Combined SegmentsTotal revenue for Apollo’s Management Business was $235.6 million during the second quarter of 2012, an increase of $79.6 million, or 51%, from the second quarter of 2011. This includes management fee revenues of $156.4 million for the second quarter of 2012, which increased $35.2 million, or 29%, from the second quarter of 2011, and advisory and transaction fee revenue of $70.0 million for the second quarter of 2012, which increased $46.4 million, or 197%, from the second quarter of 2011. The significant increase in advisory and transaction fee revenue during the second quarter of 2012 was primarily driven by net transaction fees earned in connection with the acquisition of EP Energy, a leading North American oil and gas producer, which was acquired by investment funds affiliated with Apollo along with Riverstone Holdings LLC, Access Industries, Inc., Korea National Oil Corporation and other investors.
Apollo Global Management, LLC Reports Second Quarter 2012 Results
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