Apollo Global Management
Portfolio investments
Table:
Investment
Year
Company Description
Ref.

Tech Data Corp.

2019

In November 2019, it was announced that Apollo acquired Florida-based Tech Data Corp. in a deal worth $5.4 billion, snatching it from Warren Buffett's Berkshire Hathaway.

[98][99]

GE Capital Energy Financial Services

2018

In October 2018, Apollo announced to have acquired a portfolio of $1 billion in energy investments of GE Capital's Energy Financial Services unit.

[100]

Apollo Education Group

2017

In February 2017, Apollo announced the acquisition of Apollo Education, the parent company of University of Phoenix, for $1.14 billion.

[101][102]

Berry Plastics

2006

In June 2006, Apollo and Graham Partners announced the acquisition of Berry Plastics Corporation, a maker of plastic containers, for $2.25 billion from Goldman Sachs Capital Partners and JPMorgan Partners.

[103]

Chuck E. Cheese's

2014

In 2014, Apollo bought CEC Entertainment, the parent of Chuck E. Cheese's Restaurants.

Claire's

2007

In March 2007, Apollo announced the $3.1 billion leveraged buyout of costume jewelry retailer, Claire's Stores. In 2008, Claire's experienced financial difficulty amid the slump in consumer spending.

[104][105]

Constellis

2016

Apollo bought Constellis Holdings in 2016 for $1 billion. Constellis is a private military contractor that was created as a result of a merger between rival contractors Triple Canopy and Academi in 2014. Academi, founded by Erik Prince and formerly known as Blackwater USA, is best known for its role in the Nisour Square Massacre, where Blackwater guards killed 17 Iraqi civilians and injured 20.

[106][107][108][109]

Countrywide plc

2007

In May 2007, Apollo acquired Countrywide plc, the leading provider of residential property related services in the UK, formerly known as Hambro Countrywide (1988) and Countrywide Assured Group (1998) for $1.05 billion (not related to Countrywide Financial).

[110]

CEVA Logistics

2006

In August 2006, TNT N.V. announced that it had agreed to the sale of its logistics division to Apollo for $1.9 billion. The business was re-branded as CEVA in November 2007.

[111]

Debt investments

2008-2009

Since the beginning of 2008, Apollo has been a significant acquiror of senior secured loans from investment banks and other financial institutions. In April 2008, Apollo, TPG Capital and The Blackstone Group completed the acquisition of $12.5 billion of bank loans from Citigroup. The portfolio comprised primarily senior secured leveraged loans that had been made to finance leveraged buyout transactions at the peak of the market. Citigroup had been unable to syndicate the loans before the onset of the credit crunch. The loans were reported to have been sold in the "mid-80 cents on the dollar" relative to face value. In late 2008, it was reported that Apollo had received margin calls associated with the financing of its purchase of certain loan portfolios as the price of the loans decreased.

[112][113][114]

Great Wolf Resorts

2012

In March 2012 Apollo announced plans to acquire the resorts chain for $703 million. Reports indicated the chain had not turned a profit since 2008.

[115]

Harrah's Entertainment

2006

On December 19, 2006, Apollo and TPG Capital announced an agreement to acquire the gaming company for $27.4 billion, including the assumption of existing debt.

[116]

Hexion Specialty Chemicals

2005

Hexion was formed in 2005 through the merger of Borden Chemical, Inc., Resolution Performance Products LLC, and Resolution Specialty Materials LLC, and the acquisition of Bakelite AG. Hexion announced in July 2007 that it was acquiring Huntsman Corporation, a major specialty chemicals company, in a $6.5 billion leveraged buyout. Hexion announced in June 2008 it would refuse to close the deal, prompting a series of legal actions. The transaction was officially terminated on December 14 after a settlement between Hexion and Huntsman, wherein they were required to pay Huntsman $1 billion to drop fraud charges that would have potentially sent the CEO of Apollo to prison.

[117][118]

Jacuzzi Brands

2006

In October 2006, Apollo announced a $990 million leveraged buyout of Jacuzzi Brands, the manufacturer of whirlpool baths.

[119]

McGraw-Hill Education

2012

In November 2012, McGraw Hill announced that it had agreed to the sale of its education division to Apollo for $2.5 billion.

[120]

Momentive Performance Materials

2006

In June 2006, Apollo acquired General Electric's Advanced Materials (Silicones & Quartz) business in a deal valued at approximately $3.8 billion.

[121]

Noranda Aluminum

2007

In April 2007, Apollo acquired the US aluminum business of the mining company Xstrata for $1.15 billion. The aluminum business, Noranda Aluminum, includes a primary smelter and three rolling mills in Tennessee, North Carolina and Arkansas along with other operations.

