Apollo Global Mgmt Inc Stock Price, News & Analysis

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.

Apollo (NYSE: APO) and GOL Linhas Aéreas completed a sale and leaseback deal involving a new Boeing 737 MAX 8 aircraft. This transaction, finalized on Sept. 8, 2022, enhances GOL's fleet efficiency and is part of its transition to modern, fuel-efficient aircraft. The 737 MAX 8 enables GOL to expand its nonstop service across Latin America, the Caribbean, and beyond while reducing fuel consumption and emissions. Approximately 50% of GOL's capacity is now generated by new technology aircraft, supporting its Fleet Transformation program.

Pegasus Merger Co., affiliated with Apollo Global Management, announced an extension of its cash tender offers and consent solicitations for Tenneco Inc.'s Senior Secured Notes due 2029. The expiration date has been extended from September 7, 2022, to September 27, 2022. Holders have until this new date to tender their notes. Currently, over 99% of the 5.125% notes and over 98% of the 7.875% notes have been tendered. The completion of the tender offer is contingent on ongoing merger activities.

Brightspeed has secured over $90 million in grants to expand its gig-speed fiber network to 38,000 locations across 29 counties in North Carolina. The funding is part of the state's GREAT grant initiative aimed at enhancing broadband access in underserved areas. Brightspeed, the top recipient in a competitive process with over 300 applicants, plans to build 800,000 fiber-enabled locations over time, significantly improving internet service and accessibility. The investments are aligned with their mission to bridge the digital divide.

Apollo (NYSE: APO) has announced that Chief Financial Officer Martin Kelly will present at the Barclays Global Financial Services Conference on September 13, 2022, at 2:45 pm ET. Investors can access a live webcast of the presentation here. A replay will be available after the event. Apollo, a high-growth global alternative asset manager, currently manages approximately $515 billion in assets, focusing on strategies including yield, hybrid, and equity.

Apollo Asset Management has appointed Byron Vielehr as its new Chief Operating Officer, effective September 30, 2022. In this role, he will focus on scaling Apollo's global operating platform and implementing technology-driven growth strategies. Vielehr brings over 30 years of experience in financial services and operations, previously serving as Chief Growth Officer at Fiserv. Apollo currently manages approximately $515 billion in assets, aiming to enhance its operational capabilities and reinforce its high-performance culture.