Apollo Global Management, Inc. - APO STOCK NEWS

Allego Holding B.V. will present at the 24th Annual Needham Growth Conference on January 13 at 12:30 PM ET. The event will highlight Allego’s progress in electric vehicle charging solutions across Europe, where it operates over 26,000 charge points. The company is set to become publicly traded through a business combination with Spartan Acquisition Corp. III (NYSE: SPAQ). This merger aims to enhance Allego's capacity to deliver reliable and accessible charging solutions, positioning it as a key player in the EV market.

Apollo (NYSE: APO) has appointed Louis-Jacques Tanguy as Chief Accounting Officer and Controller, effective January 11, 2022. Tanguy joins from Deutsche Bank, where he was Managing Director, with over 13 years of experience in finance. Apollo's CFO, Martin Kelly, stated that Tanguy's expertise in business finance and accounting will contribute to the company's strategic growth. Apollo, a leading alternative asset manager, manages approximately $481 billion in assets as of September 30, 2021, focusing on various investment strategies.

Apollo (NYSE: APO) has successfully closed its second dedicated infrastructure fund, Apollo Infrastructure Opportunities Fund II LP (AIOF II), with about $2.54 billion in capital commitments. The fund will invest in mid-market infrastructure assets, focusing on communications, power and renewables, and transportation. Apollo has a strong track record, having invested over $20 billion in infrastructure over 30 years. Recent investments include projects in renewable energy and telecommunications, indicating a commitment to sustainable growth and innovation in infrastructure.

Intrado Corporation has acquired Permission Click, enhancing its leadership in K-12 education technology. This strategic acquisition integrates Permission Click’s digital workflow solutions into Intrado Life & Safety’s SchoolMessenger suite, improving efficiency and compliance for schools. The acquisition aims to accelerate digital transformation in education, reducing manual processes for teachers and parents. As part of this transition, Permission Click’s team will join Intrado to support ongoing technology development and innovation.

Apollo Global Management and Athene have successfully completed their merger, creating a company with an expected market capitalization of $43 billion. The merger aims to enhance growth and deliver diversified earnings through a unified platform known as ‘One Apollo’. Over the next five years, Apollo plans to generate $15 billion of deployable capital and double its fee-related earnings. The restructuring offers a more liquid trading profile, potentially attracting a broader investor base and facilitating inclusion in the S&P 500 index.

Apollo has closed a $816 million convertible equity financing agreement with NextEra Energy Partners for a 2.5 GW renewable energy portfolio. This transaction showcases Apollo's infrastructure expertise and strategic partnerships in supporting the clean energy transition. The portfolio includes 13 utility-scale wind and solar assets across nine states, backed by long-term power purchase agreements with stable counterparties. It highlights Apollo's active role in alternative investments within the energy sector, aligned with its institutional partners to redeploy capital into renewable opportunities.

iCapital Network announced a successful $50 million funding round led by WestCap, with new investments from Apollo (NYSE: APO) and Temasek. This funding values iCapital at over $6 billion and aims to enhance its technology platform, expand investment strategies, and pursue strategic acquisitions. Since July 2021, iCapital has seen significant growth, managing over $104 billion in assets, with international clients contributing $22 billion. The company is transforming access to alternative investments for high-net-worth individuals.

Athene Holding Ltd. has announced an agreement to acquire Petros PACE Finance, a leader in Commercial Property Assessed Clean Energy (C-PACE) financing, for commercial properties in the U.S. The acquisition aims to enhance Athene's direct origination platform and meet the rising demand for ESG assets. Petros has financed over $700 million in projects since 2016, including the largest C-PACE transaction of $89 million in NYC. The deal is expected to close in Q1 2022 and will be managed by Apollo, Athene's strategic partner.

Apollo has successfully acquired Kem One Group, a prominent European PVC producer, from De Krassny GmbH. This acquisition enables Kem One to enhance its production operations across its eight industrial sites in France and Spain. Apollo aims to modernize Kem One's production and expand its growth strategy, focusing on customer service and sustainability. Kem One's CEO, Frédéric Chalmin, will remain at the helm, driving significant industrial projects, including an ethylene storage terminal and plant modernization.