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.
Great Canadian Gaming Corporation has entered a definitive agreement with Apollo Funds, managed by Apollo Global Management (NYSE: APO), for the acquisition of all outstanding shares at C$39.00 per share, valuing the deal over C$3.3 billion. This price represents a 59% premium over the 30-day VWAP. The Board unanimously approved the deal, citing it as the best option for shareholders. Apollo aims to enhance Great Canadian's operations, expand its gaming and hospitality offerings, and support its successful reopening post-COVID-19 with a commitment to community involvement.
PK AirFinance, managed by Apollo Global Management (NYSE: APO), has appointed Eelco van de Stadt as President, effective January 2021. This decision follows the retirement of Per Waldelof, who led the company for 25 years. Van de Stadt brings extensive experience in aviation finance, having previously held senior positions at MUFG and DVB Bank. PK AirFinance currently manages a portfolio valued at $4.5 billion, supporting over 94 operators in 51 countries. Apollo’s strategy involves leveraging PK’s capabilities for growth and achieving attractive risk-adjusted returns for investors.
Apollo Global Management (NYSE: APO) announced that co-founder Josh Harris will present at the Bank of America Securities 2020 Future of Financials Virtual Conference on November 10, 2020, at 10:30 am ET. A live webcast of the presentation will be accessible in the Stockholders section of Apollo's website. The company had assets under management of approximately $433 billion as of September 30, 2020, across various sectors. A replay of the event will be available post-presentation on their website.
Apollo Global Management (NYSE: APO) reported strong Q3 2020 results, with total assets under management increasing to $433 billion, up $102 billion since 2019. The company declared a cash dividend of $0.51 per share for the third quarter, with a year-to-date total of $1.42. Key growth was attributed to significant transactions, organic development for insurance clients, and capital raising. Despite market challenges, Apollo's management emphasized its resilience and strong operational capabilities.
Intrado Corporation announced the sale of its Health Advocate business to Teleperformance for $690 million. This decision follows a strategic review aimed at focusing on Intrado's cloud businesses. The transaction is set to close in the first quarter of 2021 pending regulatory approvals. This sale is anticipated to allow Health Advocate to thrive under Teleperformance's operational excellence, aligning with its focus on personalized customer experience. Goldman Sachs and Triple Tree advised Intrado on this transaction.
Apollo Global Management (NYSE: APO) has acquired a US telecommunications platform from Lendlease, rebranding it as Parallel Infrastructure. This platform includes nearly 500 operational cell towers and a pipeline of additional towers under development. Major US carriers like AT&T, Verizon, and T-Mobile are key customers. The acquisition aligns with Apollo's expertise in corporate carve-outs and aims to support the growing demand for data and 5G networks in the US. The deal enhances Apollo's infrastructure investment track record, which exceeds $20 billion.
Apollo Global Management (NYSE: APO) announced a joint venture with Altius Minerals Corporation to enhance renewable energy investment in North America. The Apollo Funds plan to invest up to $200 million for a potential 50% stake in Great Bay Renewables, which has already allocated over $60 million to renewable projects. This venture aims to capitalize on the growing demand for renewable energy, particularly in wind, solar, and energy storage. Apollo's infrastructure strategy aims to establish leadership in renewable royalties and support sustainability goals.
Intrado Corporation has launched Hoot Meetings, a video-first online meeting tool designed for modern workplaces. Utilizing browser-based Web RTC technology, it offers seamless audio, video, and web experiences without the need for downloads. The solution emphasizes security at every level, catering to the recent increase in remote work. Intrado aims to expand its UCaaS portfolio to serve midmarket and smaller organizations globally. Hoot Meetings leverages Intrado's global cloud audio network, ensuring reliable audio access regardless of location.
Intrado Corporation announced the launch of new features for its virtual event platform, enhancing attendee interaction. Key additions include scheduled breakout rooms for group discussions and 1:1 video chat capabilities, aimed at fostering more personal engagement. President Ben Chodor highlighted that these upgrades are crucial as events transition online. The platform supports up to 200,000 attendees and offers comprehensive analytics, branding options, and gamification, reinforcing Intrado's commitment to delivering impactful virtual experiences.
Apollo Global Management (NYSE: APO) announced plans to release its third-quarter financial results on October 29, 2020, before market open. A conference call will follow at 10:00 a.m. ET to discuss these results, accessible via phone and webcast. As of June 30, 2020, Apollo managed approximately $414 billion in assets across various industries. The release also includes cautionary forward-looking statements regarding business performance amid uncertainties such as COVID-19 and market conditions.
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