american securities fund ix

2022.07.31
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american securities fund ix

In deploying ASP VIII, the firm will generally invest $200 million to $600 million of equity capital in each situation, although larger investments are also possible. Verallia is the third largest global manufacturer of glass bottlesLearn moreabout Verallia: Persistence Rewarded. endstream endobj startxref 6870 0 obj <> endobj Apollo funds debt investment positioned them as creditors in negotiating the companys plan of reorganization, which ultimately allowed them to equitize their position in the restructured company. Apollos investment strategy for over three decades centers around three principal transaction types: buyouts, corporate carve-outs, and distressed investments. bullnbear participant clipartmag alliance 401k logins kisaco autoplay pagination Apollo worked with the company to complete several dividend recapitalizations, including in June 2016 in advance of the Brexit vote, which represented an attractive return of Fund VIIIs capital invested in Verallia. endstream endobj 1095 0 obj <. American Securities is led by an experienced and cohesive team, including 16 Managing Directors. 0$$d@# 4 Q8HV A&FTF? With its well-invested plants, strong technical expertise and long-standing customer base, Apollo believed Verallia would thrive as a stand-alone company, as opposed to continuing to operate as a non-core division within a much larger corporate framework. d100".` Given the hesitancy among banks to sign up to committed financings, particularly of this scale, Apollos creativity in sourcing private capital provided a differentiated advantage and enabled Fund VIII to complete the transaction. Apollo worked with the company to identify meaningful operational improvements, driving EBITDA margin expansion of nearly 200 basis points in approximately one year of ownership. With a significantly delevered balance sheet, Lyondell emerged from bankruptcy in 2010, with Apollo funds as the largest shareholders. Hostess: Resurrecting a Household Name About American Securities LLCBased in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. The combined transaction had a total enterprise value of $15 billion with Fund VIII and co-investors investing $3.6 billion of equity, which represents one of the largest buyouts in recent years. Fund VIII acquired Protection 1 and ASG Security in July 2015. The Managing Directors on the Investment Team average more than 13 years at American Securities.

NEW YORK, Feb. 27, 2018 /PRNewswire/ -- American Securities LLC, a leading U.S. private equity firm, today announced the first and final closing of American Securities Partners VIII, L.P. ("ASP VIII") with total capital commitments of $7 billion. hbbd``b`NgA{ Weil, Gotshal & Manges LLP served as fund counsel. While we have grown the business significantly over 30 years, we continue to foster a nimble and close-knit apprenticeship culture, as well as a commitment to drive progress and innovation. JavaScript isn't enabled in your browser, so the video can't be played. In addition to the Investment Team, American Securities' nearly 120 dedicated colleagues include 35 functional experts in the firm's Resources Group, which supports the management teams of the firm's investments. Verallia is the third largest global manufacturer of glass bottles and jars for the food and beverage industry. Youre viewing 5 of 10 investments. Win whats next. We are excited about the companys progress and prospects. Learn more about our career opportunities. LyondellBasell Industries N.V. (Lyondell) is one of the world's largest plastics, chemical, and refining companies. 0 Apollo is where the best and brightest in the industry collaborate in an entrepreneurial environment. @ ( To explore American Securities Partners VIIIs full profile, request access. Private equity is the cornerstone of Apollos equity business, with $87 billion in assets under management as of December 31, 2021. In October 2015, Apollos persistence came to fruition as Saint-Gobain was seeking capital to fund a new acquisition, and Fund VIII was able to acquire the business for an attractive creation multiple at a discount to comparables. `n#j&;&N&}&5 Iq;pf &!g02gx9 L c`x$[d7KX#q5Z"'a8;:4:f0J !Q d`RW@,I`g}W(g=L`i(;6LZo4#q#sw*L@1. Apollos unique ESG program combines our unrivaled experience, rigorous industry-leading reporting, an extensive network, and unwavering attention to operational excellence. 1094 0 obj <> endobj

Get the full list, Employees' Retirement System of the State of Hawaii, Youre viewing 5 of 21 limited partners.

We seek creative, diverse perspectives and foster a sense of belonging and community. Apollo makes no representation or warranty as to the accuracy, currentness or completeness of the information in these videos and case studies.

