Welcome to our dedicated page for Apollo Global Mgmt news (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Mgmt stock.
Apollo Global Management, Inc. (NYSE: APO) appears frequently in financial and corporate news as a high-growth, global alternative asset manager active across credit, private equity and retirement services. Company communications describe an asset management business that seeks to provide clients excess return along the risk-reward spectrum, and a retirement services business operated through Athene Holding Ltd. that focuses on retirement savings products and institutional solutions.
News about Apollo often highlights capital solutions and transactions led by Apollo-managed funds and affiliates. Recent announcements include a multibillion-dollar capital solution for Valor Compute Infrastructure L.P. to support the acquisition and lease of data center compute infrastructure for a subsidiary of xAI Corp, as well as strategic financing for Russell Investments to refinance existing debt and extend maturities. Apollo funds have also agreed to acquire a majority stake in Prosol Group, a French fresh food retailer, and have made significant preferred equity commitments to QXO, Inc. to support acquisition strategies.
Other coverage shows Apollo’s ecosystem in action, including Stream Data Centers, a key operating platform within the Apollo ecosystem focused on wholesale data center colocation and build-to-suit facilities, and MidCap Financial, which is described as Apollo’s primary direct origination platform in the private middle market. Apollo-affiliated capital has also been involved in sports-related investments, such as a minority investment in Wrexham AFC through Apollo Sports Capital.
Investors following APO news can expect updates on capital deployments by Apollo-managed funds, financing and acquisition agreements, ratings actions referencing Apollo’s platform, preliminary performance metrics such as alternative net investment income disclosed via Form 8-K, and developments involving key platforms like Athene, MidCap Financial and Stream Data Centers. This mix of transaction announcements, financing structures and segment-related disclosures provides insight into how Apollo deploys capital and manages its alternative asset and retirement services businesses over time.
Apollo (NYSE: APO) announced an agreement to acquire Argo Infrastructure Partners ("Argo"), a mid-market asset manager targeting essential infrastructure assets in North America, in a stock and cash transaction.
Upon closing, Argo will add approximately $6 billion of high-quality assets to Apollo's infrastructure platform, alongside an experienced team of over 20 professionals focused on core and core plus infrastructure equity opportunities.
Argo, established in 2013, has a successful track record in digital infrastructure, renewable energy, transportation, utilities, and other industries. This acquisition will broaden Apollo's Sustainability & Infrastructure strategies, enhancing its existing origination capabilities in key sectors like digital infrastructure and energy transition.
Harry Seekings and Olivia Wassenaar, Partners and Co-Heads of Infrastructure at Apollo, highlighted the complementary nature of Argo's capabilities to Apollo's value-add investment strategy. Jason Zibarras, Founding Partner of Argo, emphasized Apollo's global reach and commitment to long-term value creation.
Argo will join Apollo’s Sustainability & Infrastructure group upon closing, expected in the second quarter of 2025. The transaction is anticipated to be modestly accretive to fee-related earnings in 2026, pending customary closing conditions and regulatory approvals.
Barnes Group Inc. (NYSE: B) shareholders have overwhelmingly approved the company's acquisition by Apollo Global Management's funds at a Special Meeting of Shareholders. The transaction will see shareholders receive $47.50 per share in cash. The vote garnered approximately 99% approval from total shares voted, representing about 80% of Barnes' outstanding common stock.
The deal is expected to close before the end of Q1 2025, subject to regulatory approvals and customary closing conditions. CEO Thomas Hook expressed optimism about the partnership with Apollo, highlighting plans to accelerate transformation strategy, enhance capabilities, and increase innovation investment to better serve customers in aerospace and industrial sectors.
GFL Environmental has announced an agreement to sell its Environmental Services business for an $8.0 billion enterprise value to Apollo Funds and BC Partners. The company will retain a 44% equity stake ($1.7 billion) in the business, with Apollo and BC each holding 28%. The transaction is expected to generate approximately $6.2 billion in net cash proceeds.
The company plans to use up to $3.75 billion to repay debt and allocate up to $2.25 billion for share repurchases. This strategic move is expected to reduce Net Leverage to 3.0x and decrease annualized cash interest by about $200 million. GFL will maintain an option to repurchase the Environmental Services business within five years of closing.
