NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that Apollo-managed Funds ("Apollo Funds" or the "Funds") have agreed to sell 65.2 million common equity shares in Vallourec SA (Euronext: VK; "Vallourec", the "Company"), a value-added manufacturer of premium tubular steel products, for €14.64 per share to ArcelorMittal. The shares sold represent a 28.4% equity interest1 in Vallourec and a total transaction value of approximately €955 million, and upon close will mark the Apollo ...

MOBILE, Ala., March 12, 2024 (GLOBE NEWSWIRE) -- TeleVox, the industry-leading provider of omnichannel patient relationship management platforms, is helping physicians keep their schedules filled and patients happy with the introduction of Practice Edition. TeleVox Practice Edition offers a suite of services designed specifically to help physicians and their staff overcome common industry challenges, including inefficient scheduling processes, poor communication, low retention, and reputation management. "C ...

NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- Notified, a globally trusted technology partner for public relations, investor relations, and marketing professionals, today announced recent enhancements to its PR Platform, equipping PR practitioners with the cutting-edge tools and data insights needed to tell impactful stories, better manage the corporate narrative, and report campaign results to leadership. Notified also launched a PR Platform app, conveniently delivering Notified's media monitoring and socia ...

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 ...

ORLANDO, Fla., March 05, 2024 (GLOBE NEWSWIRE) -- TeleVox will showcase how its industry-leading omnichannel patient relationship management platforms address all stages of the patient journey to support better outcomes and experiences at HIMSS 24 (booths 5167 and 5678-02), held March 11-15 at the Orange County Convention Center in Orlando. Show attendees can hear directly from Vijay Verma, Vice President, Product, in a speaking session titled, "Taking Patient Relationships to the Next Level in 2024." In th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-41197 APOLLO GLOBAL MANAGEMENT, INC. (Exact name of registrant as specified in its charter) Delaware 86-3155788 (State or other juri ...

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced that it has completed the sale of its 20% equity interest in Energos Infrastructure (“Energos”) to funds managed by Apollo (NYSE: APO) (the “Apollo Funds”). The Company intends to use net proceeds from this transaction for general corporate purposes, including repaying debt and investing in accretive downstream projects. Energos is a global maritime infrastructure company formed by NFE and Apollo Funds in August 2 ...

Investors with an interest in Financial - Investment Management stocks have likely encountered both Federated Hermes (FHI) and Apollo Global Management Inc. (APO) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zack ...

NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that industry veteran Harry Seekings has been named Co-Head of Infrastructure at Apollo, effective March 11, 2024. Seekings will work alongside Olivia Wassenaar, Head of Sustainability and Infrastructure. Apollo Co-President Scott Kleinman said, "We are pleased that Harry will join Apollo as Co-Head of Infrastructure. With over 25 years of industry experience, Harry has a proven track record and tested ability to grow and manage t ...

Financial Data and Key Metrics Changes - In 2023, Apollo Global Management reported record adjusted net income of $4.1 billion, or $6.74 per share, with fee-related earnings (FRE) and spread-related earnings (SRE) growing more than 25% to a record $4.9 billion [5][31] - The company achieved a 200 basis points margin expansion, with assets under management (AUM) hitting a record $651 billion and inflows totaling $160 billion [10][31] - GAAP earnings totaled $2.9 billion for Q4 and $5.1 billion for the full year, maintaining eligibility for S&P 500 index inclusion [41] Business Line Data and Key Metrics Changes - The asset management business achieved a 25% growth in FRE, while SRE grew by 26% in retirement services [31] - Athene, a key segment, had record inflows of $66 billion, contributing to total organic inflows of $107 billion across the platform [22][31] - The direct origination portfolio appreciated by 20% over the full year, with hybrid strategies returning more than 15% [21] Market Data and Key Metrics Changes - The company noted a shift in institutional investor focus towards asset classes offering current income and inflation protection, particularly in credit, infrastructure, and sustainability [24] - The retirement market is seen as a significant opportunity, with a potential opening for private investments in 401(k) plans [43][44] Company Strategy and Development Direction - Apollo aims to scale origination from approximately $100 billion annually to between $200 billion and $250 billion over the next five years, emphasizing the importance of origination for growth [17][50] - The company is focused on building out its high net worth coverage and expanding its product offerings, particularly in private credit and hybrid investment solutions [18][26] - Management highlighted the need to adapt to changing market dynamics and investor preferences, particularly regarding private investments [12][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued momentum in 2024, expecting to raise approximately $120 billion of capital organically, representing a 20% increase [23] - The company anticipates low double-digit growth in SRE for 2024, driven by organic inflows and a favorable interest rate environment [38] - Management acknowledged the need to focus on high-quality growth rather than merely increasing volume, emphasizing the importance of sustainable business practices [62] Other Important Information - The company announced a 7.5% increase in the annual dividend to $1.85 per share, beginning in Q1 2024 [40] - A new presentation format was introduced to separate SRE excluding notable items, reflecting industry trends [32] Q&A Session Summary Question: Insights on the 401(k) market and competitive landscape in wealth management - Management sees an opening in the 401(k) market for private products, driven by a shift in risk mentality and a focus on guaranteed lifetime income [43][44] Question: Return differential in alternatives and performance issues - The performance of Athene's alternatives portfolio was slightly below expectations, primarily due to underperformance in certain insurance stakes [48] Question: Clarification on origination targets and growth strategy - The company aims to increase origination significantly to meet the needs of institutional investors and high-net-worth clients, focusing on scaling existing platforms [50][56] Question: Capital allocation strategy and share buybacks - Management plans to prioritize organic growth and immunize employee stock issuance, with share buybacks dependent on market conditions and realizations [66]