[122]

Norwegian Cruise Line

2008

In January 2008, Apollo completed a $1 billion investment in the cruise line operator to support a recapitalization of the company's balance sheet.

[123]

Novitex Enterprise Solutions

2013

In 2013, Apollo acquired Pitney Bowes Management Services (PBMS) for $400 million. From PBMS, Apollo formed Novitex Enterprise Solutions. Novitex is a document outsourcing provider that manages business-critical services for over 500 companies across ten industries. Many of its clients are Fortune 500 companies.

[124][125]

Oceania Cruises

2007

In February 2007, Apollo acquired the luxury cruise line and provided additional capital to fund the expansion of the company with the purchase of two new cruise ships.

[126][127]

Considering the following table plus the background passages provided.

Respond to the question below: What city and state is the company headquartered in that Apollo acquired in 2014 ? Output only the correct answer as {"answer": "YOUR ANSWER"}. Base your answer solely on the given information.

Tech Data Corporation ( commonly referred to as Tech Data ) is an American multinational distribution company specializing in IT products and services headquartered in Clearwater , Florida . Tech Data provides a broad range of product lines , logistics capabilities and value-added services that enable technology manufacturers and resellers , such as Google , Apple , Cisco , Dell , Fortinet , Hewlett Packard Enterprise , HP Inc. , IBM , Lenovo , LG , Microsoft , Samsung , Sony , Symantec , Trend Micro , Viewsonic and VMware , to deploy IT solutions . Tech Data is now one of the world 's largest distributors of IT products and services , generating $ 37.7 billion in net sales for the fiscal year ended January 31 , 2017 . The company ranked No . 83 on the 2018 Fortune 500 and one of Fortune 's World 's Most Admired Companies .
Warren Edward Buffett ( /ˈbʌfɪt/ ; born August 30 , 1930 ) is an American business magnate , investor , and philanthropist , who is the chairman and CEO of Berkshire Hathaway . He is considered one of the most successful investors in the world and has a net worth of US $ 88.9 billion as of December 2019 , making him the fourth-wealthiest person in the world . Buffett was born in Omaha , Nebraska . He developed an interest in business and investing in his youth , eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring and graduating from the University of Nebraska at the age of 19 . He went on to graduate from Columbia Business School , where he molded his investment philosophy around the concept of value investing that was pioneered by Benjamin Graham . He attended New York Institute of Finance to focus his economics background and soon after began various business partnerships , including one with Graham . He created Buffett Partnership , Ltd in 1956 and his firm eventually acquired a textile manufacturing firm called Berkshire Hathaway , assuming its name to create a diversified holding company . In 1978 , Charlie Munger joined Buffett and became vice chairman of the company . Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970 . He has been referred to as the Oracle or Sage of Omaha by global media outlets . He is noted for his adherence to value investing and for his personal frugality despite his immense wealth . Research published at the University of Oxford characterizes Buffett 's investment methodology as falling within founder centrism - defined by a deference to managers with a founder 's mindset , an ethical disposition towards the shareholder collective , and an intense focus on exponential value creation .
Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha , Nebraska , United States . The company wholly owns GEICO , Duracell , Dairy Queen , BNSF , Lubrizol , Fruit of the Loom , Helzberg Diamonds , Long & Foster , FlightSafety International , Pampered Chef , Forest River and NetJets , and also owns 38.6% of Pilot Flying J ; 26.7% of the Kraft Heinz Company , and significant minority holdings in American Express ( 17.6% ) , Wells Fargo ( 9.9% ) , The Coca-Cola Company ( 9.4% ) , Bank of America ( 6.8% ) , and Apple ( 5.22% ) . Since 2016 , the company has acquired large holdings in the major US airline carriers , and is currently the largest shareholder in United Airlines and Delta Air Lines , and a top three shareholder in Southwest Airlines and American Airlines . Berkshire Hathaway has averaged an annual growth in book value of 19.0% to its shareholders since 1965 ( compared to 9.7% from the S & P 500 with dividends included for the same period ) , while employing large amounts of capital , and minimal debt . The company is known for its control and leadership by Warren Buffett , who serves as chairman and chief executive , and by Charlie Munger , the company 's vice-chairman . In the early part of his career at Berkshire , Buffett focused on long-term investments in publicly traded companies , but more recently he has more frequently bought whole companies . Berkshire now owns a diverse range of businesses including confectionery , retail , railroads , home furnishings , encyclopedias , manufacturers of vacuum cleaners , jewelry sales , manufacture and distribution of uniforms , and several regional electric and gas utilities . According to the Forbes Global 2000 list and formula , Berkshire Hathaway is the third largest public company in the world , the tenth largest conglomerate by revenue and the largest financial services company by revenue in the world . As of February 2020 , Berkshire 's Class B stock is the seventh-largest component of the S & P 500 Index ( which is based on free-float market capitalization ) and the company is famous for having the most expensive share price in history with Class A shares costing around $ 340,000 each . This is because there has never been a stock split in its Class A shares and Buffett stated in a 1984 letter to shareholders that he does not intend to split the stock .
