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 has acquired Hubb, a leader in hybrid event management technology, enhancing its position in the omnichannel event marketplace. This acquisition provides an end-to-end solution for in-person, virtual, and hybrid events, empowering clients with comprehensive data management and analytics to improve engagement and ROI. Forrester rated Hubb as a Leader in B2B Marketing Events Management. The integration aims to create an innovative platform for seamless event experiences, leveraging both companies' strengths for future growth.
Apollo Global Management (NYSE: APO) announced the appointment of Vikram Mahidhar as Operating Partner to enhance the firm's Data & Digital Transformation initiatives within its APPS platform. Mahidhar will lead efforts to drive digital transformation across Apollo's Private Equity portfolio using advanced analytics and AI. His previous experience includes a Senior VP role at Genpact. This strategic move is part of Apollo's broader initiatives aimed at enhancing operational capabilities and delivering strong financial performance across its portfolio.
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Intrado Corporation has joined the Mission Critical Alliance (MCA) led by L3Harris Technologies to enhance public safety technology integration. This collaboration aims to improve the capabilities, compatibility, and security of essential public safety solutions. The MCA includes top industry leaders and focuses on addressing significant challenges in public safety technology. A key event will be an interactive demonstration of Intrado's solutions on August 19-20, 2021, in San Antonio, TX.
Apollo EPF III has entered a definitive agreement to acquire a portfolio of real estate assets from ENPAM for €842 million. The portfolio consists of 68 commercial and residential properties, mainly located in Rome and Milan. This divestment allows ENPAM to enhance its financial flexibility and better serve its pensioners. Apollo's transaction is part of their strategy to expand their European real estate portfolio, which includes $7 billion in assets under management as of June 30, 2021. The deal is expected to close by year-end.
Apollo Global Management (NYSE: APO) has announced its agreement to acquire a majority stake in AS Graanul Invest, the leading sustainable wood pellet producer in Europe. This acquisition positions Apollo to enhance its role in the renewable energy sector, as Graanul generates a significant portion of Estonia's renewable bioelectricity. With 12 production plants, Graanul focuses on sustainable biomass solutions, aiming to replace fossil fuels. The transaction, anticipated to close later in 2021, is subject to regulatory approvals.
Newport Merger Sub, Inc., an affiliate of Apollo Global Management, has secured consent from holders representing approximately 98.56% of The New Home Company’s 7.250% Senior Notes due 2025. This approval is part of a Consent Solicitation related to a merger agreement where Newport Holdings, LLC will acquire The New Home Company. The amendments will eliminate the obligation to make a "Change of Control Offer" regarding the Notes post-merger. The transaction aims to streamline the integration process and is set to enhance operational flexibility for the newly combined entity.
Apollo Global Management (NYSE: APO) reported robust second-quarter results for the period ended June 30, 2021, featuring record fee-related earnings and the highest quarterly distributable earnings since 2013. The firm successfully deployed $28 billion in capital, focusing on growth through strategic investments in technology and talent. A cash dividend of $0.50 per share has been declared for Class A Common Stock, payable on August 31, 2021. Future dividends are expected to align with earnings growth post-merger with Athene Holding Ltd.
Apollo Global Management has announced its plan to acquire Lumen Technologies' ILEC assets across 20 states for $7.5 billion. The transaction, set to close in 2022, aims to enhance fiber internet access for over 6 million customers in underserved areas. The new company, led by industry veterans from Verizon's Fios, will focus on expanding fiber infrastructure and improving customer service. The deal will also generate consistent cash flow from a well-developed fiber backbone network.
Lumen Technologies has agreed to sell its ILEC business, which includes consumer, small business, and enterprise customers in 20 states, to Apollo Global Management for $7.5 billion, including approximately $1.4 billion in debt assumption. The deal is part of Lumen's strategy to transform and grow, retaining its ILEC assets in 16 states and expanding its fiber network. The transaction is expected to close in the second half of 2022, subject to regulatory approvals. This move is aimed at meeting the rising demand for high-bandwidth connectivity.