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Apollo Global Management, Inc. - APO STOCK NEWS

Welcome to our dedicated page for Apollo Global Management news (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Management stock.

Apollo Global Management, Inc. (NYSE: APO) is a premier alternative investment manager that specializes in private equity, credit, and real estate, with expertise in distressed asset situations. Founded in 1990, Apollo is known for its contrarian, value-oriented investment approach. The company operates across various sectors including chemicals, manufacturing, natural resources, consumer services, financial services, leisure, media, and technology.

As of December 31, 2023, Apollo managed approximately $651 billion in assets. The firm generates the majority of its revenue from its Retirement Services segment through Athene, a leading provider of retirement savings products. Apollo's integrated business model sets it apart, enabling seamless capital deployment across a diverse portfolio.

Recently, Apollo has made significant strides in renewable energy investments. For example, Great Bay Renewables, a joint venture with Apollo funds, entered into a $10.1 million facility with Hexagon Energy to support solar development projects totaling 1,500 MWac in the MISO interconnection queue.

Apollo has also expanded its international footprint through strategic acquisitions and partnerships. The firm recently acquired a majority stake in Panasonic Automotive Systems Corporation, aiming to accelerate growth in the advanced automotive solutions sector. Additionally, Apollo formed a partnership with MassMutual, making MassMutual a minority equity owner in ATLAS SP Partners.

Financially robust, Apollo continues to innovate in capital solutions, having secured transactions like its $1.85 billion acquisition of U.S. Silica Holdings, Inc. This move further diversifies Apollo's investment portfolio and fortifies its presence in the industrial minerals sector.

News

Apollo Prices Offering of Fixed-Rate Resettable Junior Subordinated Notes

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Apollo Global Management, Inc. has priced an offering of $600 million aggregate principal amount of its 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053. The notes will be fully guaranteed by Apollo Asset Management, Inc. The offering is expected to close on August 23, 2023. The net proceeds from the offering will be approximately $586.3 million, which will be used to redeem AAM's outstanding shares of 6.375% Series A Preferred Stock and 6.375% Series B Preferred Stock.
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Apollo to Offer Fixed-Rate Resettable Junior Subordinated Notes

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Apollo Global Management, Inc. has announced an offering of its Fixed-Rate Resettable Junior Subordinated Notes. The notes will be guaranteed by various subsidiaries of Apollo. The proceeds from the offering will be used to redeem AAM's outstanding shares of preferred stock. Morgan Stanley, BofA Securities, UBS Securities, and Wells Fargo Securities are acting as joint book-running managers for the offering.
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BDO USA Stewards Transformative Next Chapter With ESOP

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BDO USA, a leading accounting and advisory firm, plans to establish an Employee Stock Ownership Plan (ESOP). This would make BDO the first large public accounting firm to implement an ESOP. With over 10,000 participating employees, BDO's ESOP would be among the largest in the country. The ESOP aims to provide employees with the benefit of ownership and contribute to the firm's long-term sustainability. The ESOP will require no out-of-pocket contribution from employees and will help them plan for their future financial well-being. The transaction is expected to become effective on August 31, 2023.
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Apollo Upsizes and Prices Offering of Mandatory Convertible Preferred Stock

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Apollo Global Management, Inc. (NYSE: APO) has priced an offering of $1,250.0 million (25,000,000 shares) of its 6.75% Series A Mandatory Convertible Preferred Stock. The offering was upsized from the previously announced size of $1,000.0 million (20,000,000 shares). The underwriters have a 30-day option to purchase up to an additional $187.5 million (3,750,000 shares) of Mandatory Convertible Preferred Stock. The net proceeds from the offering will be approximately $1,219 million (or approximately $1,402 million if the underwriters exercise their option to purchase additional shares in full). Apollo intends to use the net proceeds to accelerate its Retirement Services growth.
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Apollo to Offer Series A Mandatory Convertible Preferred Stock

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Apollo Global Management, Inc. has announced an offering of $1,000.0 million of its Series A Mandatory Convertible Preferred Stock. The net proceeds will be used to accelerate Retirement Services growth. The underwriters have a 30-day option to purchase up to an additional $150.0 million of stock. Each share of Preferred Stock will have a liquidation preference of $50.00 per share.
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Apollo Impact to Acquire Accent Family of Companies, a Leading Value-Added Distributor and Manufacturer of Baling Wires and Equipment Servicing the Recycling and Waste Management Industries