Apollo Education Group , Inc. is an American corporation based in the South Phoenix area of Phoenix , Arizona , with an additional corporate office in Chicago , Illinois . The company owns and operates several higher-learning institutions , including the University of Phoenix , BPP Holdings in the United Kingdom , University for the Arts , Sciences , and Communication in Santiago , Chile , and Universidad Latinoamericana in Mexico . On May 8 , 2016 , the company announced its sale to a group of private investors for $ 1.14 billion , effectively going private . On February 1 , 2017 , Apollo Education Group Inc announced the completion of its acquisition by a consortium of investors including The Vistria Group , LLC and funds affiliated with Apollo Global Management , LLC .
The University of Phoenix ( UOPX or UOP ) is a for-profit university headquartered in Phoenix , Arizona . Founded in 1976 , the school confers certificates and degrees in over 100 certificate programs and degree programs at the certificate , associate , bachelor 's , master 's , and doctoral degree levels . It is regionally accredited by the Higher Learning Commission and has an open enrollment admission policy , accepting all applicants with a high-school diploma , GED , or its equivalent as sufficient for admission . In 2017 , the school 's parent company , Apollo Education , was acquired by Apollo Global Management , an American private equity firm . It is the largest recipient of federal GI Bill tuition benefits and the largest for-profit recipient by Pell Grant assistance funding . For the 2008-2009 fiscal year , its student body received more Pell Grant money than any other university . A 2010 report found that the university 's online graduation rate was only 5 percent . The university has paid hundreds of millions of dollars in fines and settlements concerning its student recruiting practices and education programs , particularly including deceptive advertising to prospective students .
Berry Global , Inc is a Fortune 500 global manufacturer and marketer of plastic packaging products . Headquartered in Evansville , Indiana , it has over 290 facilities across the globe and more than 48,000 employees . With $ 13 billion in revenues in fiscal year 2018 , the company is the 6th largest Indiana headquartered company in Fortune Magazines ranking . In April 2017 , the company changed its name from Berry Plastics to Berry Global , Inc . The company has three core divisions : ( 1 ) Health , Hygiene , and Specialties ; ( 2 ) Consumer Packaging ; and ( 3 ) Engineered Materials . Berry claims to be the world 's leader in manufactured aerosol caps , and also provides one of the most extensive lines of container products . Berry has more than 2,500 clients , including firms as Sherwin-Williams , Borden , McDonald 's , Burger King , Gillette , Procter & Gamble , Coca-Cola , Wal-Mart , Kmart , and Hershey Foods .
Goldman Sachs Capital Partners is the private equity arm of Goldman Sachs , focused on leveraged buyout and growth capital investments globally . The group , which is based in New York City , was founded in 1986 . GS Capital Partners has raised approximately $ 39.9 billion since inception across seven funds and has invested over $ 17 billion . On April 23 , 2007 , Goldman closed GS Capital Partners VI with $ 20 billion in committed capital , $ 11 billion from institutional and high-net-worth investors and $ 9 billion from Goldman Sachs and its employees . GS Capital Partners VI is the current primary investment vehicle for Goldman Sachs to make large , privately negotiated equity investments .
CCMP Capital is an American private equity investment firm that focuses on leveraged buyout and growth capital transactions . Formerly known as JP Morgan Partners , the investment professionals of JP Morgan Partners separated from JPMorgan Chase on July 31 , 2006 . CCMP has invested approximately $ 12 billion in leveraged buyout and growth capital transactions since inception . In 2007 , CCMP was ranked # 17 among the world 's largest private equity funds . CCMP has 37 employees with offices in New York , London , Hong Kong and Tokyo . In 2008 , CCMP hired Greg Brenneman as chairman .
