Apollo Global Management, Inc. - APO STOCK NEWS

Apollo (NYSE: APO) has completed its acquisition of the US asset management business of Griffin Capital, adding significant scale and investment capabilities to its Global Wealth business. This acquisition includes two interval funds now renamed as Apollo Diversified Real Estate Fund and Apollo Diversified Credit Fund, collectively managing approximately $6.5 billion in assets. The deal enhances Apollo's ambition to broaden its alternative strategy offerings to individual investors and their advisors.

Apollo (NYSE: APO) has acquired Tony’s Fresh Market, a Chicago-based grocery retailer known for high-quality, affordable foods, especially in underserved communities. Established in 1979, Tony’s operates 18 stores and is expanding. With over 400 vendors, it serves diverse communities by offering fresh produce and multicultural foods. Apollo aims to enhance Tony’s growth through customer loyalty programs and e-commerce, while continuing its commitment to community engagement and food access. This acquisition aligns with Apollo's strategy to invest in impactful grocery companies.

Apollo has successfully acquired a majority stake in Novolex Holdings, a leading sustainable packaging manufacturer, from Carlyle. The acquisition is financed by the largest sustainability-linked loan to date, enhancing Apollo's commitment to ESG initiatives.

Novolex's CEO emphasized that the partnership aligns with shared values and innovation goals. Carlyle retains a minority stake in Novolex, which operates over 57 manufacturing facilities and focuses on sustainable packaging solutions, reinforcing its market position in multiple industries.

Intrado Corporation has expanded its Notified Event Cloud platform to offer comprehensive solutions for virtual, hybrid, and in-person events. The enhancements allow for easier event management, immersive experiences, and flexible pricing models to cater to various event sizes. Key features include automated event management, customizable mobile apps, and world-class support services. The new pricing packages—Expand, Evolve, and Enterprise—enable clients to run unlimited events affordably, streamlining processes while providing valuable data and analytics.

Apollo (NYSE: APO) has announced a strategic partnership with Siebert Williams Shank (SWS), a minority-owned financial services firm. This collaboration involves a significant investment aimed at enhancing SWS's underwriting capacity for debt and equity offerings, ultimately driving larger deal flow and revenue opportunities. The partnership is part of Apollo's commitment to widening opportunities in its ecosystem. As of December 31, 2021, Apollo managed approximately $498 billion in assets.

Liquidity Group has deployed $5 million in growth funding to Geologie, a NYC-based direct-to-consumer men's skincare line. Geologie aims to simplify men's skincare routines with tailored products. The funding, facilitated by Liquidity's machine-learning platform, supports Geologie's rapid customer growth. Liquidity Group, backed by Apollo and MUFG, focuses on credit automation and quick debt funding for high-growth companies. Geologie's award-winning skincare products have received accolades from Men's Health and Esquire.

Intrado Corporation announces a significant advancement in 5G wireless 911 routing services, aimed at meeting federal compliance for private network operators. Unveiled at the 2022 CCA Mobile Carriers Show, this service enhances emergency response by integrating rich data delivery, improved location accuracy for emergency texts, and compliance with evolving Z-Axis requirements. The company’s proactive development led to securing its first 5G tier 1 mobile operator contract in 2021, demonstrating a commitment to safety and innovation in emergency response.

Intrado Corporation announced enhancements to its Notified PR platform to better serve public relations professionals. Key updates include expanded social listening content from TikTok, Instagram, YouTube, Twitter, and Facebook, improved global press release distribution, and a new unique readers metric for measuring visibility. These upgrades aim to provide clients with essential tools for brand management, news targeting, and performance measurement, reinforcing Notified's position as a comprehensive communications solution.

Liquidity Group announced approximately $775 million in capital commitments for 2022, led by Apollo Funds and MUFG Bank. Apollo will provide $425 million for a credit facility, while MUFG commits $300 million for a joint venture focusing on future unicorns. Additionally, $50 million will come through a SAFE note investment from Apollo, MUFG, and Spark Capital. This partnership aims to enhance Liquidity's lending capabilities for late-stage technology firms, leveraging AI for credit assessment.