Tag: Apollo Global Management

Apollo Global Management Bounces Back In 3Q

Apollo Global Management Bounces Back In 3Q

Apollo Global Management has announced attributable net income of $198.6 million during 3Q 2017, or $1 per share, blowing past reported analyst expectations of 61 cents per share and representing a YoY increase of nearly 110%. Apollo’s economic net income, […]

Apollo’s Record-Breaking Fund IX Up To $24.6B

Apollo’s Record-Breaking Fund IX Up To $24.6B

Apollo Global Management has raised nearly $24.6 billion for Apollo Investment Fund IX, the largest buyout fund in history, with an SEC filing indicating a target of just over $24.7 billion. The buyout firm is said to have raised the […]

Apollo Gears Up For Giant ADT IPO

Apollo Gears Up For Giant ADT IPO

Apollo Global Management has reportedly initiated plans to take ADT public in an IPO that could value the provider of home security systems at more than $15 billion, including debt; the firm could file paperwork by the fall and officially […]

Apollo Goes West In $5.1 Billion Deal

Apollo Goes West In $5.1 Billion Deal

After reports emerged last week of an approaching deal, Apollo Global Management has made it official: The firm has announced its acquisition of West (NASDAQ: WSTC), a provider of communication and network infrastructure services, for $23.50 per share, equating to […]

Apollo Global Management Closing In On $20 Billion Fund

Apollo Global Management Closing In On $20 Billion Fund

Apollo Global Management could finish collecting commitments on a new $20 billion buyout fund by May, according to Bloomberg. Fundraising for what would be the biggest PE vehicle since the financial crisis reportedly began in December. The firm’s previous flagship […]

Apollo Global Management Backs $2.8 Billion Fintech Merger

Apollo Global Management Backs $2.8 Billion Fintech Merger

Apollo Global Management portfolio company Novitex has agreed to merge with SourceHOV and Quinpario Acquisition II (NASDAQ: QPAC), a special-purpose acquisition vehicle, to create a new company called Exela Technologies, which will provide fintech and other business services to customers […]

Apollo Earnings Rocket Upward In 4Q

Apollo Earnings Rocket Upward In 4Q

Apollo Global Management has announced economic net income of $394.1 million for 4Q 2016, equivalent to 98 cents per share, marking a much larger increase in the value of the firm’s portfolio than industry analysts expected and representing a nearly […]