Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.
Global Eagle Entertainment completed the sale of substantially all of its assets to a group consisting of its first lien investors. Global Eagle’s new owners include certain funds managed by affiliates of Apollo Global Management, among others.
LendingPoint Consolidated, parent of the financial technology platform LendingPoint, closed an up to $110 million, five-year corporate mezzanine credit facility with new partners MidCap Financial Trust, managed by a subsidiary of Apollo Global Management, Inc. and Apollo Investment.
Apollo Global Management created an impact advisory committee. The committee, chaired by Lisa Hall, will help guide the Apollo Impact platform and includes 11 members who bring diverse backgrounds and expertise across a variety of fields to focus on the firm’s impact investing platform.
Houlihan Lokey Capital and Wells Fargo Securities are serving as financial advisors to AmeriHome in the company’s sale to Western Alliance Bank.
Apollo Global Management was recognized as a Best Place to Work for LGBTQ Equality by scoring 100% on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index (CEI), a survey and report on corporate policies/practices related to LGBTQ workplace equality.
ATM owner and operator Cardtronics entered into a definitive agreement with funds managed by affiliates of Apollo Global Management and Hudson Executive Capital to be acquired for $35 per share in cash.
Aeromexico obtained, subject to court approval, commitments for a $1 billion senior secured superpriority multi-tranche debtor-in-possession term loan facility from funds managed by affiliates of Apollo Global Management.
Certain funds managed by affiliates of Apollo Global Management committed to invest through convertible debt and equity up to $265 million to acquire an equity stake in US Wind and fund costs associated with an offshore wind energy project off the coast of Maryland.
Global Eagle Entertainment agreed to a definitive stalking horse asset purchase agreement for total consideration of $675 million with an entity led by lenders including Apollo Global Management and certain funds and accounts under management by BlackRock.