Apollo Global Mgmt Inc - APO STOCK NEWS

Apollo (NYSE: APO) has announced that its Chief Executive Officer, Marc Rowan, will participate in a fireside chat at the Goldman Sachs US Financial Services Conference. The event is scheduled for Wednesday, December 11, 2024, at 8:00 am ET. Interested parties can access a live webcast of the discussion through Apollo's Investor Relations website at ir.apollo.com. A replay option will be made available for those who cannot attend the live session.

Mosaicx President Rebecca Jones has been honored in the 2024 CX Leaders Awards in the Women in CX category. The award, hosted by CX Today, recognizes female leaders showing exceptional leadership and innovation in customer experience. Under Jones's leadership since 2021, Mosaicx has transformed from a call center operations company into a conversational AI pioneer, achieving up to 10% improvement in customer retention.

The company serves various industries including finance, insurance, healthcare, telecommunications, travel, and retail. With 30 years of experience in CX, Mosaicx focuses on guiding customers to make strategic investments based on industry and consumer needs.

International Game Technology (IGT) announced the expiration of the Hart-Scott-Rodino Act waiting period for its previously announced transaction. The deal involves IGT's Gaming & Digital business and Everi Holdings being acquired by a new holding company owned by Apollo Global Management funds. The waiting period expired on November 20, 2024, marking a significant milestone toward completing the transaction. The deal is expected to close by the end of Q3 2025, subject to additional regulatory approvals and conditions.

Message Broadcast has acquired West's Utilities Business from West Technology Group's CX360 division, following its previous acquisitions of AGENT511 and i2sms. West Utilities, established in 1989, provides call overflow and notification solutions for critical incidents like power outages. The platform serves over 40 U.S. and Canadian utilities, enabling customized inbound and outbound IVR workflow automation for high-volume call periods. The acquisition strengthens Message Broadcast's customer engagement software portfolio for the utility sector, focusing on outage alerts, payment reminders, and energy efficiency campaigns.

Apollo (NYSE: APO) has announced that its Impact and Clean Transition funds have acquired a majority stake in The State Group (TSG), a leading provider of electrical, mechanical, robotics, and automation services. Blue Wolf Capital will retain a minority stake alongside existing management shareholders. TSG, established in 1961, specializes in complex projects from newbuild to maintenance, helping customers optimize and decarbonize energy use. The company supports critical technology infrastructure in growing markets, including data centers. The transaction's financial terms were not disclosed.

Apollo (NYSE: APO) has expanded its Asia Pacific presence by opening a new office in Seoul and appointing Jay Hyun Lee as Partner and Head of Korea. Lee, bringing 25 years of financial services experience, will drive Apollo's capital formation strategy and institutional relationships in Korea. The firm has been operating in Asia Pacific for over 15 years, with offices across Tokyo, Sydney, Hong Kong, Mumbai, and Singapore since 2006. Additionally, Dr. Sam Young Chung from Yonsei University has been appointed as Academic Advisor to focus on retirement solutions and alternative assets.

Everi Holdings (NYSE: EVRI) announced that its stockholders have overwhelmingly approved the company's acquisition by Apollo Global Management funds. The deal, which includes the simultaneous acquisition of IGT's Gaming & Digital business, received 99.88% approval from voting shares, representing 71.48% of total outstanding shares. Stockholders will receive $14.25 per share in cash. The transaction is expected to close by the end of Q3 2025, subject to closing conditions.

Vega has raised $20 million in a Series A funding round led by Apollo and Motive to scale its technology platform, Vega AltOS. This follows an $8 million seed investment from Motive, Picus Capital, and Citi Ventures. Apollo, now an enterprise-scale anchor client, will use Vega AltOS for its institutional, family office, and global wealth channels. Additionally, Apollo will integrate Edna, an alternative employee investment platform with over $2 billion AUM, into Vega. Vega aims to revolutionize client service for alternative asset managers by providing a scalable, digitally-enabled platform for pre-trade, execution, and post-trade operations. The new funding and partnership with Apollo signify a major milestone in Vega's growth, aiming to standardize private markets client service infrastructure and drive industry-wide growth.

Cardinal Health (NYSE: CAH) announced two strategic acquisitions: a 71% stake in GI Alliance (GIA) for $2.8 billion and Advanced Diabetes Supply Group (ADSG) for $1.1 billion. GIA, the leading gastroenterology management services organization with over 900 physicians across 345 locations, will operate within Cardinal's Pharmaceutical and Specialty Solutions segment. ADSG, serving approximately 500,000 diabetes patients annually, will merge with Cardinal's at-Home Solutions business. Both acquisitions are expected to close in early 2025 and be accretive to revenue, segment profit growth, and non-GAAP EPS in the first 12 months post-closing.