Welcome to our dedicated page for Apollo Global Management news (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Management stock.
Apollo Global Management, Inc. (NYSE: APO) is a premier alternative investment manager that specializes in private equity, credit, and real estate, with expertise in distressed asset situations. Founded in 1990, Apollo is known for its contrarian, value-oriented investment approach. The company operates across various sectors including chemicals, manufacturing, natural resources, consumer services, financial services, leisure, media, and technology.
As of December 31, 2023, Apollo managed approximately $651 billion in assets. The firm generates the majority of its revenue from its Retirement Services segment through Athene, a leading provider of retirement savings products. Apollo's integrated business model sets it apart, enabling seamless capital deployment across a diverse portfolio.
Recently, Apollo has made significant strides in renewable energy investments. For example, Great Bay Renewables, a joint venture with Apollo funds, entered into a $10.1 million facility with Hexagon Energy to support solar development projects totaling 1,500 MWac in the MISO interconnection queue.
Apollo has also expanded its international footprint through strategic acquisitions and partnerships. The firm recently acquired a majority stake in Panasonic Automotive Systems Corporation, aiming to accelerate growth in the advanced automotive solutions sector. Additionally, Apollo formed a partnership with MassMutual, making MassMutual a minority equity owner in ATLAS SP Partners.
Financially robust, Apollo continues to innovate in capital solutions, having secured transactions like its $1.85 billion acquisition of U.S. Silica Holdings, Inc. This move further diversifies Apollo's investment portfolio and fortifies its presence in the industrial minerals sector.
Apollo Global Management (NYSE: APO) will announce its Q4 and full-year 2020 financial results on February 3, 2021, before NYSE trading begins. The management will discuss these results in a conference call at 8:30 a.m. ET, accessible via phone or webcast. As of September 30, 2020, Apollo managed approximately $433 billion in assets across various sectors. The press release includes forward-looking statements regarding Apollo’s future performance, which are subject to risks including COVID-19 impacts and market conditions.
Intrado Corporation launched the Mosaic customer service platform, leveraging Google Cloud technology and predictive intent machine learning. This AI-powered platform enhances customer interactions by enabling virtual assistants to handle service requests autonomously. Mosaic supports omnichannel communication and is available in a platform-as-a-service model or as a managed service. Intrado aims to provide scalable, intelligent engagement for various industries, improving customer experience and responsiveness.
Takkion Holdings LLC, a portfolio company of Apollo Global Management (NYSE: APO), has acquired Renew Energy, Inc., a leading provider of operations and maintenance solutions in the renewable energy sector. Established in 2009, Renew has built a robust O&M business primarily for the wind power industry, servicing a diverse customer base across the U.S. The integration aims to enhance Takkion's logistics and transportation capabilities, allowing for a comprehensive service offering in managing renewable energy infrastructure.
Apollo Global Management (NYSE: APO) announced a strategic partnership with Anheuser-Busch InBev (NYSE: BUD) to acquire a 49.9% stake in AB InBev’s US metal container plants for about $3 billion. This deal will help AB InBev enhance shareholder value and reduce debt. Apollo aims to leverage its investment expertise to aid AB InBev in optimizing its assets. AB InBev will maintain operational control and has the option to reacquire the stake after five years. This transaction reflects Apollo's capacity to undertake large, complex investments.
Intrado Corporation has announced the acquisition of Asparia, Inc., enhancing its patient engagement solutions for healthcare providers. Asparia's platform integrates with major Electronic Health Record systems, offering automated patient communication workflows and multilingual support. This strategic move aims to improve efficiency for Intrado's 17,000+ healthcare clients. The acquisition position strengthens Intrado's cloud-native offerings in the healthcare sector.
Intrado Corporation has launched Virtual Event Express, a self-service platform that allows users to create fully branded virtual events within hours. This innovation arises from the increasing demand for virtual events and aims to lower the barriers to entry in terms of cost and setup time. Users can take advantage of built-in features like customizable registration, engaging lobbies, multi-track agendas, and robust analytics. The platform integrates easily with existing meeting tools, enhancing user control and scalability for companies of all sizes.
Apollo Global Management (NYSE: APO) announced that Chairman and CEO Leon Black will present at the Goldman Sachs 2020 US Financial Services Conference on December 9, 2020, at 1:20 pm ET. The event will be available via live webcast on Apollo's website, with a replay accessible shortly after. As of September 30, 2020, Apollo manages approximately $433 billion in assets across various industries. For further details, visit Apollo’s official website.
Intrado Corporation announces its third annual summit, A Virtual Event for Communicators, on December 11, 2020, hosted on Intrado’s platform. This free event aims to unify experts in marketing, public relations, and investor relations to share insights from 2020. The summit will feature presentations, panel discussions, and success stories, including the celebration of outstanding virtual events. Key topics will explore future event strategies and IR communications as well as provide networking opportunities for attendees.
Intrado Corporation announced the launch of interactive healthcare communication tools designed specifically for telemedicine, including secure chatbots and virtual visits. Powered by QliqSOFT, these tools are HIPAA-compliant and aimed at enhancing patient-provider interactions. Key features include curbside check-in for patient safety during COVID-19 and virtual visits via SMS or email. Intrado's comprehensive platform is intended to improve communication efficiency and patient outcomes while addressing safety concerns. The solutions aim to connect healthcare providers with patients securely.
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