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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 to Present at Barclays Financial Services Conference

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Apollo's CFO, Martin Kelly, will participate in a fireside chat at the Barclays Financial Services Conference on September 12, 2023 at 9:45 am ET.
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Phoenix and Apollo Launch Global Origination Partnership

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Phoenix Holdings and Apollo announce partnership for deployment and co-investment of assets
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Apollo Names David Moffatt as Chair of Australia and New Zealand Amid Continued Expansion in the Region

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Apollo appoints David Moffatt as Chair of operations in Australia and New Zealand
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Apollo Funds Acquire Composite Advanced Technologies, Inc, a Leading Manufacturer of Transportation and Storage Solutions for Hydrogen and Compressed Natural Gas

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Apollo acquires majority interest in CATEC, a leading provider of compressed gas solutions. Apollo intends to invest further capital to establish a leading gaseous equipment manufacturing and services platform. CATEC's products support the energy transition and help reduce carbon emissions. Apollo's commitment to clean energy and sustainability is evident in their significant investments in the energy transition.
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Total Operations and Production Services (TOPS) Announces Upsized Credit Facility

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TOPS expands credit facility by 77% to $565 million, adding two new lenders. CEO cites continued growth and ability to serve blue-chip customers. CFO highlights support for low emission, electric compression solutions.
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Arconic Completes Transaction with Apollo Funds

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Arconic completes acquisition by Apollo Funds, shareholders receive $30.00 per share in cash. Arconic to continue operations under current name and brand. Positive outlook for continued momentum and success in the aluminum fabrication sector.
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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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FAQ

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

The current stock price of Apollo Global Management (APO) is $170.28 as of December 27, 2024.

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

The market cap of Apollo Global Management (APO) is approximately 98.7B.

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

#123 Ranked by Market Cap
#1790 Ranked by Dividends

APO Stock Data

98.66B
414.39M
26.6%
61.56%
4.81%
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