Apollo Global Mgmt Inc Stock Price, News & Analysis

Doral Renewables, a major renewable energy developer, has appointed former Indiana Governor Eric J. Holcomb to its board of directors. The company operates a 14 GW development portfolio, including the notable 1.3 GW Mammoth Solar project in Indiana and 1.2 GW Vista Sands Solar in Wisconsin, collectively powering 500,000 Midwestern households.

The Mammoth Solar project significantly impacts Indiana's economy by using 20,000 tons of local steel and contributing over $40 million to local municipalities through taxes and development payments. The company implements innovative dual-use practices, combining solar energy with agriculture, currently supporting 2,000 livestock grazing and food crop cultivation within the project area.

Doral Renewables operates in 20 states across seven electricity markets, with 400 MW currently operational and 950 MW under construction. The company has secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers.

PR Webinar Announcement: An exclusive webinar titled 'Beyond the Blast – How to Pitch with Purpose and Build Lasting Media Relationships' is scheduled for March 25, 2025, from 12:30pm-1:30pm ET. Award-winning PR strategist Barbara Nonas will lead the session, addressing the critical issue that nearly 75% of journalists find most inbox pitches irrelevant.

The webinar aims to teach attendees how to:

• Avoid common pitching mistakes
• Build credibility with journalists
• Improve response rates through value demonstration

Nonas brings over 20 years of experience, including her role at Digitas where she secured 1,000+ media placements and launched the NewFronts digital content marketplace.

Apollo (NYSE: APO) has announced its funds will acquire a majority stake in OEG Energy Group, a leading offshore energy solutions provider, in a deal valuing the company at over $1 billion. Oaktree Capital Management will retain a minority stake.

OEG operates one of the world's largest fleets of cargo carrying units (CCUs), with over 75,000 units serving offshore energy installations. The company provides services to both oil & gas and wind sectors, with a dedicated Renewables segment focusing on offshore wind technical solutions.

The transaction is expected to close in Q2 2025, subject to regulatory approvals. Apollo's funds have committed approximately $58 billion to climate and energy transition-related investments over the past five years.

West Technology Group has announced a definitive agreement to sell its Notified business to Equiniti (EQ) for $534.5 million, which includes an $80 million earnout. The transaction is expected to close in Q2 2025.

Notified is a global technology and services provider specializing in corporate communications, including investor relations, public relations, and corporate communications solutions. The company offers services ranging from IR websites and shareholder communications to marketing and regulatory press release distribution through GlobeNewswire®.

West plans to use the net proceeds from the sale in accordance with its credit facility and outstanding notes indentures. RBC Capital Markets and Brownstein Hyatt Farber Schreck, LLP served as financial and legal advisors respectively for the transaction.

Motive Partners and Apollo (NYSE: APO) have announced the launch of Lyra Client Solutions Holdings, , a spin-out from Apollo's client services division. The new venture aims to provide comprehensive client-servicing solutions with enhanced technology and operations capabilities for institutional and wealth channels.

Both companies have invested capital to support the establishment and commercialization of Lyra, which offers scalable services including pre-trade, onboarding, and post-trade capabilities. Eileen Sivolella, former Managing Director and Global CFO of Advent International, has joined as Board Chair and Independent Director.

The launch responds to rapid growth in private markets driven by product innovation, shifting portfolio allocations, and an expanding investor base. Lyra's technology-enabled platform aims to help alternative asset managers maintain operational excellence while managing cost and efficiency pressures.

Notified is hosting a webinar on March 12, 2025, focused on leveraging data for investor relations (IR) strategy. The one-hour session, scheduled from 11am-12pm ET, will explore how IR professionals can extract insights from earnings calls, websites, and press releases to build data-driven programs.

The webinar features notable speakers including Erik Carlson, COO of Notified, who brings over a decade of private equity experience; Glenn Schulman, Founder of Z3 BioCommunication with 20+ years in biotech IR; Amanda Tang, Head of IR at TMX Group; and moderator Laurie Havelock, Editor at IR Impact.

The session aims to help IR teams optimize investor engagement and enhance decision-making in today's evolving market landscape.

GFL Environmental Inc. (NYSE: GFL) has announced the sale of its Environmental Services business to Apollo (NYSE: APO) and BC Partners funds for $8 billion. The transaction structure allows GFL to maintain a 44% equity interest, while Apollo Funds and BC Funds will each hold 28%.

The proceeds will be strategically allocated to:

• Debt repayment
• Up to $2.25 billion for share repurchases
• Transaction fees and general corporate purposes

This strategic move enables GFL, North America's fourth-largest diversified environmental services company, to accelerate its balance sheet deleveraging toward investment grade levels, pursue organic growth initiatives, and implement solid waste M&A opportunities. The company also plans to enhance shareholder returns through share repurchases and future dividend increases.

Apollo (NYSE: APO) has announced its participation in the upcoming 2025 RBC Financial Services Conference. Jim Zelter, President of Apollo Global Management, will be featured in a keynote panel discussion centered on private markets. The event is scheduled for Wednesday, March 5, 2025, at 12:20 pm ET.

Investors and interested parties can access a live webcast of the discussion through Apollo's Investor Relations website at ir.apollo.com. For those unable to attend the live session, a replay option will be made available shortly after the event concludes.

Apollo (NYSE: APO) has appointed Shimpei Kanzaki as Managing Director and Head of Japan Global Wealth, reporting to Edward Moon, Partner and Head of Asia Pacific Global Wealth. With over 20 years of experience in alternative investments and wealth management, Kanzaki joins from KKR where he headed their wealth solutions business in Japan.

This strategic appointment follows Apollo's successful expansion in Hong Kong and Singapore, aiming to grow their presence in Japan, a key market where they plan to expand their product suite and partner with Japanese distributors across wealth channels. The firm seeks to provide Japanese investors access to private market strategies focusing on investment-grade, yield-oriented assets.