Apollo Leads $700M Capital Solution for Sony Music Group

Rhea-AI Summary

Apollo (NYSE: APO) has announced a $700 million capital solution for Sony Music Group, an affiliate of Sony Group This investment, made on behalf of Apollo's affiliated and third-party insurance clients and other investors, is aimed at supporting Sony's investments in the music industry. Apollo Partner Jamshid Ehsani stated that this bespoke capital solution allows their clients to invest in high-grade securities while assisting Sony in executing its business plans. The deal showcases Apollo's ability to provide tailored financial solutions to major corporations in the entertainment sector.

Positive

• Apollo secured a $700 million investment deal with Sony Music Group
• The investment provides Apollo's clients access to high-grade securities
• The deal supports Sony's expansion plans in the music industry

Negative

• None.

NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that, on behalf of its affiliated and third-party insurance clients and other investors, it has provided a $700 million capital solution to Sony Music Group, an affiliate of Sony Group Corporation (“Sony”), for investments in the music industry.

“We are pleased to provide a bespoke capital solution to an affiliate of one of the world’s leading companies. This investment allows our clients to invest in high grade securities while helping Sony to execute its business plans,” said Apollo Partner Jamshid Ehsani.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2024, Apollo had approximately $671 billion of assets under management. To learn more, please visit www.apollo.com.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

Amanda Collins
Global Head of Corporate Communications
Sony Music
Amanda.collins@sonymusic.com

FAQ

What is the value of Apollo's capital solution for Sony Music Group?

Apollo has provided a $700 million capital solution to Sony Music Group.

When did Apollo announce the capital solution for Sony Music Group?

Apollo announced the $700 million capital solution for Sony Music Group on July 26, 2024.

What is the purpose of Apollo's investment in Sony Music Group?

The investment is intended to support Sony Music Group's investments in the music industry.

Who are the beneficiaries of Apollo's capital solution to Sony Music Group?

The capital solution benefits Apollo's affiliated and third-party insurance clients and other investors, as well as Sony Music Group.