NYSE:APODiversified Financial
Apollo’s Sector Shift As B2B Events And Waste Deals Meet Rich Valuation
Apollo Global Management (NYSE:APO) has agreed to acquire Emerald Holding and Questex to create a large B2B experiential events and media platform.
The firm is also buying a majority stake in Noble Environmental, a waste management and renewable energy operator.
At the same time, Apollo is in advanced talks to sell its MidCap Financial private credit fund as part of a portfolio reshuffle.
For readers tracking NYSE:APO, these moves come with the stock trading around $131.6 and showing a...