Chuck E. Cheese ( formerly known as Chuck E. Cheese 's Pizza Time Theatre , Chuck E. Cheese 's Pizza , and Chuck E. Cheese 's ) is a chain of American family entertainment centers and restaurants . The chain is the primary brand of CEC Entertainment , Inc. and is headquartered in Irving , Texas . The establishment serves pizza and other menu items , complemented by arcade games , amusement rides , and animatronic displays as a focus of family entertainment . The brand derives its name from its main animatronic character and mascot Chuck E. Cheese , a comedic rat who sings and interacts with guests . The first location opened in San Jose , California , as Chuck E. Cheese 's Pizza Time Theatre , on May 17 , 1977 . The concept was created by Atari co-founder Nolan Bushnell , credited with bringing video games such as Pong to the mainstream . The Pizza Time Theatre was the first family restaurant to integrate food , animated entertainment , and an indoor arcade . Following a filing for bankruptcy , the chain was acquired by competitor ShowBiz Pizza Place in 1984 , forming ShowBiz Pizza Time , Inc . In 1990 , the company began unifying the two brands with the goal of renaming every location to Chuck E. Cheese 's Pizza . The logo was redesigned in 1994 after pizza was dropped from each store 's name . ShowBiz Pizza Time , Inc. became CEC Entertainment , Inc. in 1998 , and over 600 Chuck E. Cheese stores are open in 47 states and 17 countries as of 2019 [ update ] .
Claire 's , formerly known as Claire 's Accessories , is an American retailer of accessories , jewelry , and toys primarily aimed toward girls , tweens and teens . It was founded in 1961 and is based in Hoffman Estates , Illinois , a suburb of Chicago . The company is owned by Apollo Global Management , LLC . As of October 27 , 2012 , Claire 's has 3,469 stores in 36 countries : 1,947 in North America ( United States and Canada ) ; 1,141 in Europe ( United Kingdom , France , Switzerland , Spain , Ireland , Austria , Germany , Netherlands , Portugal , Belgium , Poland , Czech Republic , Hungary , and Italy ) ; and 381 franchised and licensed stores elsewhere in the world ( Japan , Middle East , India , Mexico , Turkey , Ukraine , Greece , Serbia , Malta , Guatemala , El Salvador , Panama , Venezuela , and Dominican Republic ) . Their stores are in 96% of all U.S. shopping malls , and Claire 's has done more ear piercings than any other retailer , over 90 million in 25+ years . In 1996 , Leslie Mann of the Chicago Tribune said ,
Triple Canopy , Inc. , is a private security company that provides integrated security , mission support and risk management services to corporate , government and nonprofit clients . The firm was founded in May 2003 by the U.S. Army Special Forces veterans , including former Delta operators . In June 2014 , the firm merged with rival security contracting firm , Academi , formerly Blackwater , to form Constellis Group , with Craig Nixon , the former CEO of Academi , becoming the CEO of Constellis Group , and training facilities being consolidated at the existing Academi training facility in North Carolina . It was staffed by , among others , a number of former Army Special Operations personnel , Special Forces soldiers , Rangers , SEALs , MARSOC Critical Skills Operators , other special operations personnel , and a select few law enforcement officers . Over 5,000 employees worked for Triple Canopy at the time of the merger .
Triple Canopy , Inc. , is a private security company that provides integrated security , mission support and risk management services to corporate , government and nonprofit clients . The firm was founded in May 2003 by the U.S. Army Special Forces veterans , including former Delta operators . In June 2014 , the firm merged with rival security contracting firm , Academi , formerly Blackwater , to form Constellis Group , with Craig Nixon , the former CEO of Academi , becoming the CEO of Constellis Group , and training facilities being consolidated at the existing Academi training facility in North Carolina . It was staffed by , among others , a number of former Army Special Operations personnel , Special Forces soldiers , Rangers , SEALs , MARSOC Critical Skills Operators , other special operations personnel , and a select few law enforcement officers . Over 5,000 employees worked for Triple Canopy at the time of the merger .
Academi is an American private military company founded in 1997 by former Navy SEAL officer Erik Prince as Blackwater , renamed as Xe Services in 2009 and known as Academi since 2011 after the company was acquired by a group of private investors . The company received widespread notoriety in 2007 , when a group of its employees killed 14 Iraqi civilians and injured 20 in Nisour Square , Baghdad for which four guards were convicted in a U.S. court . Academi provides security services to the United States federal government on a contractual basis . Since 2003 , the group has provided services to the Central Intelligence Agency . In 2013 , Academi subsidiary International Development Solutions received an approximately $ 92 million contract for State Department security guards . In 2014 , Academi became a division of Constellis Group along with Triple Canopy and other security companies that were part of the Constellis Group as the result of an acquisition .
Erik Dean Prince ( born June 6 , 1969 ) is an American businessman , former U.S. Navy SEAL officer , and the founder of the government services and security company Blackwater USA , now called Academi . He served as Blackwater 's CEO until 2009 and as its chairman until its sale to a group of investors in 2010 . Prince now heads the private equity firm Frontier Resource Group and is chairman of Hong Kong-listed Frontier Services Group Ltd . He is the brother of U.S. Secretary of Education Betsy DeVos .
