QXO Inc. (QXO) Announces $2.25B Acquisition of Kodiak Building Partners to Expand Addressable Market
QXO Inc. (NYSE:QXO) has announced its definitive agreement to acquire Kodiak Building Partners for approximately $2.25 billion, comprising $2.0 billion in cash and 13.2 million shares. This acquisition is expected to close in early Q2 2026 and aims to significantly expand QXO's addressable market to over $200 billion while driving earnings accretion. Kodiak, a major US distributor of construction supplies with $2.4 billion in 2025 revenue, will help QXO increase market share among homebuilders and enhance operational efficiencies through scaled procurement and AI-powered inventory management.
Kemmons Wilson, Ascendant JV completes acquisition of Sotherly Hotels
Kemmons Wilson Hospitality Partners (KWHP) and Ascendant Capital Partners, through their joint venture KW Kingfisher LLC, have completed the acquisition of Sotherly Hotels Inc. for $2.25 per share in cash. This merger expands their hospitality portfolios in the Southeastern U.S., with Schulte Hospitality Group assuming operations of Sotherly's 10 full-service hotels and one condo-hotel management agreement. The acquisition received unanimous approval from Sotherly's board and stockholders, aiming to enhance guest experiences and drive growth for the upscale assets.
Varma Mutual Pension Insurance Co Increases Position in Apollo Global Management Inc. $APO
Varma Mutual Pension Insurance Co increased its stake in Apollo Global Management Inc. by 21.8% in Q3, now owning 94,401 shares valued at $12.58 million. Apollo Global Management exceeded quarterly earnings expectations, reporting an EPS of $2.47 against a $2.04 forecast and robust revenue. The company also declared a quarterly dividend of $0.51 per share, and analysts currently rate the stock as a "Moderate Buy" with an average target price of $164.79.
Lodge Hill Capital LLC Increases Stake in Apollo Global Management Inc. $APO
Lodge Hill Capital LLC significantly increased its stake in Apollo Global Management Inc. ($APO) in Q3, buying an additional 110,000 shares to bring its total holdings to 392,930 shares, valued at approximately $52.37 million. This makes APO the firm's second-largest position, representing 9.4% of its portfolio. The move follows Apollo's strong quarterly earnings, where it surpassed expectations with $2.47 EPS and $9.86 billion in revenue, and announced a $0.51 quarterly dividend.
Corebridge Financial (NYSE:CRBG) Is Increasing Its Dividend To $0.25
Corebridge Financial (NYSE:CRBG) is raising its periodic dividend to $0.25, an increase of 4.2% from last year, bringing the annual payment to 3.2% of the stock price. Despite not currently generating a profit, the company's dividend is covered by healthy free cash flows, though future payments could become unsustainable with a projected payout ratio reaching 159% next year. The article expresses caution due to the company's limited dividend track record and declining earnings per share over the past five years, suggesting the dividend may prove unreliable despite expected short-term EPS growth.
Why Alts Manager Stocks Are Getting Hit Hard
Alternative asset managers like Apollo, Ares, Blue Owl, and KKR have seen their stocks decline sharply due to increased uncertainty in equity and credit markets, particularly concerns surrounding the private credit market. While issues with specific companies like Tricolor and First Brands initially raised alarms about private credit, it was found that these were not primarily private credit issues. More recently, concerns about AI's impact on software licenses and subsequent effects on the roughly 20% of private credit loans made to software companies have fueled investor jitters.
How Is Liquidity Evolving in Private Investment-Grade Credit?
This article examines the evolving liquidity of private investment-grade credit, which has transitioned from a niche and illiquid asset class to a more standardized market segment. Authored by Brian Weinstein, Apollo Partner and Head of Fixed Income Replacement, the white paper discusses how new fund structures, syndication advancements, and trading infrastructure are enhancing liquidity in this space. Key takeaways include the role of evergreen funds, increased institutional capital, and improved transparency in closing the gap between private and public credit markets.
TPG commits to investing $500m in retirement planning firm Jackson Financial
TPG has committed to investing $500 million in Jackson Financial, a retirement planning firm. This investment is part of a broader partnership established between TPG and Jackson. The deal was reported by Iris Dorbian for PE Hub.
