Apollo Global Mgmt Inc Stock Price, News & Analysis

Apollo and Wecken & Cie. are reviewing strategic options regarding their controlling stake in DEMIRE Deutsche Mittelstand Real Estate AG, following strong performance since their investments in 2015 and 2018. The duo is considering a potential sale of their entire stake to a strategic investor. Since 2018, DEMIRE has significantly increased its FFO and NAV through targeted portfolio management, with a market value exceeding EUR 1.6 billion as of September 30, 2021. They remain committed to supporting the existing management team as the company prepares for its next growth phase.

Apollo Global Management (NYSE: APO) has appointed Toby Myerson as a Senior Advisor to its operations in Japan. Myerson, a seasoned professional with extensive experience in the legal and finance sectors, has previously developed a Japan office for Paul, Weiss, Rifkind, Wharton & Garrison LLP. This appointment aligns with Apollo's growth strategy in Japan and the Asia Pacific region, where significant corporate carveouts with Mitsubishi Chemical and Showa Denko have been executed. As of September 30, 2021, Apollo managed approximately $481 billion in assets.

ABC Technologies Holdings Inc. (TSX:ABCT) has completed the sale of a minority stake, transferring 13,854,412 common shares (approximately 25.6% diluted) to Oaktree Capital Management from ABC Group Canada LP at CAD$9.00 per share. This acquisition grants Oaktree significant board influence, allowing them to nominate three directors. Oaktree now holds approximately 26.4% of the total shares, while ABC LP has exited its investment completely. The company plans to issue an updated slate of directors for shareholder approval at the upcoming meeting on December 15, 2021.

EmployBridge, a top provider of workforce solutions, has announced an agreement to acquire Hire Dynamics, a leading provider in the Southeastern U.S., with over $450 million in annual revenue. This acquisition aims to enhance EmployBridge's offerings and accelerate strategic investments. Post-acquisition, Billy Milam of Hire Dynamics will become CEO, while Michael Miles will serve as Executive Chairman. The deal is set to close by the end of November. The acquisition is backed by Apollo-managed funds, emphasizing growth and innovation.

Altius Renewable Royalties Corp. (OTCQX: ATRWF) is expected to file its financial results for Q3 2021 after market close on November 9, 2021. CEO Brian Dalton highlighted the quarter as significant due to the expansion of royalty financing in the U.S. renewable energy sector. The company deployed US$87.5 million in royalty financing during the quarter, marking its first two investments in operational projects. ARR's cash position as of September 30, 2021, stood at US$54.9 million, amidst a net loss of US$1.41 million.

Apollo has entered into a definitive agreement to acquire Global IID Holdco and its subsidiary 1A Smart Start, a leader in alcohol monitoring solutions. The financial terms were not disclosed. Smart Start has prevented over 10 million engine starts due to alcohol detection since its inception. The acquisition aims to expand Apollo's impact on community safety and enhance Smart Start’s position in the market. This move follows Apollo's investment strategy focusing on social and financial returns. The transaction is expected to close by year-end 2021.

Apollo (NYSE: APO) will hold a special stockholders meeting on December 17, 2021, at 9:30 a.m. ET to vote on its merger with Tango Holdings and Athene Holding. The meeting is virtual due to COVID-19 concerns. The merger requires approval from Apollo and Athene shareholders, along with regulatory clearance, and is anticipated to conclude in January 2022. As of September 30, 2021, Apollo managed approximately $481 billion in assets, focusing on delivering returns across various investment strategies.

Apollo Global Management (NYSE: APO) reported strong third-quarter results for the period ending September 30, 2021, showcasing record distributable earnings and strategic investments in its asset origination capabilities, including platforms like MaxCap and Newfi. CEO Marc Rowan emphasized the company's growth momentum and talent acquisition. Apollo declared a cash dividend of $0.50 per share for Class A Common Stock, payable on November 30, 2021, reflecting its commitment to distribute earnings. The firm manages approximately $481 billion in assets, further positioning itself within the alternative asset management sector.