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. reports news tied to its alternative asset management and retirement services businesses. Updates commonly cover operating results, dividends on common and preferred stock, assets under management, investment origination, and activity at Athene, its retirement-services subsidiary.
Company news also includes fund formation and capital raising across Apollo strategies, including hybrid value, structured equity, dislocated liquid credit, private equity, credit, and real assets. Announcements may describe investment activity across funds managed by Apollo, portfolio-company developments, governance, material agreements, and capital-structure matters.
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.
International Game Technology (IGT) announced the expiration of the Hart-Scott-Rodino Act waiting period for its previously announced transaction. The deal involves IGT's Gaming & Digital business and Everi Holdings being acquired by a new holding company owned by Apollo Global Management funds. The waiting period expired on November 20, 2024, marking a significant milestone toward completing the transaction. The deal is expected to close by the end of Q3 2025, subject to additional regulatory approvals and conditions.
Message Broadcast has acquired West's Utilities Business from West Technology Group's CX360 division, following its previous acquisitions of AGENT511 and i2sms. West Utilities, established in 1989, provides call overflow and notification solutions for critical incidents like power outages. The platform serves over 40 U.S. and Canadian utilities, enabling customized inbound and outbound IVR workflow automation for high-volume call periods. The acquisition strengthens Message Broadcast's customer engagement software portfolio for the utility sector, focusing on outage alerts, payment reminders, and energy efficiency campaigns.
Apollo (NYSE: APO) has announced that its Impact and Clean Transition funds have acquired a majority stake in The State Group (TSG), a leading provider of electrical, mechanical, robotics, and automation services. Blue Wolf Capital will retain a minority stake alongside existing management shareholders. TSG, established in 1961, specializes in complex projects from newbuild to maintenance, helping customers optimize and decarbonize energy use. The company supports critical technology infrastructure in growing markets, including data centers. The transaction's financial terms were not disclosed.
Apollo (NYSE: APO) has expanded its Asia Pacific presence by opening a new office in Seoul and appointing Jay Hyun Lee as Partner and Head of Korea. Lee, bringing 25 years of financial services experience, will drive Apollo's capital formation strategy and institutional relationships in Korea. The firm has been operating in Asia Pacific for over 15 years, with offices across Tokyo, Sydney, Hong Kong, Mumbai, and Singapore since 2006. Additionally, Dr. Sam Young Chung from Yonsei University has been appointed as Academic Advisor to focus on retirement solutions and alternative assets.
Everi Holdings (NYSE: EVRI) announced that its stockholders have overwhelmingly approved the company's acquisition by Apollo Global Management funds. The deal, which includes the simultaneous acquisition of IGT's Gaming & Digital business, received 99.88% approval from voting shares, representing 71.48% of total outstanding shares. Stockholders will receive $14.25 per share in cash. The transaction is expected to close by the end of Q3 2025, subject to closing conditions.