The Nisour Square Massacre occurred on September 16 , 2007 where employees of Blackwater Security Consulting ( now Academi ) , a private military company contracted by the US government to provide security services in Iraq , shot at Iraqi civilians , killing 17 and injuring 20 in Nisour Square , Baghdad , while escorting a U.S. embassy convoy . The killings outraged Iraqis and strained relations between Iraq and the United States . In 2014 , four Blackwater employees were tried and convicted in U.S. federal court ; one of murder , and the other three of manslaughter and firearms charges . Blackwater guards claimed that the convoy was ambushed and that they fired at the attackers in defense of the convoy . The Iraqi government and Iraqi police investigator Faris Saadi Abdul stated that the killings were unprovoked . The next day , Blackwater Worldwide 's license to operate in Iraq was temporarily revoked . The U.S. State Department has said that innocent life was lost , and according to the Washington Post , a military report appeared to corroborate the Iraqi government 's contention that Blackwater was at fault . The Iraqi government vowed to punish Blackwater . The incident sparked at least five investigations , including one from the Federal Bureau of Investigation . The FBI investigation found that , of the 17 Iraqis killed by the guards , at least 14 were shot without cause . In December 2008 , the U.S. charged five Blackwater guards with 14 counts of manslaughter , 20 counts of attempted manslaughter and a weapons violation but on December 31 , 2009 , a U.S. district judge dismissed all charges on the grounds that the case against the Blackwater guards had been improperly built on testimony given in exchange for immunity . Prime Minister Nouri al-Maliki harshly criticized the dismissal .
Countrywide PLC is the United Kingdom 's largest property group , including residential property surveying , a collaboration of estate agents , and corporate services . It employs circa 10,000 personnel nationwide , working across 850+ estate agency or lettings offices operating under 65+ local high street brands , supplemented by 650 mortgage consultants . Countrywide is listed on the London Stock Exchange .
Bank of America Home Loans is the mortgage unit of Bank of America . In 2008 , Bank of America purchased the failing Countrywide Financial for $ 4.1 billion . In 2006 , Countrywide financed 20% of all mortgages in the United States , at a value of about 3.5% of United States GDP , a proportion greater than any other single mortgage lender .
CEVA Logistics is a global logistics and supply chain company in both freight management and contract logistics with US $ 7 billion in revenues . Its head office is in Baar , Switzerland and it was founded in 2007 , as a merger of TNT Logistics and EGL Eagle Global Logistics . In early May 2018 CEVA had over 56,000 employees working in 17 regional clusters operating from 160 countries . CEVA Logistics also announced plans for IPO in April 2018. Credit Suisse and Morgan Stanley have already been appointed as bookrunners , with Deutsche Bank , UBS , Berenberg and HSBC working also working on the IPO . [ citation needed ] CEVA started trading on the SIX Swiss Exchange on 4 May 2018 . In January 2020 , Mathieu Friedberg was announced as the CEO of CEVA Logistics .
PostNL ( Dutch pronunciation : [ ˈpɔst ɛnˌɛl ] ) formerly TNT NV is a mail , parcel and e-commerce corporation with operations in the Netherlands , Germany , Italy , Belgium , and the United Kingdom . It provides universal delivery in the Netherlands , and is publicly listed at Euronext Amsterdam . The company was known as TNT NV until TNT Express was separated from it in May 2011 , and the remainder of the company was renamed PostNL .
A secured loan is a loan in which the borrower pledges some asset ( e.g . a car or property ) as collateral for the loan , which then becomes a secured debt owed to the creditor who gives the loan . The debt is thus secured against the collateral , and if the borrower defaults , the creditor takes possession of the asset used as collateral and may sell it to regain some or all of the amount originally loaned to the borrower . An example is the foreclosure of a home . From the creditor 's perspective , that is a category of debt in which a lender has been granted a portion of the bundle of rights to specified property . If the sale of the collateral does not raise enough money to pay off the debt , the creditor can often obtain a deficiency judgment against the borrower for the remaining amount . The opposite of secured debt/loan is unsecured debt , which is not connected to any specific piece of property . Instead , the creditor may satisfy the debt only against the borrower , rather than the borrower 's collateral and the borrower . Generally speaking , secured debt may attract lower interest rates than unsecured debt because of the added security for the lender ; however , credit risk ( e.g . credit history , and ability to repay ) and expected returns for the lender are also factors affecting rates . The term secured loan is used in the United Kingdom , but the United States more commonly uses secured debt .
