Not an Offer or Solicitation. As an independent company, Apollo felt there would be meaningful opportunities to streamline costs and focus on free cash flow optimization, leading to operational and organizational improvements.
Apollo makes no representation or warranty as to the accuracy, currentness or completeness of the information in these videos and case studies. Enable and reload. hbbd``b`:$Wq $"d0 "|qeA,H 1(7``bd We also take our contribution to the global economy seriously our portfolio companies employ ~335,000 workers, providing us with a unique opportunity to make a positive impact on our communities. funds american partners Apollo worked to finalize Protection 1s acquisition of The ADT Corporation, which required over $10 billion in debt financing, in late 2015 into 2016, when the capital markets were facing headwinds.
American Securities is led by an experienced and cohesive team, including 16 Managing Directors. american funds capital citigroup dividend ix securities cash way performance chart versus prs shares shows below
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1115 0 obj <>stream fund bv investment partners 750m sequel ix launch said altassets buyout LyondellBasell Industries N.V. (Lyondell) is one of the world's largest plastics, chemical, and refining companies. Acquiring the snack cake assets required a complete overhaul of the legacy manufacturing and distribution footprints, an undertaking which drove away many competing bidders and allowed funds managed by Apollo to invest in the new Hostess at an attractive creation multiple. title ix equity sports created 1972 Other past or present Apollo portfolio company executives, and other past or present Apollo employees, may not necessarily share the same opinions, views or beliefs about Apollo as those expressed in these videos and case studies.
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During the financial crisis, Apollo recognized the opportunity to acquire debt in Lyondell, as the business represented a good company with a bad balance sheet. Over the course of 2008 and into 2009, Fund VII, together with other Apollo funds, accumulated a multi-billion dollar first lien term loan position. Apollo creates value by engaging with portfolio companies from the very beginning of our partnership offering expertise, support, and resources to position each company growth. Importantly, through combination synergies, Fund VIII was able to significantly reduce its creation multiple. Hear Co-Leads of Private Equity, Matt Nord and David Sambur, as well as other members of the Apollo PE team describe in their own words, what sets our franchise apart. investments LyondellBasell: A Textbook Achievement in Distressed Investing This new partnership provides American Securities with further equity capital to support management teams in growing their businesses.". %PDF-1.6 % financial pinnacle funds american partners services financialservices institute plan advisors funds american vector advertisement 6870 0 obj <> endobj 0 Apollo Global Management, Inc. 2022 All Rights Reserved. Verallia: Persistence Rewarded The combination of these three businesses established the leading provider in the security monitoring space. We seek to drive value for our portfolio companies and across our portfolio, and we believe that we take a bespoke approach with every company, recognizing that each brings new sets of challenges and opportunities. Apollo Portfolio Performance Solutions (APPS) applies the scale and expertise of Apollo to help build better companies. bullnbear participant clipartmag alliance 401k logins kisaco autoplay pagination (Lyondell)Learn moreabout LyondellBasell: A Textbook Achievement in Distressed Investing. Subsequently, in May 2016, Protection 1 acquired The ADT Corporation, a leading industry player with global brand recognition, through a public-to-private transaction. Upon completion of the original transaction, Hostess successfully reopened three upgraded bakery facilities and ultimately relaunched the snack cake line, with original Year 5 projected EBITDA achieved by Year 2. Innovating and Evolving While Staying True to Apollos Core Values, Uncovering mispriced opportunities in sectors we know well, Price discipline, creative structuring, and downside protection remain the basis of our longstanding investing approach, Accelerating growth through value creation initiatives and strategic partnerships, Broadening conception of attractive risk-adjusted return. 