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. reports news tied to its alternative asset management and retirement services businesses. Updates commonly cover operating results, dividends on common and preferred stock, assets under management, investment origination, and activity at Athene, its retirement-services subsidiary.
Company news also includes fund formation and capital raising across Apollo strategies, including hybrid value, structured equity, dislocated liquid credit, private equity, credit, and real assets. Announcements may describe investment activity across funds managed by Apollo, portfolio-company developments, governance, material agreements, and capital-structure matters.
Apollo (NYSE: APO) has appointed Louis-Jacques Tanguy as Chief Accounting Officer and Controller, effective January 11, 2022. Tanguy joins from Deutsche Bank, where he was Managing Director, with over 13 years of experience in finance. Apollo's CFO, Martin Kelly, stated that Tanguy's expertise in business finance and accounting will contribute to the company's strategic growth. Apollo, a leading alternative asset manager, manages approximately $481 billion in assets as of September 30, 2021, focusing on various investment strategies.
Apollo (NYSE: APO) has successfully closed its second dedicated infrastructure fund, Apollo Infrastructure Opportunities Fund II LP (AIOF II), with about $2.54 billion in capital commitments. The fund will invest in mid-market infrastructure assets, focusing on communications, power and renewables, and transportation. Apollo has a strong track record, having invested over $20 billion in infrastructure over 30 years. Recent investments include projects in renewable energy and telecommunications, indicating a commitment to sustainable growth and innovation in infrastructure.
Intrado Corporation has acquired Permission Click, enhancing its leadership in K-12 education technology. This strategic acquisition integrates Permission Click’s digital workflow solutions into Intrado Life & Safety’s SchoolMessenger suite, improving efficiency and compliance for schools. The acquisition aims to accelerate digital transformation in education, reducing manual processes for teachers and parents. As part of this transition, Permission Click’s team will join Intrado to support ongoing technology development and innovation.
Apollo Global Management and Athene have successfully completed their merger, creating a company with an expected market capitalization of $43 billion. The merger aims to enhance growth and deliver diversified earnings through a unified platform known as ‘One Apollo’. Over the next five years, Apollo plans to generate $15 billion of deployable capital and double its fee-related earnings. The restructuring offers a more liquid trading profile, potentially attracting a broader investor base and facilitating inclusion in the S&P 500 index.
Apollo has closed a $816 million convertible equity financing agreement with NextEra Energy Partners for a 2.5 GW renewable energy portfolio. This transaction showcases Apollo's infrastructure expertise and strategic partnerships in supporting the clean energy transition. The portfolio includes 13 utility-scale wind and solar assets across nine states, backed by long-term power purchase agreements with stable counterparties. It highlights Apollo's active role in alternative investments within the energy sector, aligned with its institutional partners to redeploy capital into renewable opportunities.
iCapital Network announced a successful $50 million funding round led by WestCap, with new investments from Apollo (NYSE: APO) and Temasek. This funding values iCapital at over $6 billion and aims to enhance its technology platform, expand investment strategies, and pursue strategic acquisitions. Since July 2021, iCapital has seen significant growth, managing over $104 billion in assets, with international clients contributing $22 billion. The company is transforming access to alternative investments for high-net-worth individuals.
Athene Holding Ltd. has announced an agreement to acquire Petros PACE Finance, a leader in Commercial Property Assessed Clean Energy (C-PACE) financing, for commercial properties in the U.S. The acquisition aims to enhance Athene's direct origination platform and meet the rising demand for ESG assets. Petros has financed over $700 million in projects since 2016, including the largest C-PACE transaction of $89 million in NYC. The deal is expected to close in Q1 2022 and will be managed by Apollo, Athene's strategic partner.
Apollo has successfully acquired Kem One Group, a prominent European PVC producer, from De Krassny GmbH. This acquisition enables Kem One to enhance its production operations across its eight industrial sites in France and Spain. Apollo aims to modernize Kem One's production and expand its growth strategy, focusing on customer service and sustainability. Kem One's CEO, Frédéric Chalmin, will remain at the helm, driving significant industrial projects, including an ethylene storage terminal and plant modernization.
Apollo announces a strategic partnership with DL Energy for the acquisition of a 25% equity stake in CPV Fairview Energy Center, a premier provider of environmentally sustainable electric power. The transaction, valued at an undisclosed amount, highlights Apollo's commitment to the clean energy sector. CPV Fairview has a capacity of 1,050MW, serving over one million homes, and plays a crucial role in meeting Pennsylvania's energy demands. Completion is anticipated by Q1 2022, strengthening its existing partnerships with Competitive Power Ventures and Osaka Gas.
Intrado Corporation will host its fourth annual Festival for Communicators on February 3, 2022. The event will include live programming from London, New York, and Chicago, featuring key figures from marketing and public relations. Emmy-winning Brendan Hunt will deliver the keynote address. This year’s festival aims to enhance engagement through interactive features and networking opportunities. Participation is free, and the event celebrates successful virtual projects from 2021. Intrado offers a unique communications cloud for event and public relations needs.