Overview
Rowan Marc J, senior managing director of Apollo Global Management, the US based alternative investment manager, has sold 4,425,620 shares, representing 3.3453% stake in the company.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The shares were sold at a price of $24.38 each for gross proceeds of $107.87 million.
Rowan’s net worth jumped in the past year, along with Apollo’s stock, which is trading at its all-time high since going public in 2011.
Apollo Global Management provides private equity, credit and real estate services based in the US. Rowan started Apollo Management, L.P. with former Drexel Burnham colleagues Leon Black and Joshua Harris in 1990.
The third-largest U.S.-based private-equity firm, Apollo had its total economic net income (ENI) of $792m for the first quarter of 2013, a 72% increase compared to $462m r the comparable period in 2012.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe total assets under management were $114.3bn 2013, an increase of $28.2bn or 33%, compared to $86.1bn as of the end of March 2012. Its assets include corporate loans and bonds, private equity investments and real estate holdings.
Rowan Marc J.
– Full name: Marc Rowan J.
– Known as: Marc Rowan
– Gender: Male
– Age: 52
– Date of birth/Year: 1961
– Citizenship: United States of America
– Languages: English
Liquidity Events
-15 May 2013 sale of 4.4 million shares in Apollo Global Management for $107.87m
Profile
Mr. Rowan is a senior managing director and director of Apollo Global Management, LLC and managing partner of Apollo Management, L.P., which he co-founded in 1990. Prior to that time, Mr. Rowan was a member of the mergers & acquisitions group of Drexel Burnham Lambert Incorporated, with responsibilities in high yield financing, transaction idea generation and merger structure negotiation. Mr. Rowan currently serves on the boards of directors of the general partner of AP Alternative Assets, L.P., Apollo Global. Management, LLC, Caesars Entertainment Corporation and Norwegian Cruise Lines.
For a more detailed profile of Marc J. Rowan see WealthInsight’s dossier: http://www.wealthinsight.com/Dossiers/Summary/3664
