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 Global Management has announced the appointment of William M. Lewis, Jr. as a Senior Partner and member of its Management Committee. Lewis, previously Chairman of Investment Banking at Lazard, will focus on sourcing investment opportunities and enhancing diversity and inclusion initiatives. Apollo's CEO Marc Rowan expressed enthusiasm for Lewis's extensive experience in M&A and financial markets, anticipating valuable contributions to Apollo's growth. As of June 30, 2021, Apollo managed approximately $472 billion in assets.
Sherrese Clarke Soares has launched HarbourView Equity Partners, a global alternative asset management firm focusing on media and entertainment investments. Backed by Apollo Global Management (NYSE: APO), HarbourView aims to establish a new industry standard in investment. Clarke Soares, with over 20 years of experience, leads a team that will target opportunities in sectors such as music, film, and sports. The company seeks to empower content creators and leverage growing global demand and technology trends in entertainment.
Allego Holding B.V., a key player in Europe's electric vehicle (EV) charging market, announced its proposed business combination with Apollo-affiliated Spartan Acquisition Corp. III (NYSE: SPAQ). A registration statement was filed with the SEC on September 30, 2021, providing a proxy statement/prospectus for this transaction. Upon completion, Athena Pubco anticipates $702 million in gross proceeds, primarily from a PIPE offering and cash held in trust. Allego aims to enhance its EV charging network, having deployed over 26,000 charging ports across 12 countries.
Takkion TP&L Holdings has acquired Airway Services, a top provider of operations and maintenance solutions in the renewable energy sector. This acquisition, announced on October 5, 2021, marks a strategic expansion of Takkion's capabilities in long-term O&M services, particularly for wind energy and battery storage. Takkion's Co-Chief Operating Officers expressed excitement for Airway's expert team and its potential to enhance service offerings. The deal positions Takkion as a market leader, aiming to meet the growing demands of renewable energy.
Intrado Corporation has launched MarketPlace, an integrated platform within its Notified Event Cloud, which simplifies vendor selection for event professionals. This portal connects users with trusted partners across various categories including marketing, content, analytics, language, and production. The initiative aims to enhance the event experience, streamline vendor interactions, and create a community of engaged professionals. Company president Ben Chodor emphasizes the strategic expansion plans for MarketPlace, targeting not only events but also public relations and investor relations sectors.
Apollo Global Management (NYSE: APO) will release its third quarter 2021 financial results on November 2, 2021, before NYSE trading opens. The management will conduct a public audio webcast to discuss these results at 8:30 am ET, accessible through their website. As of June 30, 2021, Apollo managed approximately $472 billion in assets. Interested parties can sign up for email updates for earnings releases and other announcements via their website.
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Altius Renewable Royalties (OTCQX: ATRWF) reports a US$52.5 million royalty investment through its joint venture, Great Bay Renewables (GBR), with Northleaf Capital Partners. This investment covers three renewable energy projects in Texas: Old Settler Wind (151 MW), Cotton Plains Wind (50 MW), and Phantom Solar (15 MW). The investment will generate US$4-7 million annually over ten years, supporting debt repayment and working capital. Additionally, GBR will receive a 2.5% royalty from a new 500 MW project, aiming for cash flow positivity in 2022.
Apollo Global Management (NYSE: APO) has announced its acquisition of Thermal and Emission Control Materials (MAFTEC) from Mitsubishi Chemical, marking its second private equity investment in Japan this year. MAFTEC specializes in materials that help reduce emissions in traditional and hybrid vehicles and is developing products for electric vehicle batteries. The deal, expected to close by March 2022, aligns with Apollo’s commitment to responsible investing and aims to leverage its global expertise to enhance MAFTEC’s value proposition amidst rising environmental standards.
On September 27, 2021, Intrado Corporation announced the rebranding of its Digital Media division to Notified. This rebrand aims to enhance the unique market identity of its full suite of solutions, which include Event Cloud, PR Cloud, and IR Cloud. The Notified platform facilitates communication for events, public relations, and investor relations, allowing organizations to effectively engage with their audiences. The rebranding follows Intrado's recent acquisition of Hubb and signifies a significant milestone in meeting the evolving needs of its customers.