Core Insights - Apollo has announced an agreement to acquire Argo Infrastructure Partners, a mid-market asset manager focused on essential infrastructure assets in North America, in a stock and cash transaction [1][4] - The acquisition will add approximately $6 billion of high-quality assets to Apollo's infrastructure platform and enhance its capabilities in core and core plus infrastructure equity opportunities [1][2] Company Overview - Argo Infrastructure Partners, established in 2013, has a successful track record in sectors such as digital infrastructure, renewable energy, transportation, and utilities [2][8] - The firm manages over $6 billion in assets and focuses on delivering long-term value through responsible and sustainable investing [8] Strategic Alignment - The acquisition is expected to broaden Apollo's Sustainability & Infrastructure strategies and enhance its origination capabilities in key sectors, particularly digital infrastructure and energy transition [2][4] - Apollo's global reach and resources are seen as complementary to Argo's mission of delivering innovative investment strategies in a vital sector [3][4] Financial Impact - The transaction is anticipated to be modestly accretive to Apollo's fee-related earnings in 2026 [4] - The deal is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in the second quarter of 2025 [4]

Group 1 - Apollo Global Management LLC (APO) aims to expand its Asia wealth business in Japan by hiring ten new employees and plans to double its staffing in the region over the next two years [1][2] - The Private Wealth business, launched in 2022, has raised nearly $5 billion from wealthy investors in Asia and is expected to be a key growth driver for Apollo in Japan [1][2] - The company targets raising at least $150 billion for its global wealth business by 2029 [1] Group 2 - Japan's private equity market is experiencing significant growth, with the country accounting for 30% of total private equity deal value in the Asia-Pacific region in 2023, a substantial increase from a 7% average over the previous five years [3] - In 2023, Japan recorded a 23% year-over-year increase in deal value, totaling approximately $123 billion [3] - Factors such as improved corporate governance and a weaker yen have contributed to Japan's attractiveness for investment, coinciding with a boom in dealmaking over the past two years [4] Group 3 - Over the past six months, APO shares have increased by 36.8%, outperforming the industry average rise of 26.5% [5] - Apollo currently holds a Zacks Rank of 3 (Hold) [6]

Core Viewpoint - GFL Environmental Inc. has entered into a definitive agreement to sell its Environmental Services business for an enterprise value of $8.0 billion, retaining a $1.7 billion equity interest and expecting net cash proceeds of approximately $6.2 billion after taxes and retained equity [1][4]. Financial Impact - GFL plans to use up to $3.75 billion of the net proceeds to repay debt, with up to $2.25 billion allocated for share repurchases, subject to market conditions [2][4]. - The transaction is expected to result in a pro forma Net Leverage of 3.0x, enhancing financial flexibility and accelerating the path to an investment-grade credit rating [2][4]. - The repayment of debt is anticipated to reduce annualized cash interest expense by approximately $200 million, significantly improving free cash flow conversion [3][4]. Strategic Benefits - The sale is viewed as a testament to the quality of GFL's Environmental Services business, exceeding initial expectations [3][4]. - GFL retains an equity interest in the Environmental Services business, allowing participation in future value creation while monetizing the business in a tax-efficient manner [3][5]. - The transaction maintains synergies between GFL's Environmental Services and Solid Waste businesses, positioning GFL for future growth opportunities [4][5]. Transaction Details - GFL will retain a 44% equity interest in the Environmental Services business, while Apollo Funds and BC Partners will each hold a 28% equity interest [5]. - The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions [5][6]. - The board of directors unanimously approved the transaction based on a fairness opinion from an independent financial advisor [6].

Apollo Global Management, Inc. (APO) and its subsidiary, Athene Holding Ltd., reported preliminary estimates of the company’s alternative net investment income for the fourth quarter of 2024.Alternative net investment income is a component of spread related earnings, which is used to assess the performance of the company's Retirement Services segment.APO’s Preliminary Net Investment Income DetailsThe company estimates alternative net investment income to be nearly $265 million (pre-tax) for the fourth quart ...

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. Tho ...

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 ...

LONDON, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Apollo Art Auctions delivered a stellar performance with a trio of auctions held on December 14th and 15th, achieving record-breaking sales and surpassing pre-sale estimates in their Fine Ancient Art & Jewellery – The prince collection sale. The auctions had set a bar in the antiquities market.  A Media Snippet accompanying this announcement is available by clicking on this link. Highlights from the Fine Ancient Art & Antiquities Sale: Lot 179: A Roman over life-si ...

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 regi ...

The broader benchmark S&P 500 will soon undergo its quarterly rebalancing on Dec. 23. This involves dropping certain stocks from the index and adding others to replace them. Changes help keep any particular index more reflective of its underlying market cap. The S&P 500 comprises large-cap companies with market caps over $10 billion that fulfill a certain set of criteria. Joining an index can be a catalyst because funds and investors that track the index essentially have to buy the stock, leading to inflows ...

The alternative and private capital asset management industry is growing strongly. From 2023 to 2028, PricewaterhouseCoopers expects alternative assets under management to grow by nearly $8 trillion. That represents a compound annual growth rate (CAGR) of just under 7%. This may not sound all that impressive, but in relative terms, it is. That 7% rate outpaces the CAGR predicted for non-alternative assets by around 1%. Due to this, it is important to be aware of firms that are key players in this space. Thi ...