Welcome to our dedicated page for Apollo Global Mgmt news (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Mgmt stock.
Apollo Global Management Inc (APO) delivers alternative asset management solutions through private equity, credit strategies, and retirement services. This dedicated news hub provides investors with essential updates on corporate developments, strategic initiatives, and market positioning.
Access real-time announcements including earnings reports, merger & acquisition activity, leadership updates, and partnership agreements. Our curated collection ensures stakeholders stay informed about APO's global investments across industries like technology, natural resources, and financial services.
Key updates cover capital deployment strategies, retirement services innovations through Athene, and cross-sector investment performance. Bookmark this page for reliable information directly supporting informed analysis of APO's market activities and long-term value creation.
Intrado Corporation has announced the final results of its offer to purchase up to $100 million of its 8.50% Senior Notes due 2025. As of July 21, 2021, approximately 76.39% of the Notes, totaling $600,027,000, were tendered. Since the total tendered amount exceeded the offer amount, the purchase will be conducted on a pro rata basis. The settlement date for this offer is expected to be July 23, 2021. Notes not accepted will continue to accrue interest under the Indenture.
Apollo Global Management has successfully acquired EmployBridge, the largest industrial staffing firm in the U.S. This strategic partnership aims to boost EmployBridge's growth, enhancing its service offerings and workforce management solutions. CEO Michael Miles emphasized the partnership's potential to energize teams and improve client engagement. Apollo's Robert Kalsow-Ramos noted strong market fundamentals and plans for significant investments in technology and client engagement. Financial terms weren't disclosed, but the acquisition positions Apollo to drive expansion in a high-demand market.
Athene Holding Ltd. (NYSE: ATH) has announced a definitive agreement to acquire Foundation Home Loans (FHL), a UK mortgage lender, from Fortress Investment Group affiliates. As of June 2021, FHL managed a £3 billion mortgage portfolio. This strategic move aims to enhance Athene's asset sourcing capabilities and provide attractive investment opportunities in residential mortgage loans. The acquisition is subject to regulatory approvals, including consent from the Financial Conduct Authority.
Apollo Global Management (NYSE: APO) has entered into an agreement with Arthur Kill Terminal LLC to invest in the Arthur Kill Terminal project, a significant offshore wind energy facility under development in Staten Island, New York. The project, led by Atlantic Offshore Terminals, is expected to start operations in late 2025 and aims to bolster New York's offshore wind supply chain, targeting at least 9,000 megawatts of offshore wind by 2035. Apollo's investment aligns with its expertise in renewable energy infrastructure and its commitment to sustainability.
Intrado Corporation has launched a new AI-powered matchmaking feature on its virtual event platform to enhance networking experiences for attendees. This innovative feature allows for targeted recommendations, helping participants connect based on shared professional interests. Matchmaking is available for both virtual and hybrid events, promoting attendee engagement and saving time in scheduling meetings. The new capability aims to drive leads and improve ROI for exhibitors while providing valuable data for event organizers.
Apollo Global Management (NYSE: APO) has entered a strategic collaboration with Figure Technologies to implement blockchain solutions across the investment lifecycle. This partnership aims to enhance fund management through Provenance blockchain, facilitating on-chain fund listings and asset securitization. Apollo’s focus on fintech innovation aligns with its goal to improve efficiency in capital raising and investment processes. Figure's expertise in blockchain technology complements Apollo's operational scale, aiming to transform financial services and create greater efficiencies and cost savings.
Apollo Global Management (NYSE: APO) appointed David Krone as Senior Partner and Global Head of Public Policy. In his new role, Krone will engage policymakers and provide advisory support to Apollo’s portfolio companies. CEO Marc Rowan praised Krone's legislative expertise, anticipating growth opportunities from his insight into public policy issues. Co-Presidents Scott Kleinman and Jim Zelter expressed excitement about expanding Apollo's operational platform. With $461 billion in assets under management as of March 31, 2021, Apollo aims to provide innovative investment solutions.
On July 12, 2021, Sunlight Financial completed its business combination with Spartan Acquisition Corp. II, now trading as SUNL on the NYSE. This merger enables Sunlight, a point-of-sale financing company, to enhance its operations in the solar energy market. Sunlight has expanded dramatically from one channel partner to over 1,000 and has financed over $4 billion through loans for solar systems and home improvements. Tiger Infrastructure, Sunlight's largest investor, believes the transaction will bolster growth and enhance cash flows.
Apollo Global Management announced record aircraft-related origination volume of approximately $1 billion in Q2 2021, marking the most active quarter since it began investing in aircraft assets nearly a decade ago. This growth reflects the firm's integrated platforms, including PK AirFinance and Merx. Apollo also closed a $540 million issuance of secured notes through MAPS 2021-1 Trust, financing a diverse portfolio of 20 Airbus and Boeing aircraft. Apollo's aviation financing business has consistently expanded, now managing over 360 commercial aircraft.
Acropolis Infrastructure Acquisition Corp. announced plans for an initial public offering (IPO) of 30 million units at $10.00 each, with an option for underwriters to purchase an additional 4.5 million units. Each unit includes one share of Class A common stock and one-third of a warrant, with the whole warrant allowing purchase of a Class A share at $11.50. The units will be traded on the NYSE under the symbol ACRO.U, with Class A stock and warrants to be listed as ACRO and ACRO WS. The company aims to merge with businesses in infrastructure sectors across North America.
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