Welcome to our dedicated page for Apollo Global Mgmt news (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Mgmt stock.
Apollo Global Management, Inc. (NYSE: APO) appears frequently in financial and corporate news as a high-growth, global alternative asset manager active across credit, private equity and retirement services. Company communications describe an asset management business that seeks to provide clients excess return along the risk-reward spectrum, and a retirement services business operated through Athene Holding Ltd. that focuses on retirement savings products and institutional solutions.
News about Apollo often highlights capital solutions and transactions led by Apollo-managed funds and affiliates. Recent announcements include a multibillion-dollar capital solution for Valor Compute Infrastructure L.P. to support the acquisition and lease of data center compute infrastructure for a subsidiary of xAI Corp, as well as strategic financing for Russell Investments to refinance existing debt and extend maturities. Apollo funds have also agreed to acquire a majority stake in Prosol Group, a French fresh food retailer, and have made significant preferred equity commitments to QXO, Inc. to support acquisition strategies.
Other coverage shows Apollo’s ecosystem in action, including Stream Data Centers, a key operating platform within the Apollo ecosystem focused on wholesale data center colocation and build-to-suit facilities, and MidCap Financial, which is described as Apollo’s primary direct origination platform in the private middle market. Apollo-affiliated capital has also been involved in sports-related investments, such as a minority investment in Wrexham AFC through Apollo Sports Capital.
Investors following APO news can expect updates on capital deployments by Apollo-managed funds, financing and acquisition agreements, ratings actions referencing Apollo’s platform, preliminary performance metrics such as alternative net investment income disclosed via Form 8-K, and developments involving key platforms like Athene, MidCap Financial and Stream Data Centers. This mix of transaction announcements, financing structures and segment-related disclosures provides insight into how Apollo deploys capital and manages its alternative asset and retirement services businesses over time.
Apollo (NYSE: APO) has announced an upsize and extension of the Apollo Delos platform, increasing its partnership with Apeiron Management SpA by EUR 150 million. This investment, focused on corporate credit and special situations in Italy, follows over EUR 470 million deployed since 2018. Apeiron will continue to manage transaction origination and execution. Key hires have been made to enhance the investment team's capabilities as the partnership aims to capitalize on credit opportunities across the Italian market, with emphasis on corporate borrowers.
On March 17, 2023, Atlas Air Worldwide (AAWW) announced the completion of its acquisition by an investor group led by Apollo (APO) along with J.F. Lehman & Company and Hill City Capital. Each Atlas shareholder will receive $102.50 in cash per share. This acquisition marks a significant milestone as Atlas aims to leverage its investor partners' resources for growth, while continuing its operations under the Atlas name. The current executive team, led by CEO John Dietrich, will remain in place. Following the transaction, Atlas Air’s stock will no longer be traded on the NASDAQ.
Univar Solutions Inc. (NYSE: UNVR) has entered into a definitive merger agreement with Apollo (NYSE: APO) for an all-cash acquisition valued at approximately $8.1 billion. Shareholders will receive $36.15 per share, representing a 20.6% premium over its undisturbed closing stock price on November 22, 2022. The transaction is expected to close in the second half of 2023, pending regulatory approvals and shareholder consent. The merger will not be financially conditioned, marking a significant step for Univar as it transitions to a privately-held entity while continuing its operations globally.
Total Operations and Production Services, LLC (TOPS) announced a significant upsize of its credit facility by 50%, increasing total commitments to $320 million from $213 million. This financing move is backed by both new and existing lenders, positioning the company for continued expansion in 2023. Following a record year in 2022, where TOPS added over 100,000 horsepower to its gas compression fleet, CEO Brian Green emphasized the strong lender confidence in the company's performance amid challenging market conditions. The additional funds will enhance TOPS' ability to serve its client base in the Permian Basin with industry-leading, low-emission compression solutions.
Apollo (NYSE: APO) announced that CEO Marc Rowan will speak at the RBC Capital Markets Global Financials Conference on March 7, 2023, at 12:15 PM ET. A live webcast of the event will be accessible on Apollo’s Investor Relations website, with a replay available afterward for those unable to attend live. Apollo is a global alternative asset manager with approximately $548 billion in assets under management as of December 31, 2022. The company focuses on investment strategies including yield, hybrid, and equity, aiming to deliver excess returns for clients while providing innovative capital solutions for growth.
Apollo Global Management announces the appointment of Whitney Chatterjee as General Counsel starting April 3, 2023. She will transition to Chief Legal Officer on January 1, 2024, succeeding John Suydam, who has held the position since 2006. CEO Marc Rowan praised Chatterjee's extensive legal experience, stating she will enhance Apollo's corporate governance and stakeholder relationships. Chatterjee previously served as a Partner at Sullivan & Cromwell, specializing in financial services. This leadership transition reflects Apollo's commitment to succession planning and strengthens its talent base.
Apollo Global Management (NYSE: APO) has appointed former U.S. Senator Patrick Toomey to its Board of Directors, effective March 15, 2023. This expands the Board to 17 members, with 13 being independent. Toomey has significant experience in financial services, having served on several Senate committees, including Banking and Finance, and has a history in the U.S. House of Representatives. CEO Marc Rowan expressed confidence in Toomey’s ability to enhance corporate governance and value generation for shareholders. Toomey, excited to join, aims to contribute to Apollo's mission of providing capital for business growth and retirement income for savers.
Apollo Global Management (NYSE: APO) reported strong financial results for Q4 and the full year ending December 31, 2022. CEO Marc Rowan highlighted record fee-related and normalized spread earnings, alongside significant organic inflows. The firm made notable advancements in its growth strategies, focusing on origination, global wealth, and capital solutions. A cash dividend of $0.40 per share was declared for Q4, scheduled for payment on February 28, 2023. The company manages approximately $548 billion in assets, emphasizing its commitment to delivering excess returns across various investment strategies.
ATLAS SP Partners has launched as a standalone securitized credit origination platform to enhance growth in the asset-backed finance market. Following Apollo's acquisition of part of Credit Suisse's Securitized Products Group, ATLAS SP Partners now operates under the majority ownership of Apollo. The firm, led by CEO Jay Kim, focuses on providing innovative financing solutions to various clients, including corporates and REITs. ATLAS SP specializes in high-quality investment-grade assets and plans to transition additional personnel from Credit Suisse throughout 2023.
The Apollo Opportunity Foundation announced grants totaling nearly $3 million to 11 nonprofit organizations focused on expanding economic opportunities for underrepresented individuals. Launched in February 2022 with over $100 million set for investment over a decade, the Foundation is employee-driven, reflecting Apollo's commitment to community engagement. The selected organizations focus on career education, workforce development, and economic empowerment. CEO Marc Rowan emphasized the importance of these grants in fostering positive change. Apollo's efforts also include ongoing employee support and an evaluation process for future grant recipients.
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