Apollo Acquires Majority Stake In Noble Environmental

Apollo Global Management said Apollo-managed funds acquired a majority stake in Noble Environmental, Inc. for undisclosed consideration. The transaction expands Apollo’s private markets footprint and gives Noble Environmental a new majority owner, but no deal size or financial terms were disclosed. The announcement is positive for Apollo’s asset deployment narrative, though the near-term market impact should be limited.

Analysis

Apollo Global Management said Apollo-managed funds acquired a majority stake in Noble Environmental, Inc. for undisclosed consideration. The transaction expands Apollo’s private markets footprint and gives Noble Environmental a new majority owner, but no deal size or financial terms were disclosed. The announcement is positive for Apollo’s asset deployment narrative, though the near-term market impact should be limited.