Apollo Global Management

• Enbridge Forms JV with KKR and Apollo to Fund Westcoast Pipeline Expansions

  August 28, 2026

  Buyer

  Enbridge Inc., KKR, Apollo

  Target

  Aspen Point expansion programme (Westcoast natural gas pipeline system), Sunrise expansion programme (Westcoast natural gas pipeline system), Westcoast natural gas pipeline system (Aspen Point and Sunrise projects)

  Industry

  Infrastructure

  Location

  British Columbia, Canada

  Type

  Growth capital

  Enbridge agreed to form a C$2.7 billion joint venture with capital managed by KKR and Apollo to fund its Aspen Point and Sunrise expansion programs on the Westcoast natural gas pipeline system in British Columbia. Enbridge retains majority ownership and operational control, receiving C$700 million in cash at closing, while KKR and Apollo obtain an indirect cumulative 29% interest in the aggregate system once Sunrise enters service.

• Apollo acquires co-controlling stake in Atlantic Aviation alongside KKR (with GIC co-investing)

  August 27, 2026

  Buyer

  Apollo Global Management (Apollo-managed funds), KKR (KKR-managed funds), GIC

  Target

  Atlantic Aviation

  Seller

  KKR

  Industry

  Transportation

  Location

  United States

  Type

  Recapitalization

  Apollo-managed funds have agreed to acquire a significant (co-controlling) interest in Atlantic Aviation, valuing the private aviation fixed-base operator platform at nearly $10 billion. KKR-managed funds will remain substantial shareholders, and GIC is reported as a co-investor in the transaction.

• Williams Secures $5.34 Billion Growth Capital Joint Venture With Blackstone, Apollo and KKR

  July 16, 2026

  Buyer

  Blackstone Credit & Insurance, Apollo, KKR

  Target

  Williams (Power Innovation projects: Socrates, Apollo, Aquila, Socrates the Younger, Neo)

  Industry

  Energy

  Location

  Oklahoma, United States

  Type

  Growth capital

  Williams has signed an agreement to receive $5.34 billion of committed capital for five behind-the-meter Power Innovation projects, serving AI infrastructure demand. Blackstone (with Apollo and KKR) will hold a 49% noncontrolling equity interest in the projects, while Williams retains 51% ownership and full commercial and operational control, including a buyout right exercisable between years seven and fourteen.

• Apollo Global Management to Acquire easyJet in £5.7 Billion Recommended Cash Deal

  July 12, 2026

  Buyer

  Apollo Global Management, Eagle Bidco

  Target

  easyJet

  Seller

  easyJet shareholders

  Industry

  Transportation

  Location

  United Kingdom

  Type

  Buyout

  Apollo Global Management has reached an agreement to acquire easyJet in a recommended cash transaction valuing the airline at approximately £5.7 billion. The deal will be implemented via Eagle Bidco, with easyJet shareholders receiving £7.15 per share, alongside an option for some shareholders to roll into a private parent structure.

• Apollo and KKR Invest in Bayer’s LARC Business

  July 12, 2026

  Buyer

  Apollo, KKR

  Target

  Bayer long-acting reversible contraceptives (LARC) business (held in newly established entity)

  Industry

  Pharmaceuticals

  Location

  North Rhine-Westphalia, Germany

  Type

  Recapitalization

  Apollo-managed funds and affiliates, with KKR joining as a significant minority participant, invested €3 billion in a newly established entity holding Bayer’s long-acting reversible contraceptives (LARC) business. Bayer retained a majority stake and full operational control; the capital solution was intended to strengthen its capital structure and financial flexibility. Apollo announced that the transaction closed on September 16, 2026.

• Medallia Recapitalization and Ownership Transition Led by Blackstone, Apollo, and FS KKR

  June 19, 2026

  Buyer

  Blackstone, Apollo, FS KKR Capital Corp (FSK)

  Target

  Medallia

  Seller

  Thoma Bravo

  Industry

  Cloud & SaaS

  Location

  Virginia, United States

  Type

  Recapitalization

  Medallia entered into a recapitalization agreement with its lenders that will reduce outstanding debt and provide $150 million of new capital. Upon completion, Medallia’s ownership will transition from Thoma Bravo to an investor group led by Blackstone, Apollo, and FS KKR Capital Corp.

