Tag Archives: Apollo Global Management

Apollo-Led Group to Become Majority Owners of Restructured Riverbed Technology

Riverbed Technology entered into a restructuring support agreement regarding the terms of a financial restructuring. Upon consummation of the recapitalization, a group of institutional investors led by Apollo Global Management will become the majority owners of the company.

MidCap and Lafayette Square Provide First Facility as Part of Apollo’s ‘Expanding Opportunity’ Approach

MidCap Financial, in alliance with Apollo Global Management, started a non-exclusive strategic capital relationship with Lafayette Square. In their first joint transaction, Lafayette Square and MidCap Financial Trust agreed to provide a senior secured facility to Zero Waste Recycling.

Farr Joins Apollo as Senior Partner to Lead Capital Solutions Activities

Craig Farr joined Apollo Global Management as a senior partner to lead the firm’s capital solutions activities. In this newly created role, Farr will spearhead Apollo’s centralized origination, structuring and distribution platform.

Apollo Global Management Pays $5B for Verizon Media

Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.

Global Eagle Completes Asset Sale, Emerges from Chapter 11

Global Eagle Entertainment completed the sale of substantially all of its assets to a group consisting of its first lien investors. Global Eagle’s new owners include certain funds managed by affiliates of Apollo Global Management, among others.

MidCap and Apollo Provide Up to $100MM Mezzanine Facility to LendingPoint

LendingPoint Consolidated, parent of the financial technology platform LendingPoint, closed an up to $110 million, five-year corporate mezzanine credit facility with new partners MidCap Financial Trust, managed by a subsidiary of Apollo Global Management, Inc. and Apollo Investment.

Apollo Unveils Impact Advisory Committee, Hall to Chair

Apollo Global Management created an impact advisory committee. The committee, chaired by Lisa Hall, will help guide the Apollo Impact platform and includes 11 members who bring diverse backgrounds and expertise across a variety of fields to focus on the firm’s impact investing platform.