An investment bank is a financial services company or corporate division that engages in advisory-based financial transactions on behalf of individuals , corporations , and governments . Traditionally associated with corporate finance , such a bank might assist in raising financial capital by underwriting or acting as the client 's agent in the issuance of securities . An investment bank may also assist companies involved in mergers and acquisitions ( M & A ) and provide ancillary services such as market making , trading of derivatives and equity securities , and FICC services ( fixed income instruments , currencies , and commodities ) . Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses . As an industry , it is broken up into the Bulge Bracket ( upper tier ) , Middle Market ( mid-level businesses ) , and boutique market ( specialized businesses ) . Unlike commercial banks and retail banks , investment banks do not take deposits . From the passage of Glass-Steagall Act in 1933 until its repeal in 1999 by the Gramm-Leach-Bliley Act , the United States maintained a separation between investment banking and commercial banks . Other industrialized countries , including G7 countries , have historically not maintained such a separation . As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ( Dodd-Frank Act of 2010 ) , the Volcker Rule asserts some institutional separation of investment banking services from commercial banking . All investment banking activity is classed as either sell side or buy side . The sell side involves trading securities for cash or for other securities ( e.g . facilitating transactions , market-making ) , or the promotion of securities ( e.g .
TPG Capital ( abbrev . for Texas Pacific Group ) is an American investment company . The private equity investment firm is focused on leveraged buyouts and growth capital . TPG manages investment funds in growth capital , venture capital , public equity , and debt investments . The firm invests in a range of industries including consumer/retail , media and telecommunications , industrials , technology , travel/leisure and health care . The firm was founded in 1992 by David Bonderman , James Coulter , and William S. Price III and has raised $ 50 billion of investor commitments across more than 18 private equity funds . TPG is headquartered in San Francisco , California . The company has additional offices in Europe , Asia , Australia and other parts of North America .
The Blackstone Group Inc. is an American multinational private equity , alternative asset management , and financial services firm based in New York City . As the largest alternative investment firm in the world , Blackstone specializes in private equity , credit , and hedge fund investment strategies . Blackstone 's private equity business has been one of the largest investors in leveraged buyouts in the last decade , while its real estate business has actively acquired commercial real estate . Since its inception , Blackstone has invested in such notable companies as Hilton Worldwide , Merlin Entertainments Group , Performance Food Group , EQ Office , Republic Services , AlliedBarton , United Biscuits , Freescale Semiconductor , Vivint , , and Travelport . Blackstone was founded in 1985 as a mergers and acquisitions boutique by Peter G. Peterson and Stephen A. Schwarzman , who had previously worked together at Lehman Brothers . In 2007 , Blackstone became a public company via a $ 4 billion initial public offering to become one of the first major private equity firms to list shares in its management company on the public stock market . Blackstone is headquartered at 345 Park Avenue in Manhattan , New York City , with eight additional offices in the United States , as well as offices in London , Paris , Dublin , Düsseldorf , Luxembourg , Sydney , Tokyo , Hong Kong , Singapore , Beijing , Shanghai , Mumbai , and Dubai . As of 2019 [ update ] , the company 's total assets under management were approximately US $ 545 billion dollars . :14 In April 2019 , Blackstone disclosed it was converting to a corporation from a publicly traded partnership .
Citigroup Inc. or Citi ( stylized as citi ) is an American multinational investment bank and financial services corporation headquartered in New York City . The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998 ; Travelers was subsequently spun off from the company in 2002 . Citigroup owns Citicorp , the holding company for Citibank , as well as several international subsidiaries . Citi is incorporated in NY . Citigroup is ranked 3rd on the list of largest banks in the United States and , alongside JPMorgan Chase , Bank of America , and Wells Fargo , it is one of the Big Four banks of the United States . It is a systemically important financial institution and is on the list of systemically important banks that think they are too big to fail . It is one of the nine global investment banks in the Bulge Bracket . Citigroup is ranked 30th on the Fortune 500 as of 2019 . Citigroup has over 200 million customer accounts and does business in more than 160 countries . It has 214,000 employees , although it had 357,000 employees before the financial crisis of 2007-2008 , when it was rescued via a massive stimulus package by the U.S. government .
