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Home > Company Index > Financial Services > Investment Firms > Apollo Advisors

Apollo Advisors
 PROFILE
Apollo Advisors earned its reputation as a vulture investor by specializing in distressed assets (junk bonds, troubled companies, real estate). Leon Black, the former Drexel Burnham Lambert mergers and acquisitions chief, and a dozen other Drexel refugees founded the group, which invested in former Drexel clients after that firm's collapse -- notably the $3 billion dollar junk bond portfolio of failed California insurer Executive Life. Apollo has invested billions from four funds and has launched a fifth fund aimed at raising some $4 billion. Apollo is linked with the Artemis group of investment holdings controlled by French billionaire François Pinault; the relationship dates back to the downfall of Executive Life.

 COMPETITION
Hicks, Muse, Tate & Furst Incorporated (dossier)
Kohlberg Kravis Roberts & Co. (dossier)
Thomas H. Lee Company (dossier)

 DEALS
Deal: Workspeed Raises $15 Million
Date Announced: 05.23.01
Value of transaction (US $Mil): 15
Description: Developer of wireless applications for the commercial real estate industry closes its second round of venture funding.

 FINANCIAL OVERVIEW
Employees: 150

 KEY PEOPLE
• Leon D. Black
    CEO
• Tony Tortorelli
    CFO

 CONTACT INFO
2 Manhattanville Rd.
Purchase, NY 10577
US
Phone: 914-694-8000
Fax: 914-694-8067

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