Apollo Global sells stake in Ahuja Towers

By Luisa Beltran — 4 weeks ago

Apollo Global Management has sold its stake in residential project Ahuja Towers of Mumbai-based Indian real estate company Ahuja Constructionss. Apollo invested $30.1 million in the Ahuja Towers project for 49 percent voting rights in the company. Apollo made $69.35 million with the sale of its stake, resulting in a 2.3x multiple return on their investment.

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Apollo Global closes OM Group buy

By Luisa Beltran — 3 months ago

Apollo Global Management LLC has completed its buy of OM Group Inc. for $34 a share. The deal was announced on June 1. Platform Specialty Products Corp is buying OM Group’s Electronic Chemicals and Photomasks businesses, excluding certain assets in Malaysia. Apollo is also acquiring the remaining three OM Group businesses, which include the Magnetic Technologies, Battery Technologies and Advanced Organics. Credit Suisse and Sumitomo Mitsui Banking Corp. provided debt financing.

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MidCap Financial to buy Mubadala GE Capital’s loan portfolio

By Luisa Beltran — 4 months ago

MidCap FinCo Ltd, a unit of Apollo Global Management LLC, agreed to buy Mubadala GE Capital’s (MGEC) loan portfolio of primarily corporate and real estate loans in the US and Europewith total assets of $3.6 billion (as of June 30, 2015). MGEC is a joint venture between Mubadala Development Corporation and GE Capital.

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Apollo to double real estate AUM with AR Global investment

By Chris Witkowsky — 6 months ago

Apollo Global Management will double its real estate assets under management to about $27 billion by taking a majority interest in a new company, AR Global Investments, LLC. The new company will own a majority of the asset management business of AR Capital, an asset manager focused on retail investors. Apollo also will acquire RCS Capital’s wholesale distribution business, which will become part of AR Global. The firm also has entered into a strategic relationship with RCS Capital’s retail advice business Cetera Financial Group.

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GTCR exits Protection 1

By Luisa Beltran — 7 months ago

GTCR has closed the sale of Protection 1 to Apollo Global Management. Protection 1 provides security alarm monitoring in the United States. Morgan Stanley & Co. LLC and Raymond James served as financial advisors to GTCR/Protection 1.

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