In finance , margin is collateral that the holder of a financial instrument has to deposit with a counterparty ( most often their broker or an exchange ) to cover some or all of the credit risk the holder poses for the counterparty . This risk can arise if the holder has done any of the following :
Great Wolf Resorts is a chain of indoor water parks . The company owns and operates its family resorts under the Great Wolf Lodge brand . In addition to a water park , each resort features restaurants , arcades , spas and children 's activities . Great Wolf Resorts is headquartered in Chicago , Illinois . The Resorts ' mascots are Wiley the Wolf , Violet the Wolf , and Oliver Raccoon with additional characters like Rachel Raccoon , Brinley Bear , and Sammy the Squirrel .
Caesars Entertainment Corporation ( formerly The Promus Companies and Harrah 's Entertainment ) is an American gaming hotel and casino corporation founded in Reno , Nevada and based in Paradise , Nevada that owns and operates over 50 properties and seven golf courses under several brands . In 2013 , it was the fourth-largest gaming company in the world , with annual revenues of $ 8.6 billion . Caesars is a public company , majority-owned by a group of private equity firms led by Apollo Global Management , TPG Capital and Paulson & Co. and Carl Icahn . Caesars 's largest operating unit filed for Chapter 11 bankruptcy protection on January 15 , 2015 which led to the foundation of Vici Properties as a result .
Hexion Inc. ( Hexion ) , previously Momentive Specialty Chemicals Inc. , is a chemical company based in Columbus , Ohio . It produces thermoset resins and related technologies and specialty products . Hexion is organized into two divisions : the Epoxy , Phenolic and Coating Resins Division , and the Forest Products Division .
Borden , Inc. , was an American producer of food and beverage products , consumer products , and industrial products . At one time , the company was the largest U.S. producer of dairy and pasta products . Its food division , Borden Foods , was based in Columbus , Ohio , and focused primarily on pasta and pasta sauces , bakery products , snacks , processed cheese , jams and jellies , and ice cream . It was best known for its Borden Ice Cream , Meadow Gold milk , Creamette pasta , and Borden Condensed Milk brands . Its consumer products and industrial segment marketed wallpaper , adhesives , plastics and resins . By 1993 , sales of food products accounted for 67 percent of its revenues . It was also known for its Elmer 's Glue and Krazy Glue . After significant financial losses in the early 1990s and a leveraged buyout by KKR in 1995 , Borden divested itself of its various divisions , brands and businesses . KKR shuttered Borden 's food products operations in 2001 , and divested all its other Borden operations in 2005 . Borden dairy brands are currently used by Borden Dairy Company for milk and by Dairy Farmers of America for cheese .
Huntsman Corporation is an American multinational manufacturer and marketer of chemical products for consumers and industrial customers . Huntsman manufactures assorted polyurethanes , performance products , and adhesives for customers like BMW , GE , Chevron , Procter & Gamble , and Unilever . With headquarters in The Woodlands , Texas and executive offices in Salt Lake City , Utah , they operate more than 75 manufacturing , R & D and operations facilities in over 30 countries and employ approximately 10,000 associates across four business divisions . Huntsman Corporation had 2018 revenues of more than $ 9 billion .
Jacuzzi Brands LLC , through its subsidiaries , is a global manufacturer and distributor of branded bath , hot tub , pool and sauna . JACUZZI is a federally registered trademark of Jacuzzi Inc. as of September 5 , 1978 .
McGraw-Hill is a learning science company and one of the big three educational publishers that provides customized educational content , software , and services for pre-K through postgraduate education . The company also provides reference and trade publications for the medical , business , and engineering professions . McGraw-Hill currently operates in 28 countries , has more than 5,000 employees globally , and offers products and services to over 135 countries in 60+ languages . Formerly a division of The McGraw-Hill Companies ( later renamed McGraw Hill Financial , now S & P Global ) , McGraw-Hill Education ( now McGraw-Hill ) was divested and acquired by Apollo Global Management in March 2013 for $ 2.4 billion in cash . Based on the growing demand for classroom technology , McGraw-Hill began offering digital products alongside traditional print products . [ buzzword ] This shift has accelerated in recent years with an increased focus on developing adaptive learning systems that enable classroom teaching to come closer to a one-to-one student-teacher interaction . These systems allow personalized learning that assesses each student 's skill level and uses data to determine how each can progress through lessons most effectively . McGraw-Hill now provides digital products and services to over 11 million users on over 1,500 adaptive products in higher education and digital formats for its major K-12 programs .
