Apollo Global Mgmt Inc Stock Price, News & Analysis

Cencosud, a leading South American retailer, has entered into a definitive agreement with Apollo Funds to acquire a 67% stake in The Fresh Market for $676 million, reflecting an enterprise valuation of $1.568 billion. This strategic move allows Cencosud to diversify its operations, gaining access to the U.S. market, which accounts for approximately 12% of pro forma revenues. The Fresh Market reported $1.933 billion in revenue and $196 million in adjusted EBITDA for 2021, with the investment aimed at strengthening its balance sheet and enhancing operational efficiencies.

AT&T has launched the first nationwide location-based routing for 9-1-1 calls, enhancing emergency response efficiency. This system accurately determines a caller's location using GPS, reducing error margins to 50 meters, a significant improvement over the previous 10-mile radius method. The rollout is active in multiple states, with full implementation expected by June. Approximately 80% of 9-1-1 calls are now made from mobile devices. This initiative aims to provide faster, more reliable emergency services, showcasing AT&T's commitment to public safety and innovative communication solutions.

Apollo Global Management (NYSE: APO) reported strong first quarter results for 2022, showcasing resilience amidst market volatility. Following its merger with Athene, Apollo's earnings power is highlighted with active asset origination and expansion in retail distribution and capital solutions. A cash dividend of $0.40 per share was declared, payable on May 31, 2022. Overall, as of March 31, 2022, Apollo manages approximately $513 billion in assets.

Apollo has announced the purchase of $750 million in senior secured notes from Mumbai International Airport Ltd. (MIAL), a significant asset within the Adani Portfolio. The deal enables MIAL to refinance its existing loans and fund new capital projects as part of a transformation of the airport into a multifaceted business and leisure hub. This private placement is one of the largest in India's history. Apollo's commitment reflects its strength in offering long-term capital solutions, while MIAL aims to enhance consumer experiences in the post-pandemic era.

TAKKION TP&L Holdings has acquired Harvest Energy Services, enhancing its operations and maintenance (O&M) capabilities in the renewable energy sector. This acquisition, announced on May 3, 2022, marks TAKKION's third significant purchase in under 18 months, reinforcing its presence in the wind services market. The acquisition is expected to improve TAKKION's technical capabilities, particularly in blade repair, and includes a new training center in Broomfield, Colorado, supporting job creation in the industry.

Apollo (NYSE: APO) has completed its acquisition of the US asset management business of Griffin Capital, adding significant scale and investment capabilities to its Global Wealth business. This acquisition includes two interval funds now renamed as Apollo Diversified Real Estate Fund and Apollo Diversified Credit Fund, collectively managing approximately $6.5 billion in assets. The deal enhances Apollo's ambition to broaden its alternative strategy offerings to individual investors and their advisors.

Apollo (NYSE: APO) has acquired Tony’s Fresh Market, a Chicago-based grocery retailer known for high-quality, affordable foods, especially in underserved communities. Established in 1979, Tony’s operates 18 stores and is expanding. With over 400 vendors, it serves diverse communities by offering fresh produce and multicultural foods. Apollo aims to enhance Tony’s growth through customer loyalty programs and e-commerce, while continuing its commitment to community engagement and food access. This acquisition aligns with Apollo's strategy to invest in impactful grocery companies.

Apollo has successfully acquired a majority stake in Novolex Holdings, a leading sustainable packaging manufacturer, from Carlyle. The acquisition is financed by the largest sustainability-linked loan to date, enhancing Apollo's commitment to ESG initiatives.

Novolex's CEO emphasized that the partnership aligns with shared values and innovation goals. Carlyle retains a minority stake in Novolex, which operates over 57 manufacturing facilities and focuses on sustainable packaging solutions, reinforcing its market position in multiple industries.

Intrado Corporation has expanded its Notified Event Cloud platform to offer comprehensive solutions for virtual, hybrid, and in-person events. The enhancements allow for easier event management, immersive experiences, and flexible pricing models to cater to various event sizes. Key features include automated event management, customizable mobile apps, and world-class support services. The new pricing packages—Expand, Evolve, and Enterprise—enable clients to run unlimited events affordably, streamlining processes while providing valuable data and analytics.