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.
Intrado Corporation announced the appointment of Jeff Robertson, President of Intrado Life & Safety, to the CTIA Board of Directors, effective January 1, 2022. Robertson, with over 30 years in public safety and emergency communications, will focus on improving emergency response through advanced wireless technologies. His experience is expected to align with CTIA's mission to advocate for the wireless communications industry, which is crucial as more than 80% of 911 calls are made via wireless phones. This appointment underscores Intrado’s commitment to enhancing public safety communications.
Altius Renewable Royalties (ATRWF) announced a 2.5% gross revenue royalty for its joint venture, Great Bay Renewables (GBR), disclosed in Q3 results on November 8, 2021. The royalty is linked to JERA Co. Inc.'s acquisition of the 300 MW El Sauz wind project in Texas, with construction beginning in early 2022 and operations expected by Q4 2022. GBR, a partnership between ARR and Apollo Global Management (APO), focuses on financing renewable energy projects.
Allego Holding B.V. has announced a strategic partnership with Nissan to enhance Europe's electric vehicle charging infrastructure. This collaboration will cover 16 countries and over 600 locations, focused on installing and maintaining DC fast charging solutions with capacities of 50kW and 24kW. With the aim to support Nissan's electric mobility initiatives, this partnership solidifies Allego's position in the European charging market. The deal includes comprehensive services for charging point operations and maintenance at Nissan locations, contributing to the expansion of sustainable transport solutions.
Apollo has announced a definitive agreement to acquire the US wealth distribution and asset management businesses of Griffin Capital, marking a significant expansion of Apollo’s Global Wealth Management Solutions. The acquisition adds over $5 billion in assets under management (AUM) and enhances Apollo’s capabilities in providing alternative investment solutions to individual investors. The integration of Griffin's experienced distribution team and technology is expected to accelerate Apollo's growth in the US wealth market, enhancing client offerings.
Brightspeed has appointed Christie Grumbos as Chief Financial Officer, effective immediately. Reporting to CEO Bob Mudge, she will oversee finance, accounting, and treasury operations, and lead capital planning for the company's ambitious $2 billion fiber optics transformation strategy. Grumbos has over 25 years of experience in finance, having served as CFO at Terminix and held senior roles at Vivint Smart Homes and Windstream Holdings. Brightspeed aims to extend high-speed internet service to three million households across multiple states, addressing the digital divide.
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Apollo (NYSE: APO) announced that CEO Marc Rowan will engage in an analyst-led fireside chat at the Goldman Sachs US Financial Services Conference on December 8, 2021, at 1:00 p.m. ET. A live webcast of the event will be accessible on Apollo’s website, with a replay available shortly after for those unable to attend live.
Apollo is a global alternative asset manager, boasting approximately $481 billion in assets under management as of September 30, 2021. The firm focuses on various investment strategies to meet clients' needs.
Allego Holding B.V., a European EV charging network, announced that Jane F. Garvey will become Chairwoman of its Board of Directors after merging with Spartan Acquisition Corp. III (NYSE: SPAQ). Garvey, who has held key positions in U.S. transportation agencies, aims to strengthen Allego's leadership in the EV sector. Current Chairman Julien Touati of Meridiam will serve as Vice-Chair. The transition is seen as pivotal for Allego as it prepares for public operations and seeks to expand its network of over 26,000 charging stations across Europe.
Athene has announced its acquisition of a controlling stake in Aqua Finance from Blackstone for about $1 billion. This strategic move positions Athene to enhance its consumer finance capabilities, with Aqua expected to originate $2 billion in loans in 2021. Blackstone will retain a minority stake in Aqua, which specializes in lending for home improvements and water treatment. The deal is expected to close in the first half of 2022, pending regulatory approvals. Aqua’s growth trajectory has doubled its annual loan originations since 2018, indicating a strong market presence.
Shutterfly, a leader in ecommerce for personalized products, has partnered with fashion icon Iris Apfel to launch an exclusive NFT Holiday CryptoCard Collection. This limited-edition collection features three unique NFTs showcasing never-before-seen moments from Apfel’s life, with auction proceeds benefiting the Boys & Girls Clubs of America. The auction runs from November 30 to December 7, with Shutterfly also donating $25,000 to the organization. This venture marks Shutterfly and Apfel's first NFT initiative, highlighting their commitment to creativity and community support.