Apollo Global Management, Inc. is a private equity firm specializing investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions. The firm provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients. It also manages real estate funds and private equity funds for its clients. The firm invests in the fixed income and alternative investment markets across the globe. Its fixed income investments include income-oriented senior loans, bonds, collateralized loan obligations, structured credit, opportunistic credit, non-performing loans, distressed debt, mezzanine debt, and value oriented fixed income securities. The firm seeks to invest in chemicals, commodities, consumer and retail, oil and gas, metals, mining, agriculture, commodities, distribution and transportation, financial and business services, manufacturing and industrial, media distribution, cable, entertainment and leisure, telecom, technology, natural resources, energy, packaging and materials, and satellite and wireless industries. It seeks to invest in companies based in across North America with a focus on United States, and Europe. The firm also makes investments outside North America, primarily in Western Europe and Asia. It employs a combination of contrarian, value, and distressed strategies to make its investments. The firm seeks to make investments in the range of $10 million and $1.5 billion. The firm seeks to invest in companies with Enterprise value between $200 million to $2.5 billion. The firm conducts an in-house research to create its investment portfolio. It seeks to acquire minority and majority positions in its portfolio companies. The firm was formally know as Apollo Global Management, LLC. Apollo Global Management, Inc. was founded in 1990 and is headquartered in New York, New York with additional offices in North America, Asia and Europe
IPO Year:
Exchange: NYSE
Website: apollo.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/19/2024 | $188.00 | Overweight | Piper Sandler |
| 9/25/2024 | $139.00 | Outperform | Wolfe Research |
| 9/12/2024 | $132.00 | Overweight | Wells Fargo |
| 8/27/2024 | $153.00 | Buy | Redburn Atlantic |
| 8/6/2024 | $123.00 | Neutral → Buy | BofA Securities |
| 2/28/2024 | $122.00 | Overweight | JP Morgan |
| 1/4/2024 | $115.00 | Outperform | TD Cowen |
| 12/6/2023 | $108.00 | Outperform | BMO Capital Markets |
| 10/9/2023 | Outperform → Perform | Oppenheimer | |
| 5/19/2023 | $80.00 | Buy | Citigroup |
NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) -- As devastating wildfires continue to impact communities in the Los Angeles metropolitan area, organizations across the country are stepping up to provide crucial support and resources. Companies of all types and sizes are working to spread awareness about their relief initiatives and mobilize assistance for those in need, using press release distribution platforms to reach wider audiences and drive action. Notable relief efforts communicated through GlobeNewswire include: Verizon has committed $1 million in donations, split between the American Red Cross and the Los Angeles Fire Department Foundation, supporting emergency relief efforts and
NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Notified, a global leader in technology solutions for public relations and investor relations professionals, has renewed its national strategic partnership with the Canadian Investor Relations Institute (CIRI) for a third consecutive year. This ongoing collaboration reinforces Notified's commitment to equipping IR professionals with innovative AI-powered tools and cutting-edge resources to streamline workflows, enhance communications and stay ahead in the rapidly evolving financial landscape. The alliance reflects a shared commitment to provide valuable educational initiatives, training programs and peer networking opportunities that benefit CIR
CEO Marc Rowan to Enter Into 5-Year Employment Agreement Extension Jim Zelter Named President of Apollo Global Management John Zito Named Co-President of Apollo Asset Management Alongside Scott Kleinman NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that Jim Zelter has been named President of Apollo Global Management, Inc. (AGM), the holding company for its asset management and retirement services businesses. The newly created role reflects Apollo's continued operational expansion and its significant growth plans across both the Apollo Asset Management, Inc. (AAM) and Athene Holding Ltd. subsidiaries. As President, Zelter will work closely with AGM CEO M
Standard Chartered Acquires Minority Stake in Apterra, an Apollo Platform Specializing in Infrastructure Debt Origination Agreement to Accelerate Capital Formation for Next-Gen Infrastructure and Transition Assets NEW YORK and LONDON, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) and Standard Chartered PLC today announced a long-term strategic partnership to support and accelerate financing for infrastructure, clean transition and renewable energy globally, leveraging the leading origination and distribution capabilities of both firms. As part of the agreement, Standard Chartered and Apollo Clean Transition Capital ("ACT Capital"), a sustainable investing platform, plan to contrib
NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that it has entered into an agreement to acquire Argo Infrastructure Partners ("Argo"), a leading mid-market asset manager targeting essential infrastructure assets in North America, in a stock and cash transaction. At closing, Argo will add approximately $6 billion of high-quality assets to the Apollo infrastructure platform, as well as an experienced team of more than 20 professionals focused on core and core plus infrastructure equity opportunities. Established in 2013, Argo has a successful track record of long-term value creation in digital infrastructure, renewable energy, transportation, utilities and oth
Barnes Group Inc. (NYSE:B) ("Barnes" or "the Company"), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, today announced that its shareholders voted to approve the Company's previously announced acquisition by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) ("Apollo") (the "Apollo Funds") at the Company's Special Meeting of Shareholders (the "Special Meeting"). Under the terms of the merger agreement, subject to the completion of the transaction, Barnes stockholders will receive $47.50 per share in cash for every share of Barnes common stock they own immediately prior to the effective time of the merge
$8.0 billion valuation significantly exceeds management's initial expectationsProceeds to be used to repay up to $3.75 billion of debt and for opportunistic share repurchases of up to $2.25 billionTransaction allows GFL to roll $1.7 billion of equity in a tax efficient structure allowing for significant future value accretionPro forma Net Leverage1 of 3.0x creates greater financial flexibility and accelerates path to investment gradeReduces annualized cash interest by approximately $200 million, significantly improving Adjusted Free Cash Flow1 conversionMaintains synergies between Environmental Services and Solid Waste businessesVAUGHAN, ON, Jan. 7, 2025 /PRNewswire/ - GFL Environmental Inc.
NEW YORK, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) plans to release financial results for the fourth quarter and full year 2024 on Tuesday, February 4, 2025, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via public webcast available on Apollo's Investor Relations website at ir.apollo.com. A replay will be available one hour after the event. Apollo distributes its earnings releases via its website and email lists. Those interested in receiving firm updates by email can sign up for them here. About Apollo Apollo is a high-growth, global alternative asset manager. In our asset management business, we
NEW YORK, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Notified, a globally trusted technology partner for public relations and investor relations professionals, unveiled its new case study demonstrating how GlobeNewswire® can significantly increase blog readership and engagement. By selecting 10 of the lowest-performing blog posts—previously only published on the corporate blog site—and redistributing them through GlobeNewswire, Notified saw a 33% overall increase in views, with the top-performing post achieving a 90% boost. The test included the distribution of concise write-ups paired with engaging visuals driving back to each blog, scheduled at various times to identify optimal distribution wind
NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Notified, a globally trusted technology partner for public relations and investor relations professionals, announced today an exclusive partnership with Torstar Corporation that enables businesses to expand their audience reach in Canada. Beginning in January 2025, Notified clients that select the Canada National distribution circuit on GlobeNewswire® will automatically have their news shared to a dedicated press release page on the Toronto Star and Metroland regional websites. As Canada's largest daily newspaper and a leading multi-platform news organization, the Star reaches 7.7 million people. Combined with Metroland's daily and community
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NEW YORK, Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t
Mubadala and Athene to Participate as Apollo Strategic Partner and Affiliate, Respectively Citi & Apollo Private Credit, Direct Lending Program Marks Largest Relationship of its Kind Citigroup Inc. (NYSE:C) and Apollo (NYSE:APO) today announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies. The program will include participation from Mubadala Investment Company as Apollo's strategic partner as well as Apollo's subsidiary, Athene, both of which will have the opportunity to join
NEW YORK, July 23, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Avantor Inc. (NYSE:AVTR) will replace QuidelOrtho Corp. (NASD:QDEL) in the S&P MidCap 400, and QuidelOrtho will replace Hibbett Inc. (NASD:HIBB) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, July 26. JD Sports Fashion Plc (XLON: JD) is acquiring Hibbett in a deal expected to close soon pending final closing conditions.Schneider National Inc. (NYSE:SNDR) will replace U.S. Silica Holdings Inc. (NYSE:SLCA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 31. Apollo Global Management Inc. (NYS
FundingShield is pleased to announce that John Hedlund has joined its advisory board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429549545/en/John Hedlund - Advisor to FundingShield (Graphic: Business Wire) John Hedlund, founder of Adanac Advisory Group (AAG), a boutique advisory and consulting firm, recently retired from AmeriHome Mortgage, a Western Alliance Bank Company where John was Chief Operating Officer and Managing Director. John was one of the original founders (2013) of AmeriHome and helped lead the sale to Western Alliance Bank in 2021. AmeriHome quickly grew from inception to become the 2nd largest Correspond
NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE:APO) today announced the appointment of Chris McIntyre as Partner, Global Head of the Institutional Client Group and member of the firm's Leadership Team, effective April 15, 2024. Based in New York, he will be responsible for managing the firm's institutional distribution channel. McIntyre joins a talented team that delivered robust third-party inflows of approximately $45 billion in 2023. Apollo Co-Presidents Scott Kleinman and Jim Zelter said, "Institutions around the globe have long formed the bedrock of our leading alternative asset management and retirement services businesses. Chris' deep relationship
NEW YORK, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Apollo Debt Solutions BDC ("ADS" or the "Fund") today announced that it has appointed Eric Rosenberg and Adam Eling as Chief Financial Officer and Chief Operating Officer, respectively, of ADS, effective October 2, 2023. ADS is a non-exchange traded business development company ("BDC") sponsored by affiliates of Apollo (NYSE:APO) that invests primarily in private loans and securities, mainly to large cap, private U.S. companies, and to a lesser extent, middle market U.S. and international companies. Apollo Partner Earl Hunt, Chair and CEO of ADS, said, "We are pleased for Eric and Adam to assume these new roles, building on the Fund's signific
Shutterfly, a leading e-commerce company for personalized products and custom design, today announced the appointment of Jan Paul Teuwen as Senior Vice President and Chief Financial Officer (CFO), effective September 11, 2023. Jan Paul will succeed Mike Eklund, who will be stepping down from the CFO role to pursue other opportunities. "This is an exciting moment for the Shutterfly family of brands as we chart the course for our next phase of strategic growth," said Sally Pofcher, CEO of Shutterfly. "Jan Paul's focus on creating lasting value, combined with his operational know-how and extensive global manufacturing experience, positions us well to embrace the opportunities that lie ahead.
Moleaer appoints new CBO to lead commercial strategy and drive global growth across multiple verticals. Moleaer, a global leader in nanobubble technology, today announced that Hoshang Subawalla has joined the company as its Chief Business Officer, a newly created role that reflects the company's rapid commercial expansion. With more than 18 years of experience in the global water treatment business, Subawalla will oversee Moleaer's commercial strategy, driving revenue growth as the company continues to expand geographically and into new applications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230516005497/en/Hoshang Subawa
NEW YORK, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") today announced former U.S. Senator Patrick Toomey has been appointed to its Board of Directors, effective March 15, 2023. With this appointment, the Apollo Board of Directors will increase to 17 directors, 13 of whom are independent. Mr. Toomey represented Pennsylvania in the U.S. Senate from 2011 to 2023, serving on the Senate Banking, Housing, and Urban Affairs, Budget, and Finance Committees, as well as the Joint Economic Committee and the Joint Select Committee on Deficit Reduction. He chaired the Subcommittee on Financial Institutions and Co
MIDLAND, Texas, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Total Operations and Production Services, LLC ("TOPS", or the "Company") today announced that L.D. Green, Founder and Chief Executive Officer, has elected to retire and transition to serving as Chairman of the Company's Board of Directors. The Board of Directors has appointed Brian Green, formerly Chief Operating Officer of TOPS who has been with the Company since 2006, to succeed L.D. Green as Chief Executive Officer. Since its founding in 1996, TOPS has transformed under L.D. Green's leadership to what is today the leading provider of environmentally friendly, electric-drive compressors under contract to top-tier customers in the Permian
Standard Chartered Acquires Minority Stake in Apterra, an Apollo Platform Specializing in Infrastructure Debt Origination Agreement to Accelerate Capital Formation for Next-Gen Infrastructure and Transition Assets NEW YORK and LONDON, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) and Standard Chartered PLC today announced a long-term strategic partnership to support and accelerate financing for infrastructure, clean transition and renewable energy globally, leveraging the leading origination and distribution capabilities of both firms. As part of the agreement, Standard Chartered and Apollo Clean Transition Capital ("ACT Capital"), a sustainable investing platform, plan to contrib
$8.0 billion valuation significantly exceeds management's initial expectationsProceeds to be used to repay up to $3.75 billion of debt and for opportunistic share repurchases of up to $2.25 billionTransaction allows GFL to roll $1.7 billion of equity in a tax efficient structure allowing for significant future value accretionPro forma Net Leverage1 of 3.0x creates greater financial flexibility and accelerates path to investment gradeReduces annualized cash interest by approximately $200 million, significantly improving Adjusted Free Cash Flow1 conversionMaintains synergies between Environmental Services and Solid Waste businessesVAUGHAN, ON, Jan. 7, 2025 /PRNewswire/ - GFL Environmental Inc.
