Apollo Global Mgmt Inc Stock Price, News & Analysis

Doral Renewables LLC has secured a $100 million corporate Letter of Credit facility through HSBC, who acted as Sole Arranger and Issuing Bank. This new facility adds to Doral's existing $185 million of corporate Letter of Credit capacity, bringing the total to $285 million. The Letters of Credit will primarily support new interconnection and power purchase agreement obligations for the company's renewable energy project development.

The transaction strengthens the partnership between Doral and HSBC, with both companies expressing confidence in Doral's execution capabilities in delivering large-scale renewable energy projects in the U.S. market.

Apollo (NYSE: APO) has successfully closed $8.5 billion in total commitments for its Accord+ strategy, including $4.8 billion for Accord+ Fund II. This achievement brings Apollo's total hybrid credit business assets to approximately $40 billion. The Accord+ II fund focuses on opportunistic credit investments across private corporate credit and asset-backed finance, targeting high-quality, top-of-capital-structure investments and secondary opportunities. The fund received broad support from global investors, including pension funds, sovereign wealth funds, financial institutions, and family offices.

West Technology Group has successfully completed the sale of its Notified business to Equiniti (EQ) for $534.5 million, which includes an $80 million earnout. The transaction represents a strategic move to transfer Notified, a platform focused on business-stakeholder communications, to EQ's leadership.

West's CEO John Shlonsky expressed confidence in the synergies between EQ and Notified, anticipating continued innovation and expansion under the new ownership. The company plans to utilize the net proceeds in accordance with its credit facility and outstanding notes requirements. RBC Capital Markets and Brownstein Hyatt Farber Schreck, LLP served as financial and legal advisors respectively for the transaction.

Apollo (NYSE: APO) has successfully closed its debut equity secondaries fund, Apollo S3 Equity and Hybrid Solutions Fund I (ASEHS), raising $5.4 billion in commitments, exceeding its target. The fund closure brings the total capital raised across Apollo's Sponsor and Secondary Solutions (S3) platform to nearly $10 billion since its August 2022 launch.

The fund attracted diverse global investors, including pension funds, sovereign wealth funds, financial institutions, and wealth segment participants. ASEHS aims to provide comprehensive financing and liquidity solutions, including secondary investments, NAV loans, GP lending, and staking for private markets sponsors and investors across asset classes.

Apollo (NYSE: APO) has announced that Chief Financial Officer Martin Kelly will participate in a fireside chat at the Barclays Americas Select Franchise Conference. The event is scheduled for Wednesday, May 7, 2025, at 8:30 am EDT.

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

Doral Renewables has secured up to $30 million in tax equity financing from Fifth Third Bank for its Great Bend solar project in Meigs County, Ohio. The ground-mounted facility will feature:

• 48 MWac solar power generating capacity
• Power supply for approximately 9,000 homes
• Revenue generation through energy sales and renewable certificates
• Long-term Power Purchase Agreement with a major U.S. utility
• $400,000+ annual tax revenue for Meigs County

Located 100 miles southeast of Columbus, the project will utilize single-axis PV system technology. Both Doral and Fifth Third will receive proceeds from a planned tax credit transfer transaction later this year. The project is expected to achieve commercial operations in Q4 2025, marking the first partnership between Doral Renewables and Fifth Third Bank.

Apollo has announced the acquisition of STACK Infrastructure's European colocation data center business through Apollo-managed infrastructure funds. The deal encompasses seven strategic data centers across Stockholm, Oslo, Copenhagen, Milan, and Geneva, serving blue-chip enterprise clients including telecom carriers, IT companies, and financial institutions.

The standalone company will be led by CEO Sherif Rizkalla and will undergo rebranding, dropping the STACK Infrastructure name. The transaction allows STACK EMEA to focus primarily on hyperscale clients, while the carved-out colocation business will continue serving enterprise customers.

The deal highlights Apollo's confidence in data center infrastructure demand and interconnected colocation businesses. The existing management team and employees will transition to the new company. The transaction awaits regulatory approvals, with Latham & Watkins serving as legal counsel to Apollo Funds.

A new blog post on press release formatting best practices has been announced, dated April 28, 2025. The post aims to help writers create more engaging and effective press releases by focusing on key aspects of formatting and structure.

The blog will cover essential topics including:

• Headline writing techniques for better attention
• Optimal length and style guidelines for readability
• Effective use of subheadings, bullet points, and quotes

West Technology Group has appointed Sam Meckey as President of its WestCX business unit, effective immediately. Meckey, former CEO of UpHealth, brings extensive experience in healthcare technology services. His previous roles include leading EXL Services' healthcare business transformation and serving as President of Optum's $1B global BPO/ITO operations.

Meckey's background includes service as a U.S. Navy pilot and officer, with education from the United States Naval Academy, Embry-Riddle Aeronautical University, and Harvard Business School. WestCX, which includes TeleVox and Mosaicx brands, specializes in AI-driven omnichannel solutions for customer engagement optimization.