NYSE:APO

Apollo Global Management announced that its funds have agreed to acquire the interiors business unit of Forvia in a carve-out transaction.

The business is a major global supplier of automotive interior systems, including instrument panels, door panels, and center consoles, serving a broad range of leading automotive OEMs across Europe, North America, and Asia.

Apollo plans to establish the unit as a standalone company, aiming to capitalize on industry trends such as increasing demand for advanced cabin design, premium materials, and integrated technologies in vehicles.

The transaction is expected to close in the second half of 2026, subject to regulatory approvals and customary conditions. Financial terms were not disclosed.

The deal reflects Apollo’s continued investment focus in the automotive sector and its strategy of transforming businesses through carve-outs and operational improvements.

Source: Globe Newswire
Apollo Global Management announced that its funds will acquire a 40% stake in Pembina Gas Infrastructure from KKR, marking a strategic investment in one of Western Canada’s largest natural gas processing platforms. Pembina Pipeline Corporation will retain its 60% ownership and continue operating the business.

Pembina Gas Infrastructure operates extensive assets, including gas processing plants and pipeline networks, with a capacity of about five billion cubic feet per day. The transaction is expected to support further expansion of the platform as demand for energy infrastructure grows across North America.

The deal is anticipated to close by the end of the second quarter of 2026, subject to customary conditions.

Source: GlobeNewswire
McKesson Corporation announced that funds managed by Apollo Global Management will acquire a minority stake in its Medical-Surgical Solutions (MMS) business as part of its planned separation strategy.

Apollo will invest $1.25 billion in convertible preferred equity for an approximately 13% stake, valuing the MMS unit at around $13 billion. McKesson will retain majority ownership and operational control while preparing the business for a future initial public offering.

The transaction is positioned as a key step in McKesson’s broader plan to spin off MMS into a standalone company, with Apollo providing strategic and financial support to facilitate the transition and future growth.

The deal is subject to regulatory approvals and customary closing conditions.
Business Wire
Intel announced it will repurchase a 49% stake in its Ireland-based Fab 34 joint venture from Apollo for $14.2 billion.

The move reverses a 2024 transaction in which Apollo invested $11.2 billion for the stake, providing Intel with financial flexibility at the time. The buyback reflects Intel’s improved balance sheet and evolving strategy as demand for AI-driven computing continues to grow.

The transaction will be funded through a combination of cash and approximately $6.5 billion in new debt issuance. Intel expects the deal to be accretive to earnings per share and to strengthen its credit profile over the long term.

Fab 34 in Ireland remains a key part of Intel’s global manufacturing network, supporting advanced chip production for AI and next-generation processors.
Business Wire
Apollo to Announce First Quarter 2026 Financial Results on May 6, 2026
Apollo Sports Capital, an affiliate of Apollo Global Management, has completed its investment to become the majority shareholder of Spanish football club Atlético de Madrid.

Under the agreement, existing leadership will remain in place, with Miguel Ángel Gil continuing as CEO and Enrique Cerezo as chairman. Quantum Pacific Group will remain the second-largest shareholder, while Ares funds will also retain stakes in the club.

As part of the transaction, shareholders approved a capital increase of up to €100 million to support investments in Atlético’s teams and infrastructure projects, including the development of the Ciudad del Deporte sports district. Apollo said the investment aims to strengthen the club’s long-term financial position and competitiveness.
Globe Newswire
Apollo announced that funds managed by the firm have provided $500 million in investment-grade senior secured private placement financing to ATSOL Global IFSC Limited, a subsidiary of Adani Energy Solutions.

The financing will primarily be used to refinance bonds maturing in 2026 and to strengthen the company’s balance sheet as it continues investing in power transmission infrastructure across India. ATSOL operates regulated transmission assets within Adani Energy Solutions’ network in western and northern India.

Apollo said the investment reflects its strategy of providing long-term capital to infrastructure projects in high-growth markets, highlighting India as a key region for future opportunities in energy and infrastructure development.

Globe Newswire
Apollo Global Management announced plans to launch its first Long-Term Asset Fund (LTAF) in the United Kingdom after receiving authorization from the Financial Conduct Authority. The new fund, CG Apollo Global Diversified Credit LTAF, is designed to give UK defined contribution pension schemes access to a diversified global credit portfolio focused primarily on private credit, including investment-grade private lending, large-cap corporate loans and asset-backed finance.

The semi-liquid fund structure aims to provide pension plans with institutional-quality private market exposure while maintaining liquidity suitable for defined contribution retirement products. Apollo said the strategy seeks to enhance diversification, provide strong income potential and improve risk-adjusted returns for retirement savers.

The fund is the first under Apollo’s broader Private Markets LTAF platform and reflects the firm’s push to expand private market investment opportunities within defined contribution retirement systems. Apollo noted that growing retirement savings gaps and increasing concentration in public markets are driving demand for private market solutions among pension plans in the UK, Europe and the United States.
Globe Newswire
Apollo invests $1 billion in hybrid capital for Aldar

Apollo announced that Apollo-managed funds have invested $1 billion in subordinated hybrid notes issued by Aldar Properties PJSC, a leading UAE-based real estate developer and investment manager.

The transaction marks Apollo’s fifth investment in Aldar since 2022, bringing total commitments between the parties to approximately $2.9 billion. The proceeds will support Aldar’s balance sheet flexibility and growth strategy, including landbank replenishment, expansion of its develop-to-hold portfolio and strategic acquisitions.

The deal is one of the largest foreign direct investments in Abu Dhabi’s private sector and the region’s largest corporate hybrid private placement. It also represents another transaction for Apollo’s High Grade Capital Solutions business, which provides customized, long-dated capital to global corporates.

As of December 31, 2025, Apollo had approximately $938 billion in assets under management.

Globe Newswire
Apollo Global Management released a letter to clients and partners addressing renewed media attention regarding past connections to Jeffrey Epstein.

The firm reiterated that in 2020 it conducted an independent and transparent investigation into any relationships with Epstein, and that there is no new information beyond what was previously disclosed. Apollo stated that neither CEO Marc Rowan nor any other Apollo personnel—excluding co-founder Leon Black—had business or personal relationships with Epstein.

Apollo confirmed that Black, who departed the firm in 2021, had previously retained and compensated Epstein for personal tax advice. In limited cases, Marc Rowan and other employees provided information to Epstein related to that tax work. The firm said any attempts by Epstein to pursue work with Apollo co-founders other than Black were declined.

Apollo emphasized its commitment to transparency and stated it remains focused on delivering for investors amid market volatility.

Source: Globe Newswire.
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