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
MANHATTAN, N.Y., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Relevate Power ("Relevate"), a leader in the redevelopment of run-of-river hydropower assets, announced its acquisition of Gravity Renewables, with financing provided by funds managed by Apollo (NYSE:APO). The acquisition adds 40 MW of high-quality assets to Relevate Power's portfolio, more than doubling the company's power generation capacity and bringing on board an experienced operating team. This acquisition strengthens Relevate Power's footprint in the Northeastern United States, where the company's 21 legacy plants are located, and where it plans to locate its new remote operations center. Along with Gravity's 15 hydroelectric plant
Addition of high-volume call answering capabilities bolsters Message Broadcast's customer engagement software portfolio for the utility sector Message Broadcast, a leading provider of customer engagement software for the electric utility industry, has acquired the utilities business from West Technology Group's CX360 division ("West Utilities"). Following the previously announced acquisitions of AGENT511 and i2sms, this transaction reflects Message Broadcast's commitment to building, acquiring, and integrating the best customer engagement solutions, purpose-built for the utility industry. The terms of the transaction were not disclosed. Since 1989, utilities have relied on the call over
NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") today reported results for the third quarter ended September 30, 2024. Marc Rowan, Chief Executive Officer at Apollo said, "Our strong third quarter results reflect broad-based momentum across the platform. We are building a next-generation financial services business uniquely positioned to win across massive market opportunities, and we are excited to execute on the attractive growth plan unveiled at our recent Investor Day." Apollo issued a full detailed presentation of its third quarter ended September 30, 2024 results, which can be viewed o
WEST DES MOINES, Iowa, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Athene Holding Ltd. ("Athene"), a leading retirement services company and subsidiary of Apollo Global Management, Inc. (NYSE:APO), announced it will host a Fixed Income Investor conference call on Thursday, November 14, 2024 at 10:00AM ET. The call will feature members of Athene's senior management team, who will provide an update on current business trends, new business origination, the investment portfolio, and capital. An accompanying presentation, live webcast, and webcast replay will be available on the Investor Relations section of Athene's website at ir.athene.com. Conference Call Details:Dial-in: Toll-free at 877-404-1236
Barnes Shareholders to Receive $47.50 Per Share in Cash Barnes Group Inc. (NYSE:B) ("Barnes" or "the Company"), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) ("Apollo") (the "Apollo Funds") in an all-cash transaction that values Barnes at an enterprise value of approximately $3.6 billion. The agreement provides that Barnes shareholders will receive $47.50 per share in cash. The per share purchase price represents a premium of approximately 22% over Barnes' undisturbed c
NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") today reported results for the second quarter ended June 30, 2024. Marc Rowan, Chief Executive Officer at Apollo said, "We generated record fee related earnings in the second quarter behind particularly strong momentum in Asset Management. The business produced record levels of quarterly debt origination, gross capital deployment, and third-party fundraising excluding flagship private equity. In Retirement Services, Athene's compelling profitability is attracting significant amounts of third-party capital to support continued growth following the
Companies to Move Forward Under Private Ownership Everi Stockholders to Receive $14.25 Per Share in Cash, Representing a Significant Premium for Stockholders; IGT to Receive $4.05 Billion of Gross Cash Proceeds LONDON and LAS VEGAS, July 26, 2024 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") and Everi Holdings Inc. (NYSE:EVRI) ("Everi") today announced that they have entered into definitive agreements whereby IGT's Gaming & Digital business ("IGT Gaming") and Everi will be simultaneously acquired by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) ("Apollo") (the "Apollo Funds") in an all-cash transaction
Piper Sandler initiated coverage of Apollo Global Management with a rating of Overweight and set a new price target of $188.00
Wolfe Research initiated coverage of Apollo Global Management with a rating of Outperform and set a new price target of $139.00
Wells Fargo initiated coverage of Apollo Global Management with a rating of Overweight and set a new price target of $132.00
Redburn Atlantic initiated coverage of Apollo Global Management with a rating of Buy and set a new price target of $153.00
BofA Securities upgraded Apollo Global Management from Neutral to Buy and set a new price target of $123.00
JP Morgan resumed coverage of Apollo Global Management with a rating of Overweight and set a new price target of $122.00
TD Cowen initiated coverage of Apollo Global Management with a rating of Outperform and set a new price target of $115.00
BMO Capital Markets resumed coverage of Apollo Global Management with a rating of Outperform and set a new price target of $108.00
Oppenheimer downgraded Apollo Global Management from Outperform to Perform
Citigroup initiated coverage of Apollo Global Management with a rating of Buy and set a new price target of $80.00