S & P Global Inc. ( prior to April 2016 McGraw Hill Financial , Inc. , and prior to 2013 McGraw-Hill Companies ) is an American publicly traded corporation headquartered in Manhattan , New York City . Its primary areas of business are financial information and analytics . It is the parent company of S & P Global Ratings , S & P Global Market Intelligence , and S & P Global Platts , and is the majority owner of the S & P Dow Jones Indices joint venture . S & P is a shortening of Standard and Poor 's .
General Electric Company ( GE ) is an American multinational conglomerate incorporated in New York City and headquartered in Boston . As of 2018 [ update ] , the company operates through the following segments : aviation , healthcare , power , renewable energy , digital industry , additive manufacturing , venture capital and finance and lighting . In 2018 , GE ranked among the Fortune 500 as the 18th-largest firm in the U.S. by gross revenue . In 2011 , GE ranked among the Fortune 20 as the 14th-most profitable company but has since very severely underperformed the market ( by about 75% ) as its profitability collapsed . Two employees of GE - Irving Langmuir ( 1932 ) and Ivar Giaever ( 1973 ) - have been awarded the Nobel Prize .
Noranda Inc. was a mining and metallurgy company originally from Rouyn-Noranda , Quebec , Canada . It was listed on the TSX under the symbol NRD.LV . After eventually acquiring a large interest in rival mining company Falconbridge , it merged with that company in 2005 . The combined company continued under the name Falconbridge Limited , ending the Noranda name . Only one year later in 2006 Falconbridge was acquired by the Swiss-based mining company Xstrata . On 2 May 2013 ownership of Xstrata was fully acquired by Glencore .
Xstrata plc was an Anglo-Swiss multinational mining company headquartered in Zug , Switzerland and with its registered office in London , United Kingdom . It was a major producer of coal ( and the world 's largest exporter of thermal coal ) , copper , nickel , primary vanadium and zinc and the world 's largest producer of ferrochrome . It had operations in 19 countries across Africa , Asia , Australasia , Europe , North America and South America . Xstrata had a primary listing on the London Stock Exchange and was a constituent of the FTSE 100 Index . It had a market capitalisation of approximately £29 billion as of 23 December 2011 , making it the 16th-largest company on the London Stock Exchange . It had a secondary listing on the SIX Swiss Exchange . On 2 May 2013 ownership of Xstrata was fully acquired by Glencore . Glencore has also announced that they will no longer use the 'Xstrata ' brand and it will be phased out . Glencore Xstrata plc is now Glencore plc . After the reversed IPO in Q 4 2014 its global investment platform has diversified from its core mining activity as a private investment company .
Norwegian Cruise Line ( NCL ) , also known in short as Norwegian , is a cruise line founded in 1966 and based in the United States . It is the third-largest cruise line in the world by passengers , controlling about 8.7% of the total worldwide share of the cruise market by passengers as of 2018 [ update ] . It is wholly owned by parent company Norwegian Cruise Line Holdings .
Pitney Bowes is a global technology company most known for its postage meters and other mailing equipment and services , and with recent expansions , into global e-commerce , software , and other technologies . The company was founded by Arthur Pitney , who invented the first commercially available postage meter , and Walter Bowes as the Pitney Bowes Postage Meter Company on April 23 , 1920 . Pitney Bowes provides customer engagement , customer information management , global e-commerce , location intelligence , and mailing and shipping services to approximately 1 million customers in about 100 countries around the world in 2016 . The company is a certified work-share partner of the United States Postal Service , and helps the agency sort and process 15 billion pieces of mail annually . Pitney Bowes has also commissioned surveys related to international e-commerce . Pitney Bowes is based in Stamford , Connecticut , and operates a 300,000-square-foot Global Technology Center for manufacturing and engineering in Danbury , Connecticut . The company has 33 operating centers throughout the United States , and additional offices in Hatfield ( United Kingdom ) , New Delhi , and Tokyo . As of December 2016 , Pitney Bowes employed approximately 14,000 people worldwide .
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years . The list includes publicly held companies , along with privately held companies for which revenues are publicly available . The concept of the Fortune 500 was created by Edgar P. Smith , a Fortune editor , and the first list was published in 1955 . The Fortune 500 is more commonly used than its subset Fortune 100 or superset Fortune 1000 .
Oceania Cruises is a cruise line based in Miami , Florida , that operates six cruise ships on worldwide itineraries . It typically offers cruises that last between 10 and 14 days , but is also known for its long cruises lasting up to 195 days . The line 's President and CEO is Bob Binder ; he is vice-chairman and also a co-founder of the brand . Since September 2014 , Oceania Cruises has been a wholly owned subsidiary of Norwegian Cruise Line Holdings , which also owns Norwegian Cruise Line and Regent Seven Seas Cruises .