Apollo Global Management, Inc. - APO STOCK NEWS

Allego Holding B.V., a pan-European EV charging network, announced the appointment of Manish A. Somaiya as Group Head of Investor Relations and Capital Markets, effective January 10, 2022. CEO Mathieu Bonnet highlighted Somaiya's expertise in fostering investor relationships, aiming to strengthen Allego's market strategy. Somaiya, with over 20 years of experience in investment research from firms like Citigroup and J.P. Morgan, is expected to enhance Allego's communication strategy. Allego operates over 26,000 charge points across Europe, positioning itself as a leader in EV charging solutions.

Apollo has announced a significant $760 million minority equity investment in Legendary Entertainment, marking a strategic partnership aimed at enhancing growth plans in the entertainment sector. This investment comes on the heels of Legendary's most profitable year in 2021, underlining its solid financial standing and ambitious expansion in film and television production. Apollo's involvement is expected to bolster Legendary's operational capabilities while opening doors for future mergers and acquisitions, leveraging synergies across media, gaming, and technology sectors.

Intrado Corporation has announced its fourth annual Festival for Communicators event, scheduled for February 3, 2022, featuring keynote speaker Brendan Hunt, co-creator of Ted Lasso. The event aims to address current trends in communications, featuring over 40 industry experts across three tracks: events, public relations, and investor relations. Notified's president Ben Chodor emphasizes engagement opportunities during this music festival-themed virtual event, which includes networking and celebrating successful virtual events from 2021.

Apollo and Athene have partnered with BNP Paribas to launch Eliant Inventory Solutions LP, a platform aimed at optimizing working capital and enhancing supply chain resiliency. Eliant begins with strong demand, boasting $1.3 billion in signed or awarded inventory programs from major clients. The initiative focuses on providing strategic inventory capital solutions, facilitating better management of supply chains, and mitigating disruptions. Through this collaboration, Eliant aims to address the growing need for flexible trade finance solutions in today's economic landscape.

Allego has announced a strategic partnership with ARCOS, a subsidiary of VINCI Autoroutes, to build a new electric vehicle charging site along the A355 motorway in France. This site, operational by January 2022, will feature five chargers including fast and ultra-fast options, catering to the growing demand for EV infrastructure. Allego, which operates over 26,000 charge points across Europe, aims to enhance its charging footprint in response to the increasing number of electric vehicles on the road, with the A355 attracting over 28,000 vehicles daily.

Allego has secured 14 new ultra fast charging locations in Flanders, Belgium, following previous approvals from the Flemish government in 2020. This expansion will add up to 56 ultra fast chargers by mid-2024, enhancing the EV charging network. The project is co-financed by the European Union and the Flemish Agency for Roads and Traffic. Allego plans to improve customer experience with multi-language interfaces and a canopy concept. The company aims to meet the growing demand for electric vehicle charging solutions across Europe.

Athene Holding Ltd. has completed its acquisition of Petros PACE Finance, positioning the company to capitalize on growth in the C-PACE financing market. Led by co-founders Mansoor Ghori and Jim Stanislaus, Petros aims to enhance its energy efficiency financing solutions for commercial properties across the U.S. The acquisition aligns with Apollo's broader investment strategy, expected to drive rapid growth in C-PACE financing. The market for C-PACE financing is expanding, facilitating affordable financing options for diverse commercial property types, particularly amid increasing regulatory demands for sustainability.

Apollo Global Management plans to release its fourth quarter and full year 2021 financial results on February 11, 2022, before NYSE trading opens. The financial review will be accessible via audio webcast at 8:30 AM ET. Following the merger with Athene Holding Ltd. on January 1, 2022, Apollo will revise its non-GAAP performance measures to highlight three segments: Asset Management, Retirement Services, and Principal Investing. New earnings metrics will include Fee Related Earnings and Spread Related Earnings. For updates, sign up on Apollo’s website.

Apollo Debt Solutions BDC (ADS) announced the successful launch of its continuous public offering, breaking escrow with approximately $657 million in equity net proceeds. This marks a significant milestone for ADS, which now has over $1 billion in assets under management. The Fund primarily focuses on directly originated assets, especially large-cap debt securities. Apollo aims to leverage its extensive experience in private credit to offer individual investors greater access to alternative investments.