Apollo and Athene today announced the successful completion of
their merger under Apollo Global Management, Inc. (NYSE: APO), a
high-growth alternative asset manager with asset management and
retirement services capabilities.
“Apollo and Athene are world-class franchises that have
flourished as strategic partners, and we expect the full alignment
achieved by our merger will accelerate our collective growth,” said
Apollo CEO Marc Rowan. “I am thrilled to partner with experienced
leaders and talented teams within both businesses that will drive
our differentiated ‘One Apollo’ model forward. Together, we will
continue to serve the investment return and retirement savings
needs of all our clients.”“Athene and Apollo have seen tremendous
mutual benefit from our longstanding strategic relationship, and
now with full alignment our value will be significantly stronger
than the sum of our parts,” said Jim Belardi, CEO of Athene. “This
combination is a competitive differentiator and a growth
accelerant, bringing expected benefits to all of our shareholders,
policyholders and important stakeholders.”
“As a combined public company, we have created a superior model
to deliver highly stable and diversified earnings, to accelerate
our growth, and to originate the highest quality assets for our
clients. Together we articulated an attractive plan to generate $15
billion of deployable capital over the next five years and more
than double our fee-related earnings. We are excited to continue
executing on this plan together,” said Scott Kleinman and Jim
Zelter, Co-Presidents of Apollo Asset Management.
As a result of the merger, the combined entity Apollo Global
Management, Inc., led by Chief Executive Officer Marc Rowan, has
two principal subsidiaries: Apollo Asset Management (formerly
Apollo Global Management, Inc.), its alternative asset management
business, and Athene, its retirement services business. Apollo
Asset Management will continue to be led day-to-day by its
Co-Presidents Scott Kleinman and Jim Zelter, while Athene will
continue to be led by its CEO Jim Belardi. Apollo’s Board of
Directors is led by non-executive Chair Jay Clayton and comprised
of a highly qualified, diverse, and two-thirds independent group of
directors representing both parts of the business. The full list of
representatives can be found in the governance section of
Apollo.com/stockholders.
Following the transaction, Apollo Global Management, Inc. is now
the publicly traded combined entity, with approximately 600 million
shares of a single class of voting stock entitled to one vote per
share. Each outstanding Class A common share of Athene was
exchanged for a fixed ratio of 1.149 shares of Apollo stock. The
last trading day closing prices of Apollo and Athene common stock
imply that the combined Apollo opens with a market capitalization
of $43 billion. Management continues to expect the transaction to
be credit ratings positive for all rated entities within the
combined company.
As a larger and more liquid company with a single class of
common stock and industry-leading corporate governance, Apollo is
now eligible for inclusion in the S&P 500 index. In addition,
Apollo expects the enhanced trading profile of its stock to attract
a broader and diversified investor base over time.
About Apollo
Apollo is a global, high-growth alternative asset manager. In
our asset management business, we seek to provide our clients
excess return at every point along the risk-reward spectrum from
investment grade to private equity with a focus on three business
strategies: yield, hybrid, and equity. For more than three decades,
our investing expertise across our fully integrated platform has
served the financial return needs of our clients and provided
businesses with innovative capital solutions for growth. Through
Athene, our retirement services business, we specialize in helping
clients achieve financial security by providing a suite of
retirement savings products and acting as a solutions provider to
institutions. Our patient, creative, and knowledgeable approach to
investing aligns our clients, businesses we invest in, our
employees, and the communities we impact, to expand opportunity and
achieve positive outcomes. As of September 30, 2021, Apollo had
approximately $481 billion of assets under management. To learn
more, please visit www.apollo.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements include, but are not limited to,
discussions related to Apollo’s expectations regarding the
performance of its business, its liquidity and capital resources
and the other non-historical statements in the discussion and
analysis and expectations regarding benefits anticipated to be
derived from the merger (the “Merger”) with Athene Holding Ltd.
(“Athene”). These forward-looking statements are based on
management’s beliefs, as well as assumptions made by, and
information currently available to, management. When used in this
press release, the words “believe,” “anticipate,” “estimate,”
“expect,” “intend,” “may,” “will,” “could,” “should,” “might,”
“target,” “project,” “plan,” “seek,” “continue” and similar
expressions are intended to identify forward-looking statements.
Although management believes that the expectations reflected in
these forward-looking statements are reasonable, it can give no
assurance that these expectations will prove to have been correct.
It is possible that actual results will differ, possibly
materially, from the anticipated results indicated in these
statements. These statements are subject to certain risks,
uncertainties and assumptions, including risks relating to Apollo’s
dependence on certain key personnel, Apollo’s ability to raise new
Apollo funds, the impact of COVID-19, the impact of energy market
dislocation, market conditions, and interest rate fluctuations,
generally, Apollo’s ability to manage its growth, fund performance,
the variability of Apollo’s revenues, net income and cash flow,
Apollo’s use of leverage to finance its businesses and investments
by Apollo Funds, Athene’s ability to maintain or improve financial
strength ratings, the impact of Athene’s reinsurers failing to meet
their assumed obligations, Athene’s ability to manage its business
in a highly regulated industry, changes in Apollo’s regulatory
environment and tax status, litigation risks and Apollo’s ability
to recognize the benefits expected to be derived from the Merger.
Apollo believes these factors include but are not limited to those
described under the section entitled “Risk Factors” in the joint
proxy statement/prospectus filed by Apollo Global Management, Inc.
(formerly known as Tango Holdings, Inc.) with the Securities and
Exchange Commission (the “SEC”) on November 5, 2021, Apollo Asset
Management Inc.’s (“AAM,” formerly known as Apollo Global
Management, Inc.) Annual Report on Form 10-K filed with the SEC on
February 19, 2021 and Quarterly Report on Form 10-Q filed with the
SEC on May 10, 2021, and Athene’s Annual Report on Form 10-K filed
with the SEC on February 19, 2021, its amendment to its annual
report on Form 10-K/A filed with the SEC on April 20, 2021 and
Quarterly Report on Form 10-Q filed with the SEC on November 8,
2021, as such factors may be updated from time to time in Apollo’s,
AAM’s or Athene’s periodic filings with the SEC, which are
accessible on the SEC’s website at http://www.sec.gov. These
factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included
in this press release and in other filings. Apollo undertakes no
obligation to publicly update or review any forward-looking
statements, whether as a result of new information, future
developments or otherwise, except as required by applicable law.
This press release does not constitute an offer of any Apollo
fund.
Contacts:
For Investors:Noah GunnGlobal Head of Investor Relations,
Apollo(212) 822-0540IR@apollo.com
For Media:Joanna RoseGlobal Head of Corporate Communications,
Apollo(212) 822-0491Communications@apollo.com
Amanda Carstens StewardHead of Marketing & Corporate
Communications, Athene(515) 342 6473Asteward@athene.com
Apollo Global Management (NYSE:APO)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Apollo Global Management (NYSE:APO)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024