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Apollo Global Management, Inc. - APO
Pomerantz LLP is investigating potential securities fraud claims against Apollo Global Management, Inc. (NYSE: APO) following reports that top executives discussed tax arrangements with Jeffrey Epstein despite the firm's prior denials of business dealings with him. This news led to a 5.72% drop in Apollo's stock price. The law firm is encouraging affected investors to contact them to potentially join a class action lawsuit.
Apollo Commercial Real Estate Finance Q4 Earnings Call Highlights
Apollo Commercial Real Estate Finance (NYSE: ARI) held its Q4 and full-year 2025 earnings call, discussing updates on retained REO assets, financial results, and strategic plans. The company reported Q4 distributable earnings of $0.26/share and full-year earnings of $0.98/share, while actively managing four REO properties for stabilization and monetization. ARI also revealed strong origination activity, ending the year with an $8.8 billion loan portfolio and considering a Q1 dividend of $0.25/share amidst efforts to address its valuation gap.
Blackstone Leads the Race to Unlock $7 Trillion of Cash in Japan
Blackstone Inc. is leading a campaign to attract Japanese private wealth by promoting alternative asset investments. With a significant media presence, including a television commercial featuring co-founder Steve Schwarzman, Blackstone aims to tap into the $7 trillion in cash held by Japanese households. This effort, alongside rivals like EQT AB and KKR & Co., targets the largest private wealth opportunity outside the US.
Blackstone Names Ex-Lego Family Money Manager as Senior Adviser
Blackstone Inc. has appointed Thomas Schleicher, formerly the chief investment officer for Kirkbi A/S, which manages assets for the Lego A/S owning family, as a senior adviser for the Nordic region. This strategic move aims to bolster Blackstone's origination efforts and deepen investor engagement in the Nordics. The appointment is part of a broader series of senior hires in Europe as Blackstone plans to invest $500 billion in the region over the next decade.
Sotherly Hotels Acquired by KWHP and Ascendant Joint Venture
Sotherly Hotels Inc. has been acquired by the joint venture KW Kingfisher LLC, formed by Kemmons Wilson Hospitality Partners (KWHP) and Ascendant Capital Partners. The acquisition, valued at $2.25 per share in cash, followed shareholder approval and expands the hospitality portfolios of KWHP and Ascendant in the Southeastern U.S. Schulte Hospitality Group will take over operations for Sotherly's 10 full-service hotels and a condo-hotel management agreement.
Sotherly Hotels Inc. Acquired by KW Kemmons Wilson Hospitality Partners and Ascendant Capital Partners in Strategic Merger
Sotherly Hotels Inc. has been acquired by KW Kemmons Wilson Hospitality Partners and Ascendant Capital Partners, through their joint venture KW Kingfisher LLC, for $2.25 per share in cash. This merger expands the hospitality portfolios of KWHP and Ascendant in strategic Southeastern U.S. markets, with Schulte Hospitality Group taking over the management of Sotherly's ten full-service hotels and one condo-hotel agreement. The acquisition received unanimous approval from Sotherly’s board and stockholders and is backed by debt financing commitments from affiliates of Apollo and Ascendant.
Blue Owl Capital's Stack Seeking About $2 Billion Loan for Australian Data Center Project
Blue Owl Capital's data center company, Stack Infrastructure, is reportedly seeking a $2 billion loan to finance a new data center project in Australia. This move highlights Blue Owl Capital's continued investment in the data center sector and expansion into international markets. The loan would support the development of significant digital infrastructure.
AMG's Q4 Earnings Beat as AUM & Revenues Rise, Partners With HighBrook
AMG Affiliated Managers Group Inc. reported strong fourth-quarter 2025 economic earnings, surpassing analyst expectations with $9.48 per share, a 45.2% increase year-over-year, driven by higher assets under management and revenues. The company also announced the acquisition of a minority stake in HighBrook Investors, a real estate investment manager, to diversify its business and expand into global private markets. Despite a rise in expenses, AMG's overall financial position and strategic partnerships indicate continued growth potential.
QXO Stock Jumps After It Announces $2.25 Billion Acquisition of Kodiak Building Partners
QXO stock surged after announcing the acquisition of Kodiak Building Partners for $2.25 billion, marking QXO's first major acquisition since raising $3 billion from investors. This strategic move aims to expand QXO's market presence in high-growth regions like the Sun Belt, leveraging Kodiak's strong position in construction supplies. The acquisition is expected to be highly accretive to QXO's 2026 earnings and validates CEO Brad Jacobs's strategy of growth through strategic acquisitions and operational optimization.
