The Online Investor
Investment Brokerages M&A image Investment Brokerages M&A » By The Online Investor Staff, updated Fri., Oct. 22, 7:13 PM Recent mergers and acquisitions in the Investment Brokerages M&A category.

Slide #10. Caelus Energy Alaska LLC ("Caelus") and affiliates of Apollo Global Management, LLC Pioneer Alaska

Acquirer: Caelus Energy Alaska LLC ("Caelus") and affiliates of Apollo Global Management, LLC (NYSE:APO)
Acquiree: Pioneer Alaska
Details: Caelus Energy Alaska LLC ("Caelus") and affiliates of Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") have formed a strategic partnership to invest in oil and gas properties in Alaska. Today Caelus has closed its first transaction, the acquisition of Pioneer Natural Resources' Alaskan oil and gas business, for $300 million in cash, subject to adjustments, plus other consideration. Caelus, headquartered in Dallas, TX, has an executive management team led by Chief Executive Officer James C. Musselman and a technical team led by Chief Technical Officer Kenny Goh. Among other things, Mr. Musselman previously led Kosmos Energy, which discovered the 1 billion-plus barrel Jubilee field off the West African coast, and Triton Energy, which was acquired by Amerada Hess for $3.2 billion. Apollo funds have the opportunity to invest up to $1 billion in Caelus (in the aggregate) to develop the company's existing assets and to pursue acquisitions or other additional investments.

Apollo Global Management is an alternative investment manager. Co.'s Credit segment primarily invests in non-control corporate and structured debt instruments including performing, stressed and distressed investments across the capital structure. Co.'s Private Equity segment primarily invests in control equity and related debt instruments, convertible securities and distressed debt investments. Co.'s Real Assets segment primarily invests in, among others: real estate equity and infrastructure equity for the acquisition and recapitalization of real estate and infrastructure assets, portfolios, platforms and operating companies; and real estate and infrastructure debt.

APO SEC Filing Email Alerts Service

Preferreds: APO.PRA, APO.PRB



Open the APO Page at The Online Investor »

Company Name: 
Apollo Global Management Inc
Stock buyback: 
APO buyback
Website: 
www.apolloic.com
Sector: 
Investment Brokerages
Number of ETFs Holding APO: 
56
Total Market Value Held by ETFs: 
$1.44B
Total Market Capitalization: 
$17.50B
% of Market Cap. Held by ETFs: 
8.20%
 

Open the APO Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree APO Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Buy (2.92 out of 4)
13rd percentile
(ranked lower than approx. 87% of all stocks covered)

Analysts' Target Price:
APO Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Investment Brokerages M&A - Slide 10 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.