Apollo Management

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Apollo Management L.P. is a private equity L.P. firm, founded in 1990 by Leon Black (Apollo Advisors). Based in Purchase, New York, it also has offices in Los Angeles and London. It has invested over $16 billion in companies inside and outside the United States.

[edit] History

US buy-out firm Apollo Management has agreed to acquire Wilton, Connecticut-headquartered GE Advanced Materials (Silicones & Quartz) from GE in a deal valued at approximately $3.8 billion in cash and securities and rename it Momentive Performance Materials.

On December 18, 2006, Apollo Management announced it had made a proposal to acquire Realogy Corporation.

On December 19, 2006 Apollo's buyout of Harrah's Entertainment in partnership with Texas Pacific Group for $17.1 billion was approved by Harrah's board. The deal is still subject to approval by stockholders and regulators.

[edit] Apollo Investment Fund VI, L.P.

Currently Apollo is investing its sixth private equity fund, Apollo Investment Fund VI, L.P., which together with related co-investment entities, involves about $12 billion of new capital.