Apollo Global Mgmt Inc Stock Price, News & Analysis

Allego Holding B.V. has announced a strategic partnership with Nissan to enhance Europe's electric vehicle charging infrastructure. This collaboration will cover 16 countries and over 600 locations, focused on installing and maintaining DC fast charging solutions with capacities of 50kW and 24kW. With the aim to support Nissan's electric mobility initiatives, this partnership solidifies Allego's position in the European charging market. The deal includes comprehensive services for charging point operations and maintenance at Nissan locations, contributing to the expansion of sustainable transport solutions.

Brightspeed has appointed Christie Grumbos as Chief Financial Officer, effective immediately. Reporting to CEO Bob Mudge, she will oversee finance, accounting, and treasury operations, and lead capital planning for the company's ambitious $2 billion fiber optics transformation strategy. Grumbos has over 25 years of experience in finance, having served as CFO at Terminix and held senior roles at Vivint Smart Homes and Windstream Holdings. Brightspeed aims to extend high-speed internet service to three million households across multiple states, addressing the digital divide.

Apollo (NYSE: APO) announced that CEO Marc Rowan will engage in an analyst-led fireside chat at the Goldman Sachs US Financial Services Conference on December 8, 2021, at 1:00 p.m. ET. A live webcast of the event will be accessible on Apollo’s website, with a replay available shortly after for those unable to attend live.

Apollo is a global alternative asset manager, boasting approximately $481 billion in assets under management as of September 30, 2021. The firm focuses on various investment strategies to meet clients' needs.

Allego Holding B.V., a European EV charging network, announced that Jane F. Garvey will become Chairwoman of its Board of Directors after merging with Spartan Acquisition Corp. III (NYSE: SPAQ). Garvey, who has held key positions in U.S. transportation agencies, aims to strengthen Allego's leadership in the EV sector. Current Chairman Julien Touati of Meridiam will serve as Vice-Chair. The transition is seen as pivotal for Allego as it prepares for public operations and seeks to expand its network of over 26,000 charging stations across Europe.

Athene has announced its acquisition of a controlling stake in Aqua Finance from Blackstone for about $1 billion. This strategic move positions Athene to enhance its consumer finance capabilities, with Aqua expected to originate $2 billion in loans in 2021. Blackstone will retain a minority stake in Aqua, which specializes in lending for home improvements and water treatment. The deal is expected to close in the first half of 2022, pending regulatory approvals. Aqua’s growth trajectory has doubled its annual loan originations since 2018, indicating a strong market presence.

Shutterfly, a leader in ecommerce for personalized products, has partnered with fashion icon Iris Apfel to launch an exclusive NFT Holiday CryptoCard Collection. This limited-edition collection features three unique NFTs showcasing never-before-seen moments from Apfel’s life, with auction proceeds benefiting the Boys & Girls Clubs of America. The auction runs from November 30 to December 7, with Shutterfly also donating $25,000 to the organization. This venture marks Shutterfly and Apfel's first NFT initiative, highlighting their commitment to creativity and community support.

Apollo Funds has announced the acquisition of a 50% stake in Broad Reach Power, a leading US energy storage and renewable energy platform, from EnCap Investments. The transaction represents the first sale for EnCap's Energy Transition Fund I and comes with a commitment of up to $400 million in new equity to support Broad Reach's growth. With over 1.4 GWh of storage assets and a 21 GW portfolio of renewable projects, Broad Reach aims to enhance energy storage solutions amid increasing clean energy volatility. The deal is expected to close by year-end 2021.

Brightspeed, launched on Nov. 17, 2021, aims to establish itself as a leading telecom provider by leveraging the ILEC assets of Lumen Technologies across 20 states. Backed by Apollo-managed funds, the company plans to invest over $2 billion to enhance connectivity through fiber optics, targeting up to three million homes over the next five years. The leadership team, including CEO Bob Mudge, boasts extensive industry experience. Brightspeed's goal is to bridge the digital divide while establishing its headquarters in Charlotte, NC.