QXO (QXO) Climbs to 52-Week High on $2.25-Billion Kodiak Takeover
QXO Inc. (NYSE:QXO) stock reached a new 52-week high after announcing its plan to acquire Kodiak Building Partners for $2.25 billion, comprising $2 billion in cash and 13.2 million shares. This strategic acquisition is set to expand QXO's market presence in a potential $200 billion addressable market, leveraging Kodiak's $2.5 billion in annual revenues from various building products and services. QXO anticipates the integration will drive margin expansion through procurement, network optimization, and AI-powered inventory management.
Cibc World Market Inc. Increases Position in Apollo Global Management Inc. $APO
Cibc World Market Inc. increased its stake in Apollo Global Management Inc. (NYSE:APO) by 11.2% in the third quarter, bringing its total holdings to 211,434 shares valued at $28.18 million. This comes as Apollo reported stronger-than-expected quarterly results, with institutional investors showing high interest and analysts maintaining a "Moderate Buy" rating with an average target price of $164.79. The company also announced a quarterly dividend of $0.51 per share and has been active with strategic partnerships and reported progress on significant lending transactions.
Allianz Asset Management GmbH Has $3.09 Million Holdings in Apollo Commercial Real Estate Finance $ARI
Allianz Asset Management GmbH significantly increased its stake in Apollo Commercial Real Estate Finance (NYSE:ARI) by 117.5% in the third quarter, now owning 304,979 shares valued at $3.09 million. Other institutional investors also adjusted their positions in the real estate investment trust. The article also notes recent insider selling by CEO Stuart Rothstein and current analyst ratings, with the stock holding a consensus "Hold" rating and an average target price of $10.88.
Paul Weiss, Dechert Lead QXO’s $2.25B Acquisition of Kodiak Building Partners
QXO Inc. has agreed to acquire Kodiak Building Partners for approximately $2.25 billion, comprising $2 billion in cash and 13.2 million shares of QXO stock. This acquisition is part of QXO's strategy to scale and achieve $50 billion in annual revenue within the next decade, enhancing its product offerings and market presence, especially in the Sun Belt and Mountain regions. The deal is expected to close early in the second quarter of 2026.
Apollo Commercial Real Estate Finance (ARI) Valuation After Fourth Quarter Earnings Miss
Apollo Commercial Real Estate Finance (ARI) missed analyst expectations for fourth-quarter earnings and revenue, though the share price reaction was muted and longer-term momentum remains positive. Analysts currently view ARI as slightly overvalued with a fair value of $10.55 compared to its trading price of $10.68. The company's strong originations in real estate credit are expected to drive future loan growth and interest income.
Apollo Global Management And 2 Other Stocks Estimated To Be Trading Below Intrinsic Value
The article highlights Apollo Global Management (APO), Coeur Mining (CDE), and Unity Software (U) as companies trading significantly below their estimated intrinsic values based on future cash flows. It details the operations, estimated discounts, and growth prospects for each, while also noting potential risks like insider selling or share price volatility. The analysis suggests these companies could offer strategic advantages for investors in the current market environment.
QXO TO ACQUIRE KODIAK BUILDING PARTNERS FOR $2.25 BILLION
QXO, Inc. has entered into a definitive agreement to acquire Kodiak Building Partners from Court Square Capital Partners for approximately $2.25 billion, consisting of cash and QXO shares. Kodiak, operating 110 locations across 26 states and generating $2.4 billion in revenues in 2025, distributes lumber, trusses, windows, doors, and other building products. This acquisition will expand QXO's market presence, enhance cross-selling opportunities, and accelerate margin expansion through operational efficiencies.
Kodiak acquired by QXO: a strategic $2 billion-plus leap in building products
QXO, led by Brad Jacobs, has acquired Kodiak from a private equity firm for an estimated $2.25 billion (growing to $2.35 billion due to QXO's stock increase). This marks QXO's second acquisition, significantly expanding its market opportunity in the building products industry, particularly in lumber, trusses, gypsum, and construction supplies. The deal, which analysts view as a "bold contrarian move" due to Kodiak's exposure to challenging housing markets, is expected to be immediately accretive to QXO's earnings and leverages improved logistics through vendor overlap.