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Apollo (NYSE: APO) completes acquisition of the Accent Family of Companies, a leader in baling wires and wire-tier machines used in the recycling and waste industries, as well as a regional wholesale distributor of building materials. The acquisition positions Apollo for continued expansion amid increasing focus on sustainability and recycling solutions.
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Apollo Reports Second Quarter 2023 Results

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Apollo Global Management, Inc. (NYSE: APO) reported strong second quarter results and declared cash dividends for its Common Stock, Series A Preferred shares, and Series B Preferred shares. The company's CEO highlighted the success of their private credit origination ecosystem and emphasized the potential of private credit for long-term investors. The detailed presentation of the results is available on Apollo's Investor Relations website at ir.apollo.com.
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Kimbell Royalty Partners, LP Announces $455 Million Accretive Acquisition

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Kimbell Royalty Partners, LP (KRP) has announced the acquisition of oil and gas mineral and royalty interests in a cash transaction valued at approximately $455 million. The acquired assets are expected to immediately increase the company's daily production and decrease cash G&A per Boe. The Permian Basin represents approximately 64% of the reserve value, with the Mid-Continent making up the remaining 36%. Kimbell estimates that, as of June 1, 2023, the acquired assets produce approximately 4,840 Boe/d. The Acquisition is expected to close in the third quarter of 2023, subject to customary closing conditions.
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Univar Solutions Completes Transaction with Apollo Funds

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Univar Solutions Inc. and Apollo Funds have completed the acquisition of Univar Solutions, with shareholders receiving $36.15 per share in cash. The Company will continue to operate under the Univar Solutions name and brand. The transaction details include the acquisition of all outstanding shares of Univar Solutions stock by an affiliate of the Apollo Funds.
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Apollo Announces 2023 Annual Meeting of Stockholders

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Apollo (NYSE: APO) will hold its 2023 Annual Meeting of Stockholders virtually on October 6, 2023, at 9:30 am ET. The record date for the meeting is August 11, 2023.
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FAQ

What is the current stock price of Apollo Global Management (APO)?

The current stock price of Apollo Global Management (APO) is $167.56 as of November 22, 2024.

What is the market cap of Apollo Global Management (APO)?

The market cap of Apollo Global Management (APO) is approximately 95.5B.

What does Apollo Global Management do?

Apollo Global Management specializes in managing investments in private equity, credit, and real estate. They also manage retirement services through Athene.

How much in assets does Apollo Global Management manage?

As of December 31, 2023, Apollo manages approximately $651 billion in assets.

What sectors does Apollo Global Management invest in?

Apollo invests in various sectors including chemicals, manufacturing, natural resources, consumer services, financial services, leisure, media, and technology.

What recent partnerships has Apollo Global Management formed?

Apollo recently partnered with MassMutual, making it a minority equity owner in ATLAS SP Partners. They also entered into a strategic acquisition with Panasonic Automotive Systems Corporation.

What is a significant recent investment by Apollo Global Management?

Apollo recently acquired U.S. Silica Holdings, Inc. for $1.85 billion, further diversifying its investment portfolio.

What is Apollo Global Management's investment philosophy?

Apollo employs a contrarian, value-oriented investment approach with significant expertise in distressed assets.

What is the primary revenue segment for Apollo Global Management?

The majority of Apollo's revenue comes from its Retirement Services segment through Athene.

How does Apollo Global Management support renewable energy?

Apollo has invested in renewable energy projects, such as Great Bay Renewables’ $10.1 million facility with Hexagon Energy for solar developments.

What distinguishes Apollo Global Management from other investment managers?

Apollo's integrated business model allows for seamless capital deployment across a diverse portfolio, setting it apart from other investment managers.

How does Apollo Global Management maintain financial strength?

Apollo maintains financial strength through strategic acquisitions, partnerships, and a focus on innovative capital solutions.

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Apollo Global Management, Inc.

NYSE:APO

APO Rankings

#135 Ranked by Market Cap
#1744 Ranked by Dividends

APO Stock Data

95.51B
413.52M
26.75%
62.06%
4.83%
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