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. (NYSE: APO) appears frequently in financial and corporate news as a high-growth, global alternative asset manager active across credit, private equity and retirement services. Company communications describe an asset management business that seeks to provide clients excess return along the risk-reward spectrum, and a retirement services business operated through Athene Holding Ltd. that focuses on retirement savings products and institutional solutions.
News about Apollo often highlights capital solutions and transactions led by Apollo-managed funds and affiliates. Recent announcements include a multibillion-dollar capital solution for Valor Compute Infrastructure L.P. to support the acquisition and lease of data center compute infrastructure for a subsidiary of xAI Corp, as well as strategic financing for Russell Investments to refinance existing debt and extend maturities. Apollo funds have also agreed to acquire a majority stake in Prosol Group, a French fresh food retailer, and have made significant preferred equity commitments to QXO, Inc. to support acquisition strategies.
Other coverage shows Apollo’s ecosystem in action, including Stream Data Centers, a key operating platform within the Apollo ecosystem focused on wholesale data center colocation and build-to-suit facilities, and MidCap Financial, which is described as Apollo’s primary direct origination platform in the private middle market. Apollo-affiliated capital has also been involved in sports-related investments, such as a minority investment in Wrexham AFC through Apollo Sports Capital.
Investors following APO news can expect updates on capital deployments by Apollo-managed funds, financing and acquisition agreements, ratings actions referencing Apollo’s platform, preliminary performance metrics such as alternative net investment income disclosed via Form 8-K, and developments involving key platforms like Athene, MidCap Financial and Stream Data Centers. This mix of transaction announcements, financing structures and segment-related disclosures provides insight into how Apollo deploys capital and manages its alternative asset and retirement services businesses over time.
Apollo Global Management (NYSE: APO) has announced its 2021 Annual Meeting of Stockholders to be held virtually on October 1, 2021, at 9:30 a.m. EDT due to COVID-19 concerns. The record date for stockholders is set for August 5, 2021, with proxy materials being mailed around August 16, 2021. Apollo, a leading alternative asset manager with approximately $461 billion in assets under management as of March 31, 2021, focuses on investment strategies aimed at generating excess returns across various risk profiles.
The New Home Company (NYSE: NWHM) has entered a definitive merger agreement with Apollo Funds, managed by Apollo Global Management (NYSE: APO), for an all-cash acquisition at $9.00 per share, valuing NWHM at approximately $338 million. This price represents an 85% premium over the stock’s closing price on July 22, 2021. The deal, unanimously approved by NWHM's Board, aims to enhance operational and financial flexibility and capture growth in the housing market. The transaction is expected to close in the second half of the fiscal year, with NWHM becoming a privately held company post-acquisition.
Intrado Corporation and ADT have partnered to enhance emergency response capabilities by delivering human-verified data to 911 centers using Intrado's Emergency Data Broker™. This collaboration allows ADT to send critical information seamlessly when alarms are triggered, optimizing the response process for public safety. This feature is available at no cost to any text-to-911-capable public safety answering point in the U.S., requiring no additional updates or changes. The initiative supports the Next Generation 911 ecosystem, improving situational awareness and emergency response outcomes.
Intrado Corporation has announced the final results of its offer to purchase up to $100 million of its 8.50% Senior Notes due 2025. As of July 21, 2021, approximately 76.39% of the Notes, totaling $600,027,000, were tendered. Since the total tendered amount exceeded the offer amount, the purchase will be conducted on a pro rata basis. The settlement date for this offer is expected to be July 23, 2021. Notes not accepted will continue to accrue interest under the Indenture.
Apollo Global Management has successfully acquired EmployBridge, the largest industrial staffing firm in the U.S. This strategic partnership aims to boost EmployBridge's growth, enhancing its service offerings and workforce management solutions. CEO Michael Miles emphasized the partnership's potential to energize teams and improve client engagement. Apollo's Robert Kalsow-Ramos noted strong market fundamentals and plans for significant investments in technology and client engagement. Financial terms weren't disclosed, but the acquisition positions Apollo to drive expansion in a high-demand market.
Athene Holding Ltd. (NYSE: ATH) has announced a definitive agreement to acquire Foundation Home Loans (FHL), a UK mortgage lender, from Fortress Investment Group affiliates. As of June 2021, FHL managed a £3 billion mortgage portfolio. This strategic move aims to enhance Athene's asset sourcing capabilities and provide attractive investment opportunities in residential mortgage loans. The acquisition is subject to regulatory approvals, including consent from the Financial Conduct Authority.
Apollo Global Management (NYSE: APO) has entered into an agreement with Arthur Kill Terminal LLC to invest in the Arthur Kill Terminal project, a significant offshore wind energy facility under development in Staten Island, New York. The project, led by Atlantic Offshore Terminals, is expected to start operations in late 2025 and aims to bolster New York's offshore wind supply chain, targeting at least 9,000 megawatts of offshore wind by 2035. Apollo's investment aligns with its expertise in renewable energy infrastructure and its commitment to sustainability.
Intrado Corporation has launched a new AI-powered matchmaking feature on its virtual event platform to enhance networking experiences for attendees. This innovative feature allows for targeted recommendations, helping participants connect based on shared professional interests. Matchmaking is available for both virtual and hybrid events, promoting attendee engagement and saving time in scheduling meetings. The new capability aims to drive leads and improve ROI for exhibitors while providing valuable data for event organizers.
Apollo Global Management (NYSE: APO) has entered a strategic collaboration with Figure Technologies to implement blockchain solutions across the investment lifecycle. This partnership aims to enhance fund management through Provenance blockchain, facilitating on-chain fund listings and asset securitization. Apollo’s focus on fintech innovation aligns with its goal to improve efficiency in capital raising and investment processes. Figure's expertise in blockchain technology complements Apollo's operational scale, aiming to transform financial services and create greater efficiencies and cost savings.
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.