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 (APO) delivers alternative asset management solutions through private equity, credit strategies, and retirement services. This dedicated news hub provides investors with essential updates on corporate developments, strategic initiatives, and market positioning.
Access real-time announcements including earnings reports, merger & acquisition activity, leadership updates, and partnership agreements. Our curated collection ensures stakeholders stay informed about APO's global investments across industries like technology, natural resources, and financial services.
Key updates cover capital deployment strategies, retirement services innovations through Athene, and cross-sector investment performance. Bookmark this page for reliable information directly supporting informed analysis of APO's market activities and long-term value creation.
Apollo Global Management (NYSE: APO) announced that co-founder Marc Rowan will present at the Credit Suisse Financial Services Forum on February 24, 2021, at 1:50 p.m. ET. The presentation will be available via a live audio webcast on Apollo's Stockholders section of their website. A replay will be accessible shortly after the event for those unable to attend live. Apollo, a leading global alternative investment manager, had $455 billion in assets under management as of December 31, 2020, specializing in credit, private equity, and real assets across nine industries.
Apollo Global Management announced the appointment of Jay Clayton as Lead Independent Director, effective March 1, 2021. Clayton's extensive experience includes serving as SEC Chair from 2017-2020, focusing on market integrity and investor protection. His appointment aligns with Apollo's ongoing governance enhancements, alongside the addition of independent directors Pamela Joyner and Siddhartha Mukherjee. The firm aims to improve shareholder structure and governance standards, including evaluating a one share/one vote structure.
Apollo Global Management (NYSE: APO) and Athene Holding Ltd. (NYSE: ATH) announced the sale of their subsidiary AmeriHome Mortgage Company to Western Alliance Bancorporation (NYSE: WAL). This strategic move follows AmeriHome's significant growth from inception in 2013 to becoming the nation's third-largest correspondent mortgage acquirer, with a servicing portfolio of $98.8 billion as of December 31, 2020. The purchase price reflects approximately 1.4 times AmeriHome's adjusted tangible book value. The transaction is expected to close in Q2 2021, pending regulatory approvals.
Apollo Global Management (APO) has successfully closed on approximately $2.34 billion in commitments for its Apollo Accord Fund IV, raising total assets to $4.1 billion over the past ten months. Fund IV investors include existing limited partners and new global institutions seeking credit investments during market volatility. Apollo's Accord strategy serves as a liquidity provider, focusing on high-quality secured credit risk. With over $6.3 billion in assets under management for dislocation opportunities, Apollo positions itself to capitalize on market volatility.
Spartan Acquisition Corp. III has successfully completed its initial public offering (IPO), raising $552 million by offering 55,200,000 units at $10.00 each. This includes a full option exercise by underwriters for an additional 7,200,000 units. The units, trading under the symbol 'SPAQ.U', consist of one share of Class A common stock and a redeemable warrant. The transaction was managed by Credit Suisse, Citigroup, and Cowen. Spartan aims to focus on mergers and acquisitions in North America's energy sector, specifically targeting energy transition and sustainability.
Intrado Corporation has launched the Emergency Data Broker, a groundbreaking solution that enhances information delivery between IoT devices and 911 emergency responders. This innovation aims to expedite the dispatch process during emergencies by providing critical data without requiring upgrades to existing 911 infrastructure. Partnering with several IoT service providers, Intrado's platform facilitates the rapid access of incident information to dispatchers. The initiative seeks to improve public safety by leveraging IoT data to save lives and protect property.
Apollo Global Management announced a commitment to invest up to $470 million of preferred equity in US Acute Care Solutions (USACS), aiming to facilitate a full recapitalization of the company while maintaining physician ownership. This investment will allow USACS to expand its operations and enhance growth opportunities. Apollo will also appoint two representatives to USACS' Board of Directors. The transaction is subject to customary closing conditions and is expected to finalize in Q1 2021.
On February 8, 2021, Spartan Acquisition Corp. III announced the pricing of its IPO, offering 48 million units at $10.00 each. The units will trade on the NYSE under the symbol 'SPAQ.U' from February 9, 2021. Each unit includes one share of Class A common stock and one-fourth of a redeemable warrant, allowing purchase of additional stock at $11.50. The offering closes on February 11, 2021. Underwriters, including Credit Suisse and Citigroup, may purchase an additional 7.2 million units. Spartan focuses on energy value chain opportunities in North America, aligned with sustainability themes.
Spartan Acquisition Corp. III has initiated its IPO, offering 40 million units at $10 each, with an option for underwriters to purchase up to 6 million additional units. Each unit includes one share of Class A common stock and a quarter warrant for future purchase at $11.50. The offering will trade on the NYSE under the ticker 'SPAQ.U.' Managed by Credit Suisse, Citigroup, and Cowen, this IPO aims to focus on the energy sector in North America, particularly aligned with energy transition and sustainability themes. The registration with the SEC is pending effectiveness.
Apollo Global Management (NYSE: APO) reported strong results for the fourth quarter and full year ended December 31, 2020, with assets under management (AUM) increasing by $124 billion, or 38%, to $455 billion. The firm declared a cash dividend of $0.60 per Class A share for Q4, payable on February 26, 2021. Apollo is enhancing corporate governance and has named Marc Rowan as the new CEO. Despite market volatility, Apollo achieved record inflows and investments, showcasing the resilience of its business model.
