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.
Intrado Corporation has launched the Emergency Data Broker, a groundbreaking solution that enhances information delivery between IoT devices and 911 emergency responders. This innovation aims to expedite the dispatch process during emergencies by providing critical data without requiring upgrades to existing 911 infrastructure. Partnering with several IoT service providers, Intrado's platform facilitates the rapid access of incident information to dispatchers. The initiative seeks to improve public safety by leveraging IoT data to save lives and protect property.
Apollo Global Management announced a commitment to invest up to $470 million of preferred equity in US Acute Care Solutions (USACS), aiming to facilitate a full recapitalization of the company while maintaining physician ownership. This investment will allow USACS to expand its operations and enhance growth opportunities. Apollo will also appoint two representatives to USACS' Board of Directors. The transaction is subject to customary closing conditions and is expected to finalize in Q1 2021.
On February 8, 2021, Spartan Acquisition Corp. III announced the pricing of its IPO, offering 48 million units at $10.00 each. The units will trade on the NYSE under the symbol 'SPAQ.U' from February 9, 2021. Each unit includes one share of Class A common stock and one-fourth of a redeemable warrant, allowing purchase of additional stock at $11.50. The offering closes on February 11, 2021. Underwriters, including Credit Suisse and Citigroup, may purchase an additional 7.2 million units. Spartan focuses on energy value chain opportunities in North America, aligned with sustainability themes.
Spartan Acquisition Corp. III has initiated its IPO, offering 40 million units at $10 each, with an option for underwriters to purchase up to 6 million additional units. Each unit includes one share of Class A common stock and a quarter warrant for future purchase at $11.50. The offering will trade on the NYSE under the ticker 'SPAQ.U.' Managed by Credit Suisse, Citigroup, and Cowen, this IPO aims to focus on the energy sector in North America, particularly aligned with energy transition and sustainability themes. The registration with the SEC is pending effectiveness.
Apollo Global Management (NYSE: APO) reported strong results for the fourth quarter and full year ended December 31, 2020, with assets under management (AUM) increasing by $124 billion, or 38%, to $455 billion. The firm declared a cash dividend of $0.60 per Class A share for Q4, payable on February 26, 2021. Apollo is enhancing corporate governance and has named Marc Rowan as the new CEO. Despite market volatility, Apollo achieved record inflows and investments, showcasing the resilience of its business model.
Apollo Global Management (NYSE: APO) has announced its first private equity investment in Japan by acquiring the Aluminum Can and Aluminum Rolling Businesses from Showa Denko K.K. The deal represents a strategic move to tap into high-quality assets with growth potential in Japan and Asia. Apollo aims to leverage its expertise in metals and packaging to unlock value and support the management team in the future growth of the business. The transaction is expected to close by August 2021, pending regulatory approvals.
Apollo Global Management (NYSE: APO) announced the completion of an independent review by its Conflicts Committee regarding Chairman and CEO Leon Black's past relationship with Jeffrey Epstein. The review, conducted by law firm Dechert LLP, found that Apollo never hired Epstein for services, nor did he invest in Apollo-managed funds. Black engaged Epstein for legitimate trust and estate planning advice, supported by vetted professionals. The report, which reviewed over 60,000 communications and interviewed more than 20 individuals, found no link between Black and Epstein's criminal activities. The findings align with Apollo's prior statements.
Apollo Global Management announced significant leadership changes, with Leon Black set to retire as CEO by July 31, 2021. He will remain Chairman while Marc Rowan is appointed as the new CEO. The Board will expand with four new independent directors, including Pamela Joyner and Siddhartha Mukherjee, effective March 1, 2021. The company is also considering a simplified voting structure and governance changes to enhance shareholder alignment. Notably, Apollo’s assets under management increased by $22 billion to $455 billion, indicating strong growth prospects.
Intrado Corporation announced its new Lobby Experience feature, enhancing its Digital Media solutions. This innovation allows marketers to create branded pre- and post-webcast virtual lobbies, improving audience engagement. The Lobby offers interactive tools such as downloadable content, Q&A capabilities, and social media integration. This technology aims to transform standard webcasts into interactive experiences, reflecting Intrado's commitment to digital transformation in event management. The company, controlled by Apollo Global Management (NYSE: APO), continues to innovate in the digital services space.
Apollo Global Management (NYSE: APO) will announce its Q4 and full-year 2020 financial results on February 3, 2021, before NYSE trading begins. The management will discuss these results in a conference call at 8:30 a.m. ET, accessible via phone or webcast. As of September 30, 2020, Apollo managed approximately $433 billion in assets across various sectors. The press release includes forward-looking statements regarding Apollo’s future performance, which are subject to risks including COVID-19 impacts and market conditions.
FAQ
What is the current stock price of Apollo Global Mgmt (APO)?
What is the market cap of Apollo Global Mgmt (APO)?
