Apollo Global Mgmt Inc Stock Price, News & Analysis

Intrado Corporation has partnered with Interprefy to enhance its webcasting platform by offering real-time audio interpretation in 26 languages, allowing clients to reach global audiences effectively. This partnership integrates seamlessly with Intrado's award-winning webcasting solution, facilitating cost-effective, on-demand interpretation for virtual and hybrid events. The initiative aims to foster engagement and inclusivity, as event planners increasingly seek ways to connect with diverse audiences. Intrado's recent acquisition of Hubb further strengthens its position in the event management technology sector.

Intrado Corporation has acquired Hubb, a leader in hybrid event management technology, enhancing its position in the omnichannel event marketplace. This acquisition provides an end-to-end solution for in-person, virtual, and hybrid events, empowering clients with comprehensive data management and analytics to improve engagement and ROI. Forrester rated Hubb as a Leader in B2B Marketing Events Management. The integration aims to create an innovative platform for seamless event experiences, leveraging both companies' strengths for future growth.

Apollo Global Management (NYSE: APO) announced the appointment of Vikram Mahidhar as Operating Partner to enhance the firm's Data & Digital Transformation initiatives within its APPS platform. Mahidhar will lead efforts to drive digital transformation across Apollo's Private Equity portfolio using advanced analytics and AI. His previous experience includes a Senior VP role at Genpact. This strategic move is part of Apollo's broader initiatives aimed at enhancing operational capabilities and delivering strong financial performance across its portfolio.

Intrado Corporation has joined the Mission Critical Alliance (MCA) led by L3Harris Technologies to enhance public safety technology integration. This collaboration aims to improve the capabilities, compatibility, and security of essential public safety solutions. The MCA includes top industry leaders and focuses on addressing significant challenges in public safety technology. A key event will be an interactive demonstration of Intrado's solutions on August 19-20, 2021, in San Antonio, TX.

Apollo EPF III has entered a definitive agreement to acquire a portfolio of real estate assets from ENPAM for €842 million. The portfolio consists of 68 commercial and residential properties, mainly located in Rome and Milan. This divestment allows ENPAM to enhance its financial flexibility and better serve its pensioners. Apollo's transaction is part of their strategy to expand their European real estate portfolio, which includes $7 billion in assets under management as of June 30, 2021. The deal is expected to close by year-end.

Apollo Global Management (NYSE: APO) has announced its agreement to acquire a majority stake in AS Graanul Invest, the leading sustainable wood pellet producer in Europe. This acquisition positions Apollo to enhance its role in the renewable energy sector, as Graanul generates a significant portion of Estonia's renewable bioelectricity. With 12 production plants, Graanul focuses on sustainable biomass solutions, aiming to replace fossil fuels. The transaction, anticipated to close later in 2021, is subject to regulatory approvals.

Newport Merger Sub, Inc., an affiliate of Apollo Global Management, has secured consent from holders representing approximately 98.56% of The New Home Company’s 7.250% Senior Notes due 2025. This approval is part of a Consent Solicitation related to a merger agreement where Newport Holdings, LLC will acquire The New Home Company. The amendments will eliminate the obligation to make a "Change of Control Offer" regarding the Notes post-merger. The transaction aims to streamline the integration process and is set to enhance operational flexibility for the newly combined entity.

Apollo Global Management (NYSE: APO) reported robust second-quarter results for the period ended June 30, 2021, featuring record fee-related earnings and the highest quarterly distributable earnings since 2013. The firm successfully deployed $28 billion in capital, focusing on growth through strategic investments in technology and talent. A cash dividend of $0.50 per share has been declared for Class A Common Stock, payable on August 31, 2021. Future dividends are expected to align with earnings growth post-merger with Athene Holding Ltd.