Apollo Global Mgmt Inc Stock Price, News & Analysis

Takkion TP&L Holdings has acquired Airway Services, a top provider of operations and maintenance solutions in the renewable energy sector. This acquisition, announced on October 5, 2021, marks a strategic expansion of Takkion's capabilities in long-term O&M services, particularly for wind energy and battery storage. Takkion's Co-Chief Operating Officers expressed excitement for Airway's expert team and its potential to enhance service offerings. The deal positions Takkion as a market leader, aiming to meet the growing demands of renewable energy.

Intrado Corporation has launched MarketPlace, an integrated platform within its Notified Event Cloud, which simplifies vendor selection for event professionals. This portal connects users with trusted partners across various categories including marketing, content, analytics, language, and production. The initiative aims to enhance the event experience, streamline vendor interactions, and create a community of engaged professionals. Company president Ben Chodor emphasizes the strategic expansion plans for MarketPlace, targeting not only events but also public relations and investor relations sectors.

Apollo Global Management (NYSE: APO) will release its third quarter 2021 financial results on November 2, 2021, before NYSE trading opens. The management will conduct a public audio webcast to discuss these results at 8:30 am ET, accessible through their website. As of June 30, 2021, Apollo managed approximately $472 billion in assets. Interested parties can sign up for email updates for earnings releases and other announcements via their website.

Altius Renewable Royalties (OTCQX: ATRWF) reports a US$52.5 million royalty investment through its joint venture, Great Bay Renewables (GBR), with Northleaf Capital Partners. This investment covers three renewable energy projects in Texas: Old Settler Wind (151 MW), Cotton Plains Wind (50 MW), and Phantom Solar (15 MW). The investment will generate US$4-7 million annually over ten years, supporting debt repayment and working capital. Additionally, GBR will receive a 2.5% royalty from a new 500 MW project, aiming for cash flow positivity in 2022.

Apollo Global Management (NYSE: APO) has announced its acquisition of Thermal and Emission Control Materials (MAFTEC) from Mitsubishi Chemical, marking its second private equity investment in Japan this year. MAFTEC specializes in materials that help reduce emissions in traditional and hybrid vehicles and is developing products for electric vehicle batteries. The deal, expected to close by March 2022, aligns with Apollo’s commitment to responsible investing and aims to leverage its global expertise to enhance MAFTEC’s value proposition amidst rising environmental standards.

On September 27, 2021, Intrado Corporation announced the rebranding of its Digital Media division to Notified. This rebrand aims to enhance the unique market identity of its full suite of solutions, which include Event Cloud, PR Cloud, and IR Cloud. The Notified platform facilitates communication for events, public relations, and investor relations, allowing organizations to effectively engage with their audiences. The rebranding follows Intrado's recent acquisition of Hubb and signifies a significant milestone in meeting the evolving needs of its customers.

Apollo Global Management (NYSE: APO) announced plans to close its acquisition of a majority stake in Reno De Medici S.p.A. (BIT: RM/BME: RDM) by Q4 2021, pending customary closing conditions. The Apollo Funds will acquire approximately 67% equity ownership from Cascades Inc. and Caisse de dépôt et placement du Québec for EUR 1.45 per share. Following the closing, Apollo will initiate a mandatory public tender offer for remaining RDM shares aiming for delisting. As of June 30, 2021, Apollo managed around $472 billion in assets.

Apollo Global Management has appointed Senior Partner Matt Michelini as the Head of Asia-Pacific, overseeing investment and non-investment activities in the region. This strategic move underscores Apollo's commitment to expanding its presence in Asia-Pacific, highlighted by recent investments in leading firms such as MaxCap and JSW Cement. Apollo's CEO, Marc Rowan, noted the strong demand for alternative strategies in a market dominated by traditional banks. With approximately $472 billion in assets under management as of June 30, 2021, Apollo aims to leverage its resources for further growth.