Apollo Global Mgmt Inc Stock Price, News & Analysis

Apollo has signed a definitive agreement to acquire the majority stake in Novolex, a prominent provider of sustainable packaging solutions, from Carlyle. The financial terms of the deal remain undisclosed, but Carlyle will retain a minority interest. Novolex specializes in packaging innovation using renewable materials and operates 57 manufacturing facilities globally. With Apollo's backing, Novolex aims to enhance its market position, particularly amid rising demand for eco-friendly products. The acquisition is anticipated to close in Q2 2022, subject to regulatory approvals.

Aldar Properties and Apollo Global Management have announced a significant commitment involving a US$1.4 billion investment aimed at boosting Aldar's growth initiatives. The investment includes a US$500 million land joint venture and US$500 million in perpetual subordinated notes, marking a historic private placement in the MENA region. Apollo will acquire a minority stake in Aldar Investment Properties, reflecting confidence in Aldar's growth strategy and Abu Dhabi's real estate market. This partnership aims to enhance Aldar's capacity for future investments and development opportunities.

Apollo Global Management reported strong financial results for Q4 and full year 2021. The company achieved record annual distributable earnings, driven by a 15% increase in fee-related earnings compared to the previous year. CEO Marc Rowan highlighted progress in strategic initiatives post-merger with Athene, emphasizing growth in asset origination and retail investor capabilities. Apollo declared a quarterly cash dividend of $0.40 per share, with an annual target of $1.60, subject to business growth. As of December 31, 2021, Apollo managed approximately $498 billion in assets.

Apollo (NYSE: APO) announced a $125 million investment in Hero FinCorp Limited, a major non-banking financial company in India, as part of a $267 million fundraising effort. This investment supports HFL's strategy to diversify its lending products and marks Apollo's continued activity in its Hybrid Value strategy, which has committed over $11 billion since inception. The investment is expected to finalize in Q2 2022, pending regulatory approvals. Apollo's Hybrid Value business aims to provide tailored capital solutions to various companies globally.

Allego Holding B.V., a pan-European EV charging network, announced the appointment of Manish A. Somaiya as Group Head of Investor Relations and Capital Markets, effective January 10, 2022. CEO Mathieu Bonnet highlighted Somaiya's expertise in fostering investor relationships, aiming to strengthen Allego's market strategy. Somaiya, with over 20 years of experience in investment research from firms like Citigroup and J.P. Morgan, is expected to enhance Allego's communication strategy. Allego operates over 26,000 charge points across Europe, positioning itself as a leader in EV charging solutions.

Apollo has announced a significant $760 million minority equity investment in Legendary Entertainment, marking a strategic partnership aimed at enhancing growth plans in the entertainment sector. This investment comes on the heels of Legendary's most profitable year in 2021, underlining its solid financial standing and ambitious expansion in film and television production. Apollo's involvement is expected to bolster Legendary's operational capabilities while opening doors for future mergers and acquisitions, leveraging synergies across media, gaming, and technology sectors.

Intrado Corporation has announced its fourth annual Festival for Communicators event, scheduled for February 3, 2022, featuring keynote speaker Brendan Hunt, co-creator of Ted Lasso. The event aims to address current trends in communications, featuring over 40 industry experts across three tracks: events, public relations, and investor relations. Notified's president Ben Chodor emphasizes engagement opportunities during this music festival-themed virtual event, which includes networking and celebrating successful virtual events from 2021.

Apollo and Athene have partnered with BNP Paribas to launch Eliant Inventory Solutions LP, a platform aimed at optimizing working capital and enhancing supply chain resiliency. Eliant begins with strong demand, boasting $1.3 billion in signed or awarded inventory programs from major clients. The initiative focuses on providing strategic inventory capital solutions, facilitating better management of supply chains, and mitigating disruptions. Through this collaboration, Eliant aims to address the growing need for flexible trade finance solutions in today's economic landscape.