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Market Impact: 0.25

Apollo To Acquire Emerald, Questex In All-Cash Deals; Emerald Shares Up

APOEEX
M&A & RestructuringPrivate Markets & VentureCompany Fundamentals

Apollo Global Management said its managed funds entered into definitive all-cash agreements to acquire Emerald Holding (EEX) and Questex. The transactions signal continued private equity consolidation activity and could be modestly supportive for Apollo's deal pipeline and assets under management. The news is material for the companies involved but is unlikely to have broad market impact.

Analysis

Apollo Global Management said its managed funds entered into definitive all-cash agreements to acquire Emerald Holding (EEX) and Questex. The transactions signal continued private equity consolidation activity and could be modestly supportive for Apollo's deal pipeline and assets under management. The news is material for the companies involved but is unlikely to have broad market impact.

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Market Sentiment

Overall Sentiment

mildly positive

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0.20

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APO0.20
EEX0.40