Apollo Management
Company
Allen gets to keep Charter...company Charter Communications as part the company's controversial reorganization plan. Allen had teamed with Leon Black's Apollo Management and other bondholders and proposed taking ownership of the company, while senior creditors, who... In this article: Paul Allen, Charter Communications, Bankruptcy, Apollo Management, Leon Black, Wells Fargo, Jpmorgan Chase, and Microsoft |
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Puget Sound Business Journal | September 18, 2009
Allen could lose control of Charter: Report
...plan. Bondholders need to keep Allen in control so they can argue that the plan does not result in a change of control, which would allow the company to pay senior lenders at the current below-market interest rate, the Post reported.
In this article: Paul Allen, Charter Communications, U.S. Bankruptcy Court, Tax, Bankruptcy, New York Post, and Microsoft Corp.
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NY Post: Business | September 03, 2009
ALLEN'S WRENCHED OVER CHARTER DEAL
...than $10 billion. Allen's Vulcan Ventures has teamed with the owners of about half of Charter's bonds -- including Leon Black-led Apollo Management -- to propose a reorganization of the cable company, in which the bondholders would get...
In this article: Paul Allen, Bankruptcy, James Peck, Tax, Vulcan Ventures, Leon Black, Charter Communications, and Microsoft
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TechFlash | March 21, 2009
Paul Allen's Charter; Amazon Fresh to Laurelhurst; Jott; etc.
...Seattle Daily TechFlash, our free email newsletter. Paul Allen's Charter Communications is working on a deal to convert the debt holdings of Apollo Management, Oaktree Capital and others into equity in advance of a possible bankruptcy...
In this article: Jott, Expedia, Paul Allen, Amazon.com, Seattle, Microsoft, and Earth Class Mail
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washingtonpost.com | March 19, 2009
paidContent.org - Charter Could Sell Stake To PE Firm Apollo; Allen To Maintain Voting Control
...already holds a substantial amount of Charter's debt. The way things have been shaping up, Apollo's debt would be converted into equity when Charter goes through bankruptcy proceedings. Microsoft (NSDQ: MSFT) co-founder Paul Allen would...
In this article: Charter, Paul Allen, Leon Black, Microsoft, Bankruptcy, Charter Communications, St. Louis, U.S., and Reuters
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New York Times | March 19, 2009
Charter in Talks to Give Equity Stakes to Debt Holders
...file for bankruptcy by April 1 as part of a restructuring plan struck with its creditors. Spokesmen for Charter and for Apollo declined to comment. Under any restructuring plan by Charter, its principal investor, the billionaire Paul G....
In this article: Bankruptcy, Agreement in principle, Oaktree Capital Management, Charter Communications, Paul G. Allen, and New York
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Description from Wikipedia:
Apollo Management L.P. is a private equity investment 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, and also has offices in Purchase, New York, Los Angeles and London. The firm has invested over $16 billion in companies.
As of December 2008, Apollo managed over US$37 billion of investor commitments across its private equity funds and other investment vehicles making it one of the largest private equity firms globally. Among the most notable companies currently owned by Apollo are AMC Entertainment, Claire's, Harrah's Entertainment, Norwegian Cruise Line and Realogy (Coldwell Banker and Century 21 Real Estate).
- Name:
- Apollo Management LP
- Type:
- Private
- Location:
- New York City, United States
- Founder:
- Leon Black, John Hannan, Craig Cogut (Departed), Arthur Bilger (Departed)
- Founded:
- 1997, 2002 (independent)
- Industry:
- Private Equity
- Products:
- Investments, private equity funds
- Assets:
- $37 billion
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