Morgan Stanley Raises Franklin Resources (BEN) Target to $22, Keeps Underweight Rating
Morgan Stanley raised its price target on Franklin Resources (BEN) to $22 from $21, while maintaining an Underweight rating. The adjustment reflects a trimmed Q4 adjusted EPS estimate due to higher operating costs but a more optimistic outlook for 2026 and 2027, driven by stronger fee income and better investment returns. Franklin Resources also reported an increase in preliminary month-end assets under management to $1.71 trillion as of January 31, 2026, primarily due to favorable market conditions and net inflows.
QXO to Acquire Kodiak for $2.25 Billion
QXO Inc. announced its agreement to acquire Kodiak Building Partners for approximately $2.25 billion in cash and stock. This acquisition is expected to triple QXO's existing market opportunity, expanding its total addressable market to over $200 billion by moving into various building product categories like lumber, trusses, and gypsum. The deal, targeted to close in Q2 2026, is anticipated to be highly accretive to QXO's earnings, driven by procurement, network optimization, and AI-powered inventory management synergies.
QXO to Buy Kodiak Building Partners for $2.25 Billion
QXO, Inc. has announced its definitive agreement to acquire Kodiak Building Partners from Court Square Capital Partners for approximately $2.25 billion, expecting the transaction to significantly boost its 2026 earnings and expand its addressable market to over $200 billion. Kodiak, a U.S. distributor generating $2.4 billion in 2025 revenues, specializes in building materials with strong market presence in the Sun Belt and Mountain states. The acquisition is anticipated to close in early Q2 2026, enhancing QXO's offerings and market share through cross-selling, scaled procurement, and tech-enabled efficiencies.
Deutsche Bank Maintains Buy on Apollo Global Management (APO) Feb 2026
Deutsche Bank has maintained its "Buy" rating for Apollo Global Management (APO) and slightly increased its price target from $168 to $169. This decision reflects continued confidence in Apollo's fee and capital formation trends, supported by record inflows and strong spread performance. Meyka AI also rates APO with an "A" grade, aligning with the positive outlook from Deutsche Bank regarding the company's financial strength and consistent performance.
Morning Coffee: Morgan Stanley bankers’ post-bonus shock. The nice guy banker who irritated his colleagues
Morgan Stanley bankers are facing disappointment after their bonuses, announced in January and paid last week, were impacted by a 2.4% drop in the bank's share price due to concerns about AI competition in wealth management. Meanwhile, Standard Chartered's CFO Diego De Georgi resigned, reportedly frustrated by CEO Bill Winters' long tenure and popularity, leading to a 5% drop in the bank's share price and raising questions about succession planning. The article also touches on McKinsey's decision to close its hedge fund, investor interest shifting to "AI-immune" sectors, and employee morale at SocGen.
Apollo Global Management, Inc. (NYSE:APO) Q4 2025 Earnings Call Transcript
Apollo Global Management, Inc. (NYSE:APO) reported strong Q4 2025 earnings, surpassing expectations with an EPS of $2.47 against an expected $2.04. The company achieved record combined fee-related and spread-related earnings of $5.9 billion for the full year, driving an adjusted net income of $5.2 billion, up 14% year over year. Management highlighted robust origination volumes, record capital formation, and strategic expansion into six distinct markets beyond traditional institutional portfolios, including individuals, insurance, and 401(k) plans, positioning Apollo for continued growth in 2026.
DHI Group Inc (NYSE:DHX) Volume Spikes As Nyse Composite Index Trend Improves
DHI Group Inc (NYSE:DHX) has seen a spike in its trading volume as the NYSE Composite Index shows an improving trend. The company operates in the interactive media and services sector, utilizing digital platforms and subscription-led services. Although the broader sector is growing, DHI Group's sales-based multiple is noted to be close to its peers despite weaker revenue momentum.
Rackspace Technology to Announce Fourth Quarter 2025 Financial Results on February 26, 2026
Rackspace Technology (NASDAQ: RXT) will release its fourth quarter 2025 financial results on February 26, 2026, at 8:00 AM ET. CEO Gajen Kandiah and CFO Mark Marino will host a conference call at 8:30 AM ET to discuss the results, which can be accessed via webcast or dial-in. The article also provides details on recent insider trading activities, Q3 2025 revenue, and hedge fund movements related to RXT stock.
Beyond The Numbers: 9 Analysts Discuss Apollo Global Management Stock
Nine analysts have recently provided ratings for Apollo Global Management (NYSE: APO), reflecting both bullish and somewhat bullish sentiments. Their average 12-month price target is $172.33, an increase from the previous average of $167.38. The article also details Apollo Global Management's strong financial performance, including significant revenue growth and high net margin, return on equity, and return on assets.
Analysts’ Top Financial Picks: Blue Owl Capital (OWL), UniCredit SpA (UNCFF)
Two financial analysts have issued bullish ratings for Blue Owl Capital (OWL) and UniCredit SpA (UNCFF). Craig Siegenthaler from Bank of America Securities reiterated a Buy rating for Blue Owl Capital with a $24.00 price target, while Sofie Peterzens from Goldman Sachs maintained a Buy rating for UniCredit SpA with a EUR85.70 price target. The consensus for both companies is a "Strong Buy" based on analyst ratings.
YCharts Introduces Hamilton Lane Benchmarks to Bring Private Markets Insights to Advisors
YCharts has integrated Hamilton Lane's private markets benchmark data into its platform, offering financial advisors enhanced tools to evaluate private fund performance, diversification, and the role of private markets in client portfolios. This partnership aims to provide standardized metrics and insights derived from Hamilton Lane's proprietary data, making private market analysis more accessible and comparable to public market investments for advisors. The initiative represents the first step in YCharts' broader plan to expand alternative investment data for increasingly diversified client portfolios.
Earnings Summary: Jerash Holdings (US), Inc. posts sharp Q3 FY26 earnings rebound as revenue and margins improve
Jerash Holdings (US), Inc. reported significantly improved financial results for Q3 FY26, with revenue increasing to $41.8 million and operating income nearly tripling. The company saw net income improve sharply and announced a capacity expansion plan, expecting to increase production by at least 40%. Jerash Holdings also declared a regular quarterly dividend of $0.05 per share and anticipates record annual revenue for fiscal 2026.
2 Consumer Defensive Stocks With Room to Run
Morningstar analysts David Sekera and Susan Dziubinski recommend two consumer defensive stocks, Mondelez International (MDLZ) and Constellation Brands (STZ), for their potential to maintain momentum in 2026. Mondelez is highlighted for its strong brands, emerging market exposure, and undervalued stock, while Constellation Brands is noted for stabilizing alcohol consumption, new product launches, and significant share buybacks, despite recent stock gains. Both companies are seen as attractive investments due to their wide economic moats and reasonable valuations.
Apollo Plans $6 Billion Sports Investment Blitz
Apollo Global Management plans to allocate approximately $6 billion towards its new sports investment arm, Apollo Sports Capital (ASC). This unit will focus on credit and hybrid opportunities within sports franchises, leagues, venues, media, and events, utilizing permanent capital. CEO Marc Rowan anticipates this initiative will generate an additional $30 billion to $50 billion in origination opportunities.
Carlyle Acquires Majority Stake in India’s Nido Home Finance for $232 Million
Carlyle Group Inc. has agreed to acquire a majority stake in India's Nido Home Finance Ltd. for approximately $232 million. Funds associated with Carlyle Asia Partners will purchase a 45% stake from Edelweiss Financial Services Ltd. through a secondary purchase and a primary equity capital infusion. This investment totals 21 billion rupees and was announced on Tuesday.
Hercules Capital Shares Poised for Gains on Upbeat Preliminary Results
Hercules Capital, Inc. (NYSE: HTGC) is expected to show strong fourth-quarter and fiscal year 2025 results, with preliminary data indicating a strengthening financial position. The company anticipates net investment income between $0.47 and $0.49 per share and a rise in net asset value per share to $12.10-$12.16. Additionally, the non-accrual loan rate is projected to fall below 0.5%, reflecting improved credit portfolio health.
Brookfield in talks to buy Blackstone's Fidere for $1.2 billion, Expansion reports
Brookfield Asset Management is reportedly in exclusive negotiations with Blackstone to acquire its Spanish residential real estate company, Fidere. The potential transaction is estimated to be worth around 1 billion euros ($1.2 billion), making it one of Spain's largest real estate deals this year. Fidere's portfolio includes approximately 5,300 properties across 47 residential buildings in Madrid and a large building in Guadalajara.
Clear Channel Outdoor to be acquired by Mubadala Capital, TWG in $6.2 bln deal
Clear Channel Outdoor Holdings announced its agreement to be acquired by Mubadala Capital, in partnership with TWG Global, for $6.2 billion. Shareholders will receive $2.43 per share, a 71% premium. The deal also includes a 45-day "go-shop" period for alternative acquisition proposals.
Robotaxis hit Dubai streets next month via Baidu-Uber tie-up
Baidu and Uber, in partnership with Dubai's Roads and Transport Authority (RTA), are set to launch Apollo Go autonomous ride-hailing services in Dubai next month, starting in select Jumeirah locations. This collaboration aligns with Dubai's goal for 25% autonomous trips by 2030 and will integrate Apollo Go vehicles into the Uber app for Uber Comfort and UberX trips. The deployment will expand based on operational learnings and regulatory approvals.
Brookfield in exclusive talks to buy Blackstone’s Spanish REIT Fidere - report
Brookfield is reportedly in exclusive negotiations to acquire Fidere, a Spanish real estate investment trust, from Blackstone for approximately €1.2 billion. The Canadian asset manager outbid competitors like TPG Angelo Gordon and Patron Capital, and the deal for Fidere's 5,300 Spanish houses could be finalized by March. This article was generated with AI support and reviewed by an editor.
RPT-BREAKINGVIEWS-Buyout barons rise from the ashes into the fire
Private equity firms like Blackstone and Brookfield are seeing a resurgence in deal activity, but the rise of artificial intelligence poses a new challenge. Concerns about AI replacing software developers are affecting companies in the software sector, a significant holding for many private equity funds, leading to a downturn in share prices for alternative asset managers. Despite some firms reporting better-than-expected earnings, their valuations are being impacted by these concentrated risks, particularly those heavily invested in software.
Hong Kong apparel group sells 14,850,000 shares to raise $8.1M for expansion
Neo-Concept International Group Holdings (Nasdaq: NCI) has priced a public offering of 14,850,000 Class A ordinary shares at $0.5454 per share, aiming to raise approximately $8.1 million. The company plans to use the net proceeds for business expansion and general working capital. D. Boral Capital LLC and uSmart Securities Limited are acting as placement agents for the offering.
Mubadala, TWG Global to take advertising giant Clear Channel private in $6.2bn deal
Mubadala Capital and TWG Global are acquiring Clear Channel Outdoor Holdings in a $6.2 billion all-cash deal, taking the advertising giant private. The acquisition, valued at $2.43 per share, represents a 71% premium for shareholders and aims to reduce Clear Channel's debt and fund future investments. Wade Davis is expected to become executive chairman, focusing on transforming the outdoor advertising industry through data, measurement, and transaction platforms.
Apollo Global Management Inc. (NYSE:APO) Plans $0.51 Quarterly Dividend
Apollo Global Management (NYSE:APO) has declared a quarterly dividend of $0.51 per share, payable on February 27th to shareholders of record on February 19th. This dividend represents an annualized payout of $2.04 with a yield of approximately 1.5% and a low payout ratio of 21.8%, indicating healthy coverage by earnings. The company recently exceeded Q4 expectations, reporting EPS of $2.47 and revenues of $9.86 billion, while actively pursuing strategic growth initiatives including a significant AI-focused financing deal and a distribution partnership with Schroders.
Clear Channel Outdoor Holdings, Inc. Agrees to be Acquired by Mubadala Capital, in Partnership with TWG Global, for $6.2 Billion
Clear Channel Outdoor Holdings, Inc. announced its agreement to be acquired by Mubadala Capital, in partnership with TWG Global, for an enterprise value of $6.2 billion in an all-cash transaction. Shareholders will receive $2.43 per share, a 71% premium. The acquisition is expected to enhance financial flexibility, support deleveraging, and drive growth for Clear Channel, with Wade Davis joining as Executive Chairman.
