Apollo Global Mgmt Inc Stock Price, News & Analysis

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.

Apollo Global Management (NYSE: APO) announced it will release its Q2 2021 financial results on August 4, 2021, before NYSE trading begins. A conference call will be held at 8:30 a.m. ET that day, accessible at (833) 614-1406 (U.S.) or +1 (914) 987-7127 (international) with ID 2704008. A webcast will also be available to the public on their website. As of March 31, 2021, Apollo managed approximately $461 billion in assets, focusing on investment strategies across yield, hybrid, and opportunistic categories.

Cascades Inc. announced its agreement to sell its 57.6% stake in Reno De Medici for €1.45 per share, totaling approximately €315.3 million (~CAN$461 million). This price represents a 24% premium over RDM's 90-day share average. The transaction aims to enhance Cascades' core North American operations, supporting strategic modernization and shareholder returns. Set for Q3 2021 completion, the sale concludes Cascades' 35-year presence in Europe, with Apollo Global Management acquiring RDM to drive future growth. Rothschild & Co acted as financial advisor for Cascades.

Apollo Global Management (NYSE: APO) has announced the acquisition of a majority stake in Reno De Medici S.p.A. (RDM), a leader in recycled cartonboard production, for EUR 1.45 per share, marking a 24% premium over its 90-day average. The acquisition involves approximately 67% of RDM's equity, with a mandatory tender offer planned to de-list the company. RDM, which focuses on sustainable practices, operates nine mills across Europe and the US. The transaction is expected to close by Q3 2021 and is part of Apollo's Impact strategy to promote sustainability while driving financial performance.

Apollo Global Management has formed a strategic partnership with Motive Partners, acquiring a 24.9% minority stake in Motive’s management company. This collaboration aims to drive innovation and growth in financial technology, enhancing investment opportunities while working alongside Motive's expertise. The partnership positions Apollo to leverage a nearly $10 trillion market opportunity in financial technology over the coming decade. There will be no changes to the management or operations of Motive or its managed vehicles, including Motive Capital Corp (NYSE: MOTV).

Intrado Corporation announced its HouseCalls Pro platform received an 88.3/100 score in a KLAS report, ranking it among the top patient engagement solutions. Notably, 100% of customers would repurchase the solution, highlighting its effectiveness in reducing no-shows and improving patient communication. The score reflects a significant 13-point increase from the previous year, indicating strong product improvements. KLAS also noted that providers are optimistic about Intrado’s strategic direction in healthcare.