6889 0 obj <>/Filter/FlateDecode/ID[<45483207423ECA99F5B2E2BF6DB8F071>]/Index[6870 29]/Info 6869 0 R/Length 88/Prev 236565/Root 6871 0 R/Size 6899/Type/XRef/W[1 2 1]>>stream funds american kiplinger retirement savers mutual 401k It should not be assumed that the portfolio companies and private credit deals discussed in these videos and case studies were or will be profitable or that future portfolio companies or private credit deals will be profitable. These teams come together through work, and through our employee affinity networks including Apollo Women Empower, Apollo Pride, and the Apollo Veterans Initiative. It provides 2- and 4-year college and university, professional, international, and K-12 markets with content, tools, and services delivered via digital, print, and hybrid solutions. In January 2018, ADT completed its initial public offering and listed its shares of common stock on the New York Stock Exchange. Apollo-managed funds acquired MHE as a carve-out from McGraw-Hill Companies in 2013. We believe Apollo was the only private equity manager with the industry insight, scale of capital, transaction structuring and capital markets expertise to complete this transaction. We believe that ESG engagement helps us to drive growth for the companies we invest in, generate better returns for investors and retirees, and create positive impact for workers and communities. In addition to the Investment Team, American Securities' nearly 120 dedicated colleagues include 35 functional experts in the firm's Resources Group, which supports the management teams of the firm's investments. 0
Hostess Brands, LLC (Hostess) is a leadingLearn moreabout Hostess: Resurrecting a Household Name. Apollo looked beyond economic headwinds, convinced that this market leader would ultimately prove strong enough to endure, to the benefit of the companys employees and Apollo funds investors alike. As of December 31, 2021.References to "assets under management" or "AUM" are as defined in Apollo Global Management, Inc.'s latest earnings release. What separates us is our consistent focus on value., We build great businesses and generate value by challenging convention and striving for excellence every single day., Apollo Global Management, Inc. (NYSE:APO), Environmental, Social and Governance (ESG), about McGraw Hill: A Digital Transformation, about Hostess: Resurrecting a Household Name, about ADT: Marquee Transaction Harnessing Apollos breadth, about LyondellBasell: A Textbook Achievement in Distressed Investing, environmental, social, and governance (ESG) policies and practices, Apollo Will Take Auto-Parts Supplier Tenneco Private, Bloomberg, Apollo Global partner reveals strategy behind firm's acquisition of 'Dune' producer Legendary, TV station group Tegna, and plans for further media M&A and 'our own IP', Business Insider, Willingness to tackle complexity and take on deals both large and small, Disciplined underwriting strategy and ability to invest across cycles, Industry-leading ESG reporting for portfolio companies. Apollo worked with the company to identify meaningful operational improvements, driving EBITDA margin expansion of nearly 200 basis points in approximately one year of ownership. American Securities and its affiliates have approximately $23 billion of cumulative committed capital under management.www.american-securities.com, Cision Distribution 888-776-0942 LyondellBasell Industries N.V. fund kelso 6bn ix target above closes altassets American Securities closed the fund above the $6 billion target and at the hard cap the firm established at the outset of fundraising in October 2017. Through its 80+ year history, Hostess has established unparalleled consumer brand awareness, strong customer relationships and partnerships with local communities throughout the U.S. Hostess has historically served over 100,000 unique customer locations across a diverse group of channels, including grocery stores, select convenience stores, supercenter locations and other mass merchandiser channels. In October 2015, Apollos persistence came to fruition as Saint-Gobain was seeking capital to fund a new acquisition, and Fund VIII was able to acquire the business for an attractive creation multiple at a discount to comparables. Win whats next. funds analyzed fossil Apollo offers deep capabilities in areas with the greatest potential for preserving and creating valuefrom talent management to digital transformation, advanced data analytics, and ESG reporting. Apollo worked with the company to complete several dividend recapitalizations, including in June 2016 in advance of the Brexit vote, which represented an attractive return of Fund VIIIs capital invested in Verallia. "ASP VIII maintains the 25-year fund life potential of prior American Securities funds, allowing management teams the flexibility to always act in the best long-term interest of their businesses," stated David L. Horing, a Managing Director of American Securities, who along with Mr. Fisch, is a Managing Member of ASP VIII's general partner. endstream endobj startxref %%EOF American Securities has pursued its investment strategy in a disciplined manner across business cycles and ever-evolving market dynamics since its inception in 1994. We are excited about the companys progress and prospects. 2bn separate tier altassets PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Verallia is the third largest global manufacturer of glass bottles and jars for the food and beverage industry. endstream endobj startxref APPS brings together these capabilities to help portfolio companies operate at their very best: McGraw-Hill Education ("MHE") is a leading global provider of education content and outcome-focused learning solutions for students, instructorsLearn moreabout McGraw Hill: A Digital Transformation.
