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 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.
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.
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.
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.
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.