Apollo Global Management
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2022: Purchase of terminal business from Worldline for €2.3 billion
On February 21, 2022, the French payment services operator Worldline announced the sale of its Terminals, Solutions and Services (TSS, develops and sells payment terminals, and also offers related services and services) to the American financial company Apollo Funds. The transaction value is €2.3 billion. Read more here.
2021: $5 billion purchase of Yahoo and AOL
In early May 2021, Verizon Communications announced the sale of the media business to the investment company Apollo Global Management. The perimeter of the deal worth $5 billion includes projects from Yahoo, AOL, TechCrunch, Engadget, etc. Read more here.
2016
Purchase of lighting manufacturer Lumileds for $1.5 billion
On December 12, 2016, Philips announced the sale of most of the lighting manufacturer Lumileds, which was valued at $2 billion as part of the deal - 40% less than the Chinese Go Scale Capital offered.
Philips sells 80.1 percent stake in Lumileds to Apollo Global Management-related investment funds for $1.5 billion. Philips will keep the rest of the business (19.9%) for at least three years after the closure of the transaction, scheduled for the first half of 2017. Read more here.
Rackspace purchase for $4.3 billion
On August 26, 2016, it was announced that Apollo Global Management was buying Rackspace Hosting for $4.3 billion. The tech company will go private and hopes it will allow it to improve business performance. Read more here.
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