Apollo Global Management

KBRA Affirms Ratings for MidCap Financial Investment Corporation

Retrieved on: 
Friday, June 30, 2023
Professional Services, Finance, KBRA, BDC, Risk management, AGM, Investment Company Act of 1940, AUM, Investment, Apollo Global Management, RIC, Security (finance), MD

KBRA affirms the BBB- issuer and senior unsecured ratings for MidCap Financial Investment Corporation (NASDAQ: MFIC or “the company”).

Key Points: 
  • KBRA affirms the BBB- issuer and senior unsecured ratings for MidCap Financial Investment Corporation (NASDAQ: MFIC or “the company”).
  • MidCap Financial is a Bethesda, MD based middle market focused, specialty finance firm that was established in 2008 and has a long history of solid credit performance.
  • Incorporated in 2004 as a Maryland corporation MFIC is a closed-end, externally managed, non-diversified investment company that has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 and a RIC.
  • The company changed its name from Apollo Investment Corporation in 2022 to more closely align with its ties to MidCap Financial.

Financial Sponsors Benefitting from Capteris Platform

Retrieved on: 
Thursday, June 29, 2023
Public expenditure, Transport, Environment, Investment, Apollo Global Management, School on Wheels Inc., Head, Financial services, Security (finance)

Most notably, within the financial sponsor segment, Capteris has committed nearly $150MM to portfolio companies across multiple private equity firms thus far.

Key Points: 
  • Most notably, within the financial sponsor segment, Capteris has committed nearly $150MM to portfolio companies across multiple private equity firms thus far.
  • Recent examples include a $20MM tax lease for various construction assets and a $10MM finance lease for transportation assets.
  • Capteris specializes in providing large-ticket equipment lease and loan financing for numerous industries and collateral types, including private equity portfolio companies.
  • “We’ve seen a significant increase in sponsor-owned companies looking to diversify their funding sources for their capital expenditures,” says Todd Sinclair, Managing Director - Head of Sales at Capteris.

The Defined Contribution Alternatives Association (DCALTA) Welcomes Drew Carrington, James Hannigan and Avi Turetsky to its Board of Directors

Retrieved on: 
Tuesday, June 27, 2023
Institute for Democratic Alternatives in South Africa, DC, PORT, Ares Management, Retirement, Investment, Franklin Templeton Investments, Knowledge, Ares, Apollo Global Management, Franklin, Financial adviser, Nuveen

DCALTA founding board members, Gary Fencik from Adams Street Partners , Jeffrey Hall from Nuveen and Bob Long from StepStone Private Wealth , will be transitioning from the board.

Key Points: 
  • DCALTA founding board members, Gary Fencik from Adams Street Partners , Jeffrey Hall from Nuveen and Bob Long from StepStone Private Wealth , will be transitioning from the board.
  • "Their exceptional contribution to DCALTA`s dramatic growth has been essential to our impact on the retirement industry," said Jonathan Epstein , DCALTA President & Founder.
  • The new board members bring a wealth of experience and expertise to DCALTA.
  • "We are thrilled to welcome Drew, James and Avi to our board of directors.

Caliber Expands its Internal Wholesale Team as the Firm Accelerates its Capital Markets Initiatives

Retrieved on: 
Monday, June 26, 2023
Asset Management, Professional Services, Finance, J. Rich Steers, Inc., CNL, Financial Planning Association of Australia, Legg Mason, Senior, NYSE Arca Major Market Index, RIA, Miami University, Commercial property, GE Capital, Business school, Garten, Nationwide Mutual Insurance Company, Lage, NYSE, Corporate development, University, Capital market, REIT, University of La Verne, Cohen, National accounts, Asset, Growth, Hill, Earl Jones (investment advisor), Apollo Global Management, GE, CCT, Bellevue University, Dickinson, Region, Registered investment adviser, Economics, University of Missouri–St. Louis, TSY, CREW, History and impact of institutional investment in housing in the United States, Jameson, Marketing, Sale, Apollo, Financial adviser, Management, Caliber

Caliber’s new wholesale team will report to Howard Hill, Senior Vice President of Corporate Development and Head of Capital Markets for Caliber.

Key Points: 
  • Caliber’s new wholesale team will report to Howard Hill, Senior Vice President of Corporate Development and Head of Capital Markets for Caliber.
  • Following the sale of Trustreet to GE Capital, he was named Vice President, Mid-Cap Markets for GE.
  • Before Griffin Capital, he held various capital markets positions at Cole Capital, including Senior Vice President of Major Markets in New York City.
  • Mark Dickinson, Vice President of Capital Markets – West, has been with Caliber since 2019 and recently joined this new wholesale team.

Millicom (Tigo) announces termination of discussions on a potential transaction

Retrieved on: 
Thursday, June 15, 2023
Acquisition, Marcelo Claure, Apollo Global Management, Medical device, Security (finance), Millicom

Luxembourg, June 15, 2023 – Millicom announces that discussions with Apollo Global Management and Claure Group regarding a potential acquisition of all outstanding shares in Millicom have terminated. These discussions were referenced by Millicom in a press release it issued on January 25, 2023.

Key Points: 

Luxembourg, June 15, 2023 – Millicom announces that discussions with Apollo Global Management and Claure Group regarding a potential acquisition of all outstanding shares in Millicom have terminated. These discussions were referenced by Millicom in a press release it issued on January 25, 2023.

STOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – REUN, ARNC, PTRS, FOCS

Retrieved on: 
Wednesday, June 14, 2023
PTRS, FOCS, ARNC, Empire, Sale, Monteverde, MPM, NYSE, Apollo Global Management, Security (finance)

Under the terms of the agreement, REUN shareholders will receive $1.12 in cash per share they own.

Key Points: 
  • Under the terms of the agreement, REUN shareholders will receive $1.12 in cash per share they own.
  • Under the terms of the agreement, ARNC shareholders are expected to receive $30.00 in cash per share they own.
  • Focus Financial Partners Inc. (NASDAQ: FOCS ), relating to its proposed sale to affiliates of Clayton Dubilier & Rice LLC.
  • Under the terms of the agreement, FOCS shareholders are expected to receive $53.00 in cash per share they own.

Turnbridge Equities and Manekin Raise $275 million for Development of National Capital Business Park, including $110 million of Joint Venture Equity from Qatar Investment Authority and PCCP, and $165 million of Construction Financing from Apollo

Retrieved on: 
Tuesday, June 13, 2023
Professional Services, Commercial Building & Real Estate, Asset Management, Construction & Property, Urban Planning, PCCP, Partnership, I-95, QIA, Developer, Electricity, I-83, Apollo Global Management, HVAC, Qatar Investment Authority, Stock, NCBP, I-81, Capital Beltway, Ferguson Enterprises, Self storage, Turnbridge

The transaction included approximately $275 million of construction financing and joint venture equity for the recapitalization and development of Phase I of NCBP, consisting of five Class A industrial warehouse buildings totaling 1.3 million square feet.

Key Points: 
  • The transaction included approximately $275 million of construction financing and joint venture equity for the recapitalization and development of Phase I of NCBP, consisting of five Class A industrial warehouse buildings totaling 1.3 million square feet.
  • Phase I of National Capital Business Park consists of five Class A industrial warehouse buildings that will range in size from approximately 160,000 square feet to 360,000 square feet across 94 acres.
  • “The impressive, institutional capital stack we have assembled for this best-in-class development speaks to the quality of the Turnbridge and Manekin teams and the project they have assembled here.
  • This project is the perfect case study of the market today – competitive, sophisticated capital stepping up for infill projects and top sponsors.”

Apollo Infrastructure Funds Announce Structured Investment in Yondr Group

Retrieved on: 
Monday, June 12, 2023
Cathexis, LLP, Partnership, Apollo Global Management, APO, White & Case, Growth, NYSE, Renewable energy, Yondr

NEW YORK and LONDON , June 12, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed infrastructure funds (the “Apollo Funds”) have agreed to provide a significant capital commitment to Yondr Group (“Yondr”) via a structured instrument as the first step in a broader partnership.

Key Points: 
  • NEW YORK and LONDON , June 12, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed infrastructure funds (the “Apollo Funds”) have agreed to provide a significant capital commitment to Yondr Group (“Yondr”) via a structured instrument as the first step in a broader partnership.
  • In connection with the investment, Apollo Partners Trevor Mills and Andrew Kirby will join Yondr’s Board of Directors.
  • Yondr, wholly owned by Cathexis Group (“Cathexis”), is a recognized global leader in developing, owning, and operating build-to-suit hyperscale data centers, primarily in Europe and the Americas.
  • Paul Cossell, CEO at Yondr Group, said, “Apollo’s support of our global growth ambitions is truly exciting for us at Yondr.

Capteris Continues to Help Companies Grow by Financing a $25M Food Services Company

Retrieved on: 
Friday, June 9, 2023
Public expenditure, Foodservice, Apollo Global Management, School on Wheels Inc., Financial services

DES PLAINES, Ill., June 09, 2023 (GLOBE NEWSWIRE) -- Capteris Capital announces the closing of a $25M equipment lease facility for a food services company to finance various capital expenditures.

Key Points: 
  • DES PLAINES, Ill., June 09, 2023 (GLOBE NEWSWIRE) -- Capteris Capital announces the closing of a $25M equipment lease facility for a food services company to finance various capital expenditures.
  • Capteris specializes in tailored equipment finance lease and loan solutions for the mid-market, large corporate, and financial sponsor segments.
  • Eric Dusch, President of Capteris Capital, said, “Our client needed a finance provider well versed in their industry and specific collateral to help improve their working capital for future growth plans.
  • Given this expertise as well as our flexible structuring and sizable commitment amount, Capteris was the perfect alternative to their traditional bank financing options.”
    Supported by the capabilities of Apollo Global Management, Wheels Inc. and MidCap Financial, Capteris is uniquely positioned to help clients achieve their financial priorities while diversifying their funding risks across a broad range of industries and collateral types.

SHAREHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – RADI, FOCS, PTRS, ARNC

Retrieved on: 
Wednesday, June 7, 2023
PTRS, FOCS, ARNC, Empire, Sale, EQT, Monteverde, NYSE, Apollo Global Management, Security (finance)

Under the terms of the agreement, RADI shareholders are expected to receive $15.00 in cash per share they own.

Key Points: 
  • Under the terms of the agreement, RADI shareholders are expected to receive $15.00 in cash per share they own.
  • Focus Financial Partners Inc. (NASDAQ: FOCS ), relating to its proposed sale to affiliates of Clayton Dubilier & Rice LLC.
  • Under the terms of the agreement, FOCS shareholders are expected to receive $53.00 in cash per share they own.
  • Under the terms of the agreement, ARNC shareholders are expected to receive $30.00 in cash per share they own.