• Thoreau Makes Strategic Growth Investment in Ensemble Health Partners

  June 17, 2026

  Buyer

  Thoreau, Apollo Global Management, Berkshire Partners, Warburg Pincus, Bon Secours Mercy Health

  Target

  Ensemble Health Partners

  Industry

  Healthcare Services

  Location

  Ohio, United States

  Type

  Growth capital

  Thoreau, the healthcare investment platform founded by Matt Holt and backed by Apollo Global Management, has entered into an agreement to make a strategic growth investment in Ensemble Health Partners. Ensemble will use the capital to accelerate its technology and people initiatives, including AI and automation workflows across patient access, coding, and denial prevention. Legacy investors Berkshire Partners, Warburg Pincus, and Bon Secours Mercy Health will continue to co-invest alongside Thoreau.

• Apollo Funds and Alpine Investors Acquire Minority Stake in Apex Service Partners

  May 29, 2026

  Buyer

  Apollo Funds, Alpine Investors

  Target

  Apex Service Partners

  Seller

  Alpine Investors (existing investor mentioned as continuing; no seller explicitly named)

  Industry

  IT Services

  Location

  Florida, United States

  Type

  Growth capital

  Apex Service Partners entered into a definitive agreement for Apollo Funds (funds managed by affiliates of Apollo Global Management) to acquire a minority stake in the company. Alpine Investors, Apex’s existing investor, will also make an additional investment alongside Apollo to support Apex’s continued growth, including expansion of its national footprint, multi-trade service offerings, and technology/workforce infrastructure.

• Apollo Global Management to Acquire Bodycote in £1.52 Billion Cash Takeover Proposal

  May 26, 2026

  Buyer

  Apollo Global Management

  Target

  Bodycote

  Industry

  Industrial Services

  Location

  United Kingdom

  Type

  Buyout

  Bodycote confirmed it received a conditional all-cash takeover proposal from Apollo Global Management valuing the company at approximately £1.52 billion (about $2.04 billion). Apollo proposed an offer of 885 pence per share, and Bodycote noted its board is reviewing the proposal while reiterating there is no certainty a formal offer will be made or a transaction will proceed.

• Apollo Takes Majority Stake in Noble Environmental

  May 13, 2026

  Buyer

  Apollo

  Target

  Noble Environmental

  Seller

  Strategic Alternatives Committee of Noble Environmental's Board of Directors (advised, per article)

  Industry

  Infrastructure

  Location

  United States

  Type

  Buyout

  Apollo announced its managed funds acquired a majority interest in Noble Environmental, a vertically integrated waste management company serving the Northeast, Mid-Atlantic, and Midwest United States. The investment is intended to support a platform spanning solid waste collection, hauling, transfer, disposal, and a growing renewable natural gas business that converts landfill gas into pipeline-quality fuel.

• Apollo-Managed Funds Acquire Emerald Holding and Questex to Build North American B2B Events Platform

  May 11, 2026

  Buyer

  Apollo-managed funds (Apollo Global Management)

  Target

  Emerald Holding, Inc., Questex, LLC

  Seller

  Emerald stockholders

  Industry

  Media & Entertainment

  Location

  United States

  Type

  Buyout

  Apollo-managed funds entered into definitive agreements to acquire Emerald Holding and Questex in an all-cash transaction, with the intention to combine the businesses into a scaled North American B2B experiential events and media platform. Emerald shareholders were to receive $5.03 per share in cash (42.1% premium), and the deal was expected to close in the second half of 2026 subject to customary approvals.

• BMG and Concord Merge to Form a Leading Independent Music Company

  April 28, 2026

  Buyer

  Bertelsmann, Great Mountain Partners, Apollo-managed funds and affiliates

  Target

  BMG, Concord

  Industry

  Media & Entertainment

  Location

  Tennessee, United States

  Type

  Buyout

  BMG and Concord announced a definitive agreement to combine their businesses into the world’s leading independent music company, operating under the BMG name with two divisions: BMG Publishing and Concord Records. The combined company will be headquartered in Nashville with a European headquarters in Berlin, and is expected to close in the second half of 2026, subject to regulatory approvals.

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