ackground The investment in Lyondell exemplifies Apollos contrarian, value-oriented approachin the midst of an economic crisis, while most other investors were liquidating their positions in a flight to safety, Apollo funds invested in an asset with significant franchise value, continuing to buy Lyondells debt as it traded down and capturing significant value through the purchases. Youre viewing 5 of 10 investments. Hostess: Resurrecting a Household Name To explore American Securities Partners VIIIs full profile, request access. fund american funds chart america d100".` hb```Y, ea80gILI .000*|H0w 303 EL*Z/0gbcber 1c!Hn(U AX} %PDF-1.6 % Fund VIII acquired Protection 1 and ASG Security in July 2015. The size and scale of our business enables Apollo to help drive measurable change in environmental, social, and governance (ESG) policies and practices in companies and in our industry. These videos and case studies contain the opinions, views and/or beliefs of past and present Apollo employees and portfolio company executives, and are intended to be viewed by executives of companies that could become Apollo portfolio companies and corporate borrowers in the future. %%EOF Apollo was attracted to Hostess strong brand names and loyal customer base and had conviction in relaunching the business with a more streamlined and efficient cost structure. demo funds american sponsor login plan website retire rkds americanfunds
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Learn more about our career opportunities. NEW YORK, Feb. 27, 2018 /PRNewswire/ -- American Securities LLC, a leading U.S. private equity firm, today announced the first and final closing of American Securities Partners VIII, L.P. ("ASP VIII") with total capital commitments of $7 billion. Get the full list, Employees' Retirement System of the State of Hawaii, Youre viewing 5 of 21 limited partners. pinnacle advisors 1327 whitehead Fund VIIIs corporate carve-out of Verallia, formerly Saint-Gobains glass packaging business, demonstrates Apollos fortitude as an investor and differentiated skill-set in completing labor-intensive transactions. investments employer 2022 PitchBook. The bankruptcy process provided Fund VII with a unique opportunity to invest in a company that acquired select assets without incurring the pre-existing liabilities or legacy contracts that had historically weighed on the business. In November 2016, Hostess was sold to Gores Holdings, Inc., a publicly traded special purpose acquisition company led by affiliates of The Gores Group, LLC, and became a publicly listed company. Apollo reduced what was required of the banks by developing a strategy to roll over a portion of ADTs existing debt, by placing a portion of the debt directly with investors, and by raising additional capital through the issuance of preferred securities. This is a profile preview from the PitchBook Platform. `n#j&;&N&}&5 Iq;pf &!g02gx9 L c`x$[d7KX#q5Z"'a8;:4:f0J !Q d`RW@,I`g}W(g=L`i(;6LZo4#q#sw*L@1. ADT: Marquee Transaction Harnessing Apollos breadth ADT Inc. (ADT) is the leading provider of monitored security, interactive home and business automation and related monitoring services, serving approximately 8.3 million residential and commercial customers from over 200 sales and service locations and 12 monitoring centers in the U.S. and Canada. The firm strives to be a long-term, value-added partner to the CEOs and management teams of the companies in which it is privileged to invest. This information is available in the PitchBook Platform. We continue to see significant value in the business through operational improvement, free cash flow generation and EBITDA growth. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Apollo was able to help in identifying and carving out the specific product portfolio and assets which were most attractive and help to rebuild a corporate organization and structure around these assets. American Securities' prior fund, American Securities Partners VII, L.P., closed in 2015 with committed capital of $5 billion.
All rights reserved. hbbd``b`NgA{ ADT Inc. (ADT) is the leading provider of monitoredLearn moreabout ADT: Marquee Transaction Harnessing Apollos breadth. "We are proud that our investor base has continued to expand globally, with limited partners in ASP VIII from 27 countries," said Michael G. Fisch, a Founder and CEO of American Securities. In 2017, Verallia produced approximately 16 billion bottles and jars for wines, spirits, food, beers, and other beverages for some 10,000 customers around the world. About American Securities LLCBased in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. While we have grown the business significantly over 30 years, we continue to foster a nimble and close-knit apprenticeship culture, as well as a commitment to drive progress and innovation. Apollo funds invested $2.1 billion in the equity of Lyondell at an implied creation multiple of approximately half the historical average for similar commodity chemical companies. Given Apollos history in the packaging sector, Apollo had been following Verallia for nearly a decade and made several attempts to buy the company. funds american mutual capital fund investment farm state statefarm @ ( Get the full list, Youre viewing 5 of 8 team members. ix title turner charlotte Apollos unique ESG program combines our unrivaled experience, rigorous industry-leading reporting, an extensive network, and unwavering attention to operational excellence. funds american partnerships rated
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