The company ultimately entered Chapter 11 bankruptcy in January 2009. American Securities and its affiliates have approximately $23 billion of cumulative committed capital under management.www.american-securities.com, Cision Distribution 888-776-0942 Other past or present Apollo portfolio company executives, and other past or present Apollo employees, may not necessarily share the same opinions, views or beliefs about Apollo as those expressed in these videos and case studies. We create opportunities for community giving and volunteering: from 2008 through 2020, employees from our funds portfolio companies have donated more than $1 billion to charitable organizations and volunteered more than 1.1 million hours of their time. It should not be assumed that the portfolio companies and private credit deals discussed in these videos and case studies were or will be profitable or that future portfolio companies or private credit deals will be profitable. Apollo was able to help in identifying and carving out the specific product portfolio and assets which were most attractive and help to rebuild a corporate organization and structure around these assets. Through its 80+ year history, Hostess has established unparalleled consumer brand awareness, strong customer relationships and partnerships with local communities throughout the U.S. Hostess has historically served over 100,000 unique customer locations across a diverse group of channels, including grocery stores, select convenience stores, supercenter locations and other mass merchandiser channels. We believe that diverse teams outperform, foster innovation, and drive better decision making. Upon completion of the original transaction, Hostess successfully reopened three upgraded bakery facilities and ultimately relaunched the snack cake line, with original Year 5 projected EBITDA achieved by Year 2. American Securities closed the fund above the $6 billion target and at the hard cap the firm established at the outset of fundraising in October 2017. Apollo Portfolio Performance Solutions (APPS) applies the scale and expertise of Apollo to help build better companies. American Securities invests in partnership with existing management teams of market-leading businesses, generally having $200 million to $2 billion of revenues and/or $50 million to $250 million of EBITDA.

Apollo was attracted to Hostess strong brand names and loyal customer base and had conviction in relaunching the business with a more streamlined and efficient cost structure. These teams come together through work, and through our employee affinity networks including Apollo Women Empower, Apollo Pride, and the Apollo Veterans Initiative. The investment in Lyondell exemplifies Apollos contrarian, value-oriented approachin the midst of an economic crisis, while most other investors were liquidating their positions in a flight to safety, Apollo funds invested in an asset with significant franchise value, continuing to buy Lyondells debt as it traded down and capturing significant value through the purchases. Hostess Brands, LLC (Hostess) is a leadingLearn moreabout Hostess: Resurrecting a Household Name. 2022 PitchBook. Our success is predicated on the success of each business within our portfolio providing their management teams with best-in-class resources is an essential element of the Apollo private equity ecosystem. What separates us is our consistent focus on value., We build great businesses and generate value by challenging convention and striving for excellence every single day., Apollo Global Management, Inc. (NYSE:APO), Environmental, Social and Governance (ESG), about McGraw Hill: A Digital Transformation, about Hostess: Resurrecting a Household Name, about ADT: Marquee Transaction Harnessing Apollos breadth, about LyondellBasell: A Textbook Achievement in Distressed Investing, environmental, social, and governance (ESG) policies and practices, Apollo Will Take Auto-Parts Supplier Tenneco Private, Bloomberg, Apollo Global partner reveals strategy behind firm's acquisition of 'Dune' producer Legendary, TV station group Tegna, and plans for further media M&A and 'our own IP', Business Insider, Willingness to tackle complexity and take on deals both large and small, Disciplined underwriting strategy and ability to invest across cycles, Industry-leading ESG reporting for portfolio companies. endstream endobj startxref Fund VII subsequently monetized substantially all of its remaining investment in Hostess. LyondellBasell: A Textbook Achievement in Distressed Investing Since then, the company has been transformedcreating value by bolstering investment in digital products, completing six digital-focused acquisitions, capitalizing on cost savings opportunities, and turning around the companys K-12 and international businesses. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. %PDF-1.6 % APPS brings together these capabilities to help portfolio companies operate at their very best: McGraw-Hill Education ("MHE") is a leading global provider of education content and outcome-focused learning solutions for students, instructorsLearn moreabout McGraw Hill: A Digital Transformation. Given Apollos history in the packaging sector, Apollo had been following Verallia for nearly a decade and made several attempts to buy the company. from 8 AM - 9 PM ET. As an independent company, Apollo felt there would be meaningful opportunities to streamline costs and focus on free cash flow optimization, leading to operational and organizational improvements. Meet some of our professionals and visit our Careers site to learn how you can join us. Not an Offer or Solicitation. It also has an expansive portfolio of leading digital and adaptive products covering the full range of subject areas and grade levels. 6889 0 obj <>/Filter/FlateDecode/ID[<45483207423ECA99F5B2E2BF6DB8F071>]/Index[6870 29]/Info 6869 0 R/Length 88/Prev 236565/Root 6871 0 R/Size 6899/Type/XRef/W[1 2 1]>>stream McGraw-Hill Education ("MHE") is a leading global provider of education content and outcome-focused learning solutions for students, instructors, and institutions.

In April 2013, Fund VII worked with operating executive C. Dean Metropoulos to acquire the majority of the assets of Hostess snack cake business out of bankruptcy, investing nearly $150 million. 0 In 2012, Lyondell was included in the S&P 500, which signified the companys return to industry prominence. The combination of these three businesses established the leading provider in the security monitoring space.