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.
DISH Network Corporation has entered an agreement with Intrado Corporation for 911 call routing, marking a significant step in DISH's deployment of its cloud-native 5G wireless service. This partnership ensures reliable emergency response capabilities as DISH rolls out its unique 5G network across the U.S. Jeff McSchooler, DISH's EVP, emphasized the importance of Intrado's reputation in providing robust 911 solutions. Intrado manages over 60% of 911 call routing in North America, reinforcing the reliability of DISH's new services for customers.
Intrado Corporation has been chosen by the Florida Department of Education for its Intrado Safety Shield™ solution, enabling compliance with Alyssa’s Law, which requires K-12 schools to implement mobile panic alert systems. This solution meets all statutory requirements and enhances school safety through various capabilities, including real-time coordination with emergency services. Florida has allocated $8 million for this initiative, allowing schools to select from approved vendors. Intrado's established role in 911 services positions it as a trusted provider in the education sector.
Flowroute, a solution of Intrado Corporation, has been recognized as the top-ranked SIP trunk vendor in customer satisfaction by Eastern Management Group for the third consecutive year. The evaluation included over 4,000 IT managers assessing 29 vendors across 12 factors, where Flowroute excelled with four-star ratings across nearly all categories. Its HyperNetwork™ solution enhances call quality and reliability with a programmable and scalable infrastructure, fulfilling carrier-grade demands.
Apollo Global Management (NYSE: APO) announced that co-founder Marc Rowan will present at the Credit Suisse Financial Services Forum on February 24, 2021, at 1:50 p.m. ET. The presentation will be available via a live audio webcast on Apollo's Stockholders section of their website. A replay will be accessible shortly after the event for those unable to attend live. Apollo, a leading global alternative investment manager, had $455 billion in assets under management as of December 31, 2020, specializing in credit, private equity, and real assets across nine industries.
Apollo Global Management announced the appointment of Jay Clayton as Lead Independent Director, effective March 1, 2021. Clayton's extensive experience includes serving as SEC Chair from 2017-2020, focusing on market integrity and investor protection. His appointment aligns with Apollo's ongoing governance enhancements, alongside the addition of independent directors Pamela Joyner and Siddhartha Mukherjee. The firm aims to improve shareholder structure and governance standards, including evaluating a one share/one vote structure.
Apollo Global Management (NYSE: APO) and Athene Holding Ltd. (NYSE: ATH) announced the sale of their subsidiary AmeriHome Mortgage Company to Western Alliance Bancorporation (NYSE: WAL). This strategic move follows AmeriHome's significant growth from inception in 2013 to becoming the nation's third-largest correspondent mortgage acquirer, with a servicing portfolio of $98.8 billion as of December 31, 2020. The purchase price reflects approximately 1.4 times AmeriHome's adjusted tangible book value. The transaction is expected to close in Q2 2021, pending regulatory approvals.
Apollo Global Management (APO) has successfully closed on approximately $2.34 billion in commitments for its Apollo Accord Fund IV, raising total assets to $4.1 billion over the past ten months. Fund IV investors include existing limited partners and new global institutions seeking credit investments during market volatility. Apollo's Accord strategy serves as a liquidity provider, focusing on high-quality secured credit risk. With over $6.3 billion in assets under management for dislocation opportunities, Apollo positions itself to capitalize on market volatility.
Spartan Acquisition Corp. III has successfully completed its initial public offering (IPO), raising $552 million by offering 55,200,000 units at $10.00 each. This includes a full option exercise by underwriters for an additional 7,200,000 units. The units, trading under the symbol 'SPAQ.U', consist of one share of Class A common stock and a redeemable warrant. The transaction was managed by Credit Suisse, Citigroup, and Cowen. Spartan aims to focus on mergers and acquisitions in North America's energy sector, specifically targeting energy transition and sustainability.
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.