The transaction, expected to close in Q1 2025, was unanimously approved by GFL's board and received a fairness opinion from Canaccord Genuity Corp.
Apollo (NYSE: APO) has announced it will release its fourth quarter and full year 2024 financial results on Tuesday, February 4, 2025, before the New York Stock Exchange opens for trading. The company will host a management review of the financial results via public webcast at 8:30 am ET. The webcast will be accessible through Apollo's Investor Relations website at ir.apollo.com, with a replay available one hour after the event. Interested parties can sign up for email updates through the company's website.
Apollo (NYSE: APO) and Santander have announced a partnership where Apollo-managed funds will invest in a $370 million infrastructure credit portfolio. The transaction was led by Apterra, Apollo's infrastructure financing solutions affiliate founded in 2023.
The partnership demonstrates Apollo's capability to provide customized financing solutions while supporting Santander's strategy to rotate assets and maximize profitability. Apollo has deployed over $40 billion in energy transition and climate-related investments over the past five years, targeting $50 billion in clean energy and climate investments through 2027, with potential to deploy over $100 billion by 2030.
Apollo Global Management announced Hector Fernandez as the future CEO of the combined enterprise formed by IGT's Gaming & Digital Business and Everi Holdings. Fernandez, former CEO of Aristocrat Gaming, will join by Q4 2025 after a non-compete period.
Nick Khin will serve as Interim CEO following the transaction close and later transition to CEO, Gaming. The combined enterprise will be organized into three business units: Gaming (led by Nick Khin), Digital (led by Gil Rotem), and FinTech (led by Darren Simmons).
The acquisitions are expected to complete by Q3 2025, pending gaming and regulatory approvals. Everi stockholders approved the transaction on November 14, 2024, and the HSR waiting period expired on November 20, 2024. The IGT Gaming separation is expected to complete in early 2025.
TotalEnergies (TTE) announces two strategic transactions in its renewable energy portfolio: the acquisition of VSB Group in Germany for €1.57 billion and the sale of 50% stake in a 2 GW solar and battery storage portfolio in Texas to Apollo for $800 million.
VSB Group, with 500 employees and 30 years of experience, brings 475 MW of operational/under-construction capacity and an 18 GW pipeline across Germany, Poland, and France. This acquisition strengthens TotalEnergies' position in Germany and complements recent acquisitions of Kyon Energy and Quadra Energy.
The U.S. transaction includes three solar projects (1.7 GW) and two battery storage projects (300 MW). TotalEnergies will retain 50% ownership and continue operating the assets. These moves align with TotalEnergies' strategy to optimize capital allocation in renewables and achieve its 12% profitability target for the Integrated Power business.
Apollo Funds has agreed to acquire a 50% stake in a Texas solar and battery energy storage system portfolio from TotalEnergies. The portfolio includes approximately 2 GW of solar and BESS assets in Texas' ERCOT market, comprising three solar projects (1.7 GW) and two battery storage projects (300 MW). TotalEnergies will maintain the remaining 50% stake and continue operating the assets, which include Danish Fields, Cottonwood, and Hill Solar I.
Apollo's Clean Transition strategy has deployed about $40 billion into energy transition and sustainability-related investments over the past five years. The company targets deploying $50 billion in clean energy and climate investments through 2027, with potential to deploy over $100 billion by 2030. The transaction is expected to close in Q4 2024.
Apollo (NYSE: APO) has announced that its Chief Executive Officer, Marc Rowan, will participate in a fireside chat at the Goldman Sachs US Financial Services Conference. The event is scheduled for Wednesday, December 11, 2024, at 8:00 am ET. Interested parties can access a live webcast of the discussion through Apollo's Investor Relations website at ir.apollo.com. A replay option will be made available for those who cannot attend the live session.
Mosaicx President Rebecca Jones has been honored in the 2024 CX Leaders Awards in the Women in CX category. The award, hosted by CX Today, recognizes female leaders showing exceptional leadership and innovation in customer experience. Under Jones's leadership since 2021, Mosaicx has transformed from a call center operations company into a conversational AI pioneer, achieving up to 10% improvement in customer retention.
The company serves various industries including finance, insurance, healthcare, telecommunications, travel, and retail. With 30 years of experience in CX, Mosaicx focuses on guiding customers to make strategic investments based on industry and consumer needs.