Apollo Global Management is nearing a game-changing $2 billion deal to acquire aerospace components manufacturer Barnes Group, a move that could dramatically reshape the aerospace industry, according to a report from Reuters. This acquisition underscores Apollo’s ambition to expand its portfolio into aerospace, marking a significant strategic shift for the investment giant. The potential merger […]
Apollo Global Management Inc. has announced that funds managed by the company, referred to as the “Apollo Funds,” will acquire a non-controlling stake in bp Pipelines TAP Limited, a subsidiary of bp that holds a 20% share in Trans Adriatic Pipeline AG (TAP). The transaction, valued at around $1 billion, allows Apollo to gain exposure […]
Bausch + Lomb saw its stock surge by 13% in Toronto, trading at 24.01 Canadian dollars (around $17.67), following a report by the Financial Times suggesting the eye care company is considering a sale. The possible sale is being considered as a way to separate from its heavily indebted parent company, Bausch Health Companies Inc. […]
The Biden-Harris administration has marked a significant milestone in its offshore wind development efforts by approving US Wind Inc.’s Maryland Offshore Wind Project, the nation’s tenth commercial-scale offshore wind energy project. The approval aligns with the administration’s goal of deploying 30 gigawatts (GW) of offshore wind energy by 2030, with over 15 GW already approved, […]
International Game Technology PLC (NYSE: IGT) and Everi Holdings Inc. (NYSE: EVRI) have announced a monumental deal that will see both companies acquired by a newly formed holding company, funded by affiliates of Apollo Global Management, Inc. (NYSE: APO). Valued at approximately $6.3 billion, the all-cash transaction will integrate International Game Technology’s Gaming & Digital […]
Air France-KLM has secured an investment commitment of €500 million from Apollo Global Management for an ad hoc operating affiliate which will own a pool of spare engines dedicated to the Franco-Dutch airline’s engineering and maintenance activities. In this connection, Air France-KLM and Apollo Global Management have signed a definitive agreement. The investment will be […]
Mitsubishi Materials has agreed to sell its subsidiaries Universal Can Corporation (UNICAN) and Mitsubishi Aluminum to Showa Aluminum Can, which is owned by funds managed by affiliates of US-based Apollo Global Management. The Japanese company also announced its decision to separate the aluminum rolling and processing business from Mitsubishi Aluminum into Showa Aluminum Can via […]
Bowlero Corp, a New York-based bowling center operator, has agreed to merge with Isos Acquisition Corporation, a special acquisition company (SPAC) in a deal that values the combined company at around $2.6 billion. The merger enables the bowling center operator to become a publicly listed company, which is expected to trade on the New York […]
Grupo Comercial Chedraui, a Mexican grocery store chain, through its subsidiary Bodega Latina Corporation, has agreed to acquire Smart & Final Holdings for around $620 million. The sellers of the US-based warehouse-style food and supply stores chain are funds managed by affiliates of Apollo Global Management. The consideration includes the assumption of certain indebtedness. Based […]
US software company NCR Corporation has signed a deal worth around $2.5 billion to acquire Cardtronics, a non-bank ATM operator and service provider. As per the terms of the deal, NCR is offering $39 per share in cash to Cardtronics’ shareholders. The consideration includes the assumption of Cardtronics’ debt by NCR. Before signing the deal […]
