Apollo Global Management, Inc. - APO STOCK NEWS

New Fortress Energy (NASDAQ: NFE) announced the successful closing of the CELSE Power Plant sale to Eneva S.A., marking a key transaction following the initial announcement on June 1, 2022. This move, alongside Ebrasil Energia Ltda, simplifies NFE's capital structure and is aimed at achieving an investment grade credit rating. Proceeds will fund its Fast LNG program and other LNG projects globally. The sale also allows NFE to pay off debts, while Eneva will assume CELSE's obligations. Energos Infrastructure, a joint venture with Apollo (NYSE: APO), will continue operating the Golar Nanook for CELSE.

Brightspeed has launched operations following its acquisition of ILEC assets from Lumen Technologies (NYSE: LUMN) by Apollo-managed funds (NYSE: APO). It is now the fifth largest ILEC in the U.S., covering over 6.5 million locations. Brightspeed invests at least $2 billion to enhance its fiber network, targeting 1 million new fiber passings in 17 states by year-end 2023. The company aims to bridge the digital divide and improve connectivity in underserved areas, leveraging advanced technologies like XGS-PON and Wi-Fi 6.

Apollo (NYSE: APO) has acquired approximately 5% equity in Diameter Capital Partners, enhancing their strategic relationship. This $1 billion investment will support Diameter's growth in direct lending and European credit markets. Diameter, founded in 2017, manages $11 billion across various credit strategies and will reinvest proceeds to expand its offerings. Apollo sees this minority investment as part of a broader strategy to support asset managers and create diversified investment opportunities. Diameter's management will remain unchanged, maintaining their expertise in credit markets.

Apollo (NYSE: APO) is set to release its third quarter financial results on November 2, 2022, prior to the NYSE opening. The management will host a public webcast at 8:30 am ET to discuss the results. Apollo, a global alternative asset manager, currently oversees approximately $515 billion in assets. The firm focuses on delivering high returns across various strategies, including yield, hybrid, and equity. Stakeholders interested in updates can subscribe via Apollo’s website.

Stonepeak has announced an agreement to acquire Intrado's Safety business, a leader in public emergency telecommunications, for $2.4 billion. This acquisition will enhance the critical 911 infrastructure that serves millions across the U.S. and Canada, directly connecting citizens with emergency services. With its established network servicing 3.1 million wireless sites and 13,600 PSAP seats, this deal aims to bolster public safety operations. The transaction is expected to close by Q1 2023, pending regulatory approvals.

Waud Capital Partners announced the successful sale of a controlling stake in GI Alliance, valuing the company at $2.2 billion. This transaction involved a physician-led buyout facilitated by funds managed by Apollo (NYSE: APO). GIA, which has grown from 2 to 14 states since its inception in 2018, is now primarily owned by its physician partners, led by CEO James Weber. The shift aims to continue GIA's commitment to high-quality patient care while enhancing its corporate infrastructure.

Intrado Corporation announced the release of its 2022 Benchmark Report for Webinars and Virtual Events, highlighting a significant rise in live attendance and engagement. The report indicates a 66% increase in live webinar attendance compared to previous years and notable trends such as the use of video in 77% of webinars. For virtual events, 78% are under 3 days, with an average of 20 speakers per event, a substantial increase from 6 in 2019. The findings emphasize the importance of agility and optimization in event planning.

Apollo (NYSE: APO) announced that Scott Kleinman, Co-President of Apollo Asset Management, will present at the Bank of America’s 27th Annual Financials CEO Conference on September 21, 2022, at 8:45 am BST in London.

The event will feature a live webcast available at Apollo's website, with a replay accessible after the conference.

Apollo manages approximately $515 billion in assets, focusing on innovative capital solutions and client financial security.

Declan Flanagan, the former CEO of Ørsted’s onshore business, has launched Bluestar Energy Capital, a global renewable energy investment platform with an initial capital of $100 million for greenfield projects. The company aims to empower local leadership in renewable energy while providing project development capital, with a focus on the US, Australia, and Europe. Key management hires include former executives from Ørsted and Lincoln Clean Energy. Bluestar's strategy emphasizes regional platforms and opportunistic acquisitions to drive growth in the energy transition.