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Investment Brokerages M&A image Investment Brokerages M&A » By The Online Investor Staff, updated Fri., Apr. 26, 11:17 PM Recent mergers and acquisitions in the Investment Brokerages M&A category.

Slide #57. Apollo Global Management Management Services Business from Pitney Bowes

Acquirer: Apollo Global Management (APO)
Acquiree: Management Services Business from Pitney Bowes (PBI)
Details: Funds affiliated with Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") and Pitney Bowes Inc. (NYSE:PBI) today announced a definitive agreement under which Apollo will acquire Pitney Bowes Management Services ("PBMS" ) for approximately $400 million in cash. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2013. Until then, Pitney Bowes will continue to operate PBMS.

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

APO SEC Filing Email Alerts Service

Preferreds: AAM.PRA, AAM.PRB, ATH.PRC, ATH.PRD, ATH.PRE, APO.PRA



Open the APO Page at The Online Investor »

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

APO SEC Filing Email Alerts Service

Preferreds: AAM.PRA, AAM.PRB, ATH.PRC, ATH.PRD, ATH.PRE, APO.PRA



Open the PBI Page at The Online Investor »

Company Name:  Apollo Global Management Inc (New)
Stock buyback:  APO buyback
Sector:  Investment Brokerages
Number of ETFs Holding APO:  57
Total Market Value Held by ETFs:  $5.23B
Total Market Capitalization:  $64.04B
% of Market Cap. Held by ETFs:  8.17%
Company Name:  Pitney Bowes Inc
Stock buyback:  PBI buyback
Website:  www.pitneybowes.com
Sector:  Office Supplies
Number of ETFs Holding PBI:  40
Total Market Value Held by ETFs:  $145.39M
Total Market Capitalization:  $748.00M
% of Market Cap. Held by ETFs:  19.44%
 

April 26, 2024    11:17 PM Eastern
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