Apollo Global Mgmt Inc Stock Price, News & Analysis

Apollo has announced an investment of $824 million in a convertible equity portfolio financing agreement with NextEra Energy Partners for a 2.5 GW renewable energy generation portfolio. The investment involves the acquisition of 50% of the portfolio from NextEra Energy Resources, comprising 13 utility-scale wind and solar assets with long-term power purchase agreements. Apollo aims to support the clean energy transition and expand its infrastructure investing platform. The transaction is expected to close in Q4 2021, subject to customary conditions.

Intrado, TSG Global, and WMC Global have collaborated to launch a blockchain identity solution aimed at enhancing security and privacy in enterprise communications. The initiative introduces Telephone Number ID (TNID), a patented technology that allows businesses to manage their phone numbers securely, while reducing telecom fraud and robocalls. This new system aligns with the objectives of the STIR/SHAKEN initiative, facilitating trusted communication for consumers who opt in.

Apollo (NYSE: APO) hosted its Investor Day on October 19, 2021, highlighting its strategic direction to achieve long-term financial targets. CEO Marc Rowan emphasized Apollo's strong growth trajectory backed by over three decades of investment expertise. The event featured a detailed presentation of the firm’s strategies aimed at accelerating growth and delivering substantial returns to stockholders. Presentation materials are available on Apollo’s website, and a replay will be accessible after the event.

Newfi, a technology-driven mortgage lender, has confirmed a definitive agreement to sell a majority interest to Athene from Warburg Pincus. The investment will be managed by Apollo. This deal aims to enhance Newfi's capabilities in the non-agency mortgage space and comes during a period of record earnings growth. Founder Steve Abreu will continue to lead the company, which boasts over $6 billion in originations. The transaction is expected to close in Q1 2022, pending regulatory approvals.

Apollo Global Management has appointed Roger W. Ferguson, Jr. as Vice Chairman, where he will advise on strategic asset management and retirement services. CEO Marc Rowan emphasized Ferguson’s leadership experience in the financial services sector, which includes managing TIAA through significant economic challenges and expanding its client base significantly. Ferguson aims to enhance deal origination and investor relations while supporting Apollo's growth strategy in the evolving financial sector. Apollo currently manages approximately $472 billion in assets.

Intrado Corporation has introduced coverage books to its Notified PR Cloud, enabling public relations professionals to create customizable digital reports showcasing earned media coverage. This feature streamlines the reporting process, integrating data from various sources for easier access and presentation. Key characteristics include customizable setups, dynamic content flow based on tags, and comprehensive metrics such as publisher reach and social media shares. The Notified platform enhances PR efficiency by providing a unified workflow for media monitoring and analytics.

Apollo Global Management has announced the appointment of William M. Lewis, Jr. as a Senior Partner and member of its Management Committee. Lewis, previously Chairman of Investment Banking at Lazard, will focus on sourcing investment opportunities and enhancing diversity and inclusion initiatives. Apollo's CEO Marc Rowan expressed enthusiasm for Lewis's extensive experience in M&A and financial markets, anticipating valuable contributions to Apollo's growth. As of June 30, 2021, Apollo managed approximately $472 billion in assets.

Sherrese Clarke Soares has launched HarbourView Equity Partners, a global alternative asset management firm focusing on media and entertainment investments. Backed by Apollo Global Management (NYSE: APO), HarbourView aims to establish a new industry standard in investment. Clarke Soares, with over 20 years of experience, leads a team that will target opportunities in sectors such as music, film, and sports. The company seeks to empower content creators and leverage growing global demand and technology trends in entertainment.

Allego Holding B.V., a key player in Europe's electric vehicle (EV) charging market, announced its proposed business combination with Apollo-affiliated Spartan Acquisition Corp. III (NYSE: SPAQ). A registration statement was filed with the SEC on September 30, 2021, providing a proxy statement/prospectus for this transaction. Upon completion, Athena Pubco anticipates $702 million in gross proceeds, primarily from a PIPE offering and cash held in trust. Allego aims to enhance its EV charging network, having deployed over 26,000 charging ports across 12 countries.