GFL Environmental To Sell Stake In Environmental Services Business: Debt Reduction & Stock Buyback On The Cards
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2025
0mins
Source: Benzinga
GFL Environmental Inc. Sale Agreement: GFL Environmental announced a deal to sell its Environmental Services business to Apollo Global Management and BC Partners for an enterprise value of C$8.0 billion, while retaining a 44% equity interest and expecting net cash proceeds of approximately C$6.2 billion.
Financial Strategy Post-Transaction: GFL plans to use up to C$3.75 billion of the proceeds to repay debt and C$2.25 billion for share repurchases, aiming to improve its balance sheet and accelerate its path to an investment-grade credit rating.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 109.790
Low
136.00
Averages
164.45
High
182.00
Current: 109.790
Low
136.00
Averages
164.45
High
182.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Apollo Global Management Faces Class Action Lawsuit Over Epstein Ties
- Class Action Filed: A securities class action lawsuit was filed against Apollo Global Management and certain executives on March 5, 2026, alleging undisclosed business ties with Jeffrey Epstein from May 10, 2021, to February 21, 2026, resulting in over $12 billion in investor losses.
- Significant Stock Decline: Apollo's stock price fell over 15% since February 2026 due to media reports, which not only impacted the company's market capitalization but also raised widespread concerns about its transparency and compliance, potentially leading to further regulatory scrutiny.
- Increased Regulatory Pressure: Teachers' unions have requested an SEC investigation into Apollo's 'lack of candor', indicating a decline in investor trust regarding corporate governance and information disclosure, which could affect future investor relations.
- Potential Legal Consequences: Hagens Berman is investigating whether Apollo misled investors, and if the lawsuit succeeds, it could result in substantial damages and reputational harm for the company, further impacting its market position and investor confidence.
See More
Class Action Lawsuit Reminder Against Apollo Global Management, Inc.
- Lawsuit Background: DJS Law Group reminds investors of a class action lawsuit against Apollo Global Management for violations of §§10(b) and 20(a) of the Securities Exchange Act, covering the period from May 10, 2021, to February 21, 2026, with a deadline of May 1, 2026.
- False Statement Allegations: The complaint alleges that top Apollo executives maintained ties with Jeffrey Epstein during the 2010s, contradicting the company's claims of no relationship, which poses a significant reputational risk and renders public statements materially misleading.
- Investor Rights: Shareholders who suffered losses are encouraged to contact DJS Law Group to participate in the lawsuit, noting that appointment as lead plaintiff is not required for recovery, thus providing a potential avenue for compensation.
- Legal Expertise: DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through balanced counseling and aggressive advocacy, serving some of the largest hedge funds and alternative asset managers globally.
See More
Blackstone Faces Surge in Private Credit Redemptions
- Surge in Redemption Requests: Blackstone's BCRED private credit fund is experiencing record redemption requests, with investors seeking to withdraw approximately $3.8 billion, or 7.9% of total assets, posing a significant challenge to the firm's liquidity management.
- Liquidity Structure Scrutiny: The expansion of private credit into retail investors has intensified scrutiny over its liquidity structures, with Moody's warning that balancing high returns with retail-like liquidity will continue to be tested as the sector evolves.
- Asset Management Strategy Adjustment: Blackstone plans to increase its share buyback to 7% to meet redemption requests, demonstrating its response strategy under liquidity pressure while also reflecting a commitment to maintaining market confidence.
- Market Risk Intensification: Concerns over loan quality and AI-related risks have led to declines in stock prices for Blackstone and other alternative asset managers, indicating a weakening market confidence in the private credit industry.
See More
Apollo Global Management Faces Securities Class Action Lawsuit
- Deadline for Filing: ClaimsFiler reminds investors that those who purchased Apollo Global Management (NYSE: APO) securities between May 10, 2021, and February 21, 2026, must file lead plaintiff applications by May 1, 2026, or risk losing their rights to claim.
- Legal Allegations: Apollo and certain executives are accused of failing to disclose material information during the class period, violating federal securities laws, including undisclosed communications with Jeffrey Epstein, which has harmed the company's reputation and investor confidence.
- Impact of Misstatements: The lawsuit alleges that Apollo's claim of never having done business with Epstein is false, potentially leading investors to misjudge the company's future business and operations, which could adversely affect stock performance.
- Legal Support Access: Investors can visit ClaimsFiler's website to access information, register for free to gain access to settlement websites for various securities class action cases, and submit inquiries for free case evaluations to ensure their legal rights are protected.
See More
Apollo Global Management Faces Securities Fraud Class Action Lawsuit
- Lawsuit Background: A securities fraud class action lawsuit has been filed by Glancy Prongay Wolke & Rotter LLP on behalf of investors who acquired Apollo Global Management (APO) securities between May 10, 2021, and February 21, 2026, alleging the company failed to disclose ties to Jeffrey Epstein, resulting in investor losses.
- Stock Price Volatility: Following a February 1, 2026, Financial Times article revealing CEO Marc Rowan's communications with Epstein, Apollo's stock price fell 5.7% over two days to close at $126.85, indicating market concerns about the company's reputation.
- Calls for Further Investigation: On February 17, 2026, the American Federation of Teachers and the American Association of University Professors urged the SEC to investigate Apollo's ties to Epstein, leading to a further 5.4% drop in stock price to $118.34, reflecting investor skepticism regarding the company's transparency.
- Ongoing Impact: A CNN report on February 21, 2026, detailing Apollo's entanglement with Epstein caused the stock price to decline by 5% to $113.73, highlighting a significant erosion of investor confidence in the company's future prospects.
See More
Apollo Global Management Faces Class Action Lawsuit
- Class Action Initiated: The Portnoy Law Firm has launched a class action on behalf of investors who purchased Apollo Global Management securities between May 10, 2021, and February 21, 2026, with a deadline for lead plaintiff motions set for May 1, 2026, indicating significant legal exposure for the company.
- Reputation Damage: The lawsuit alleges that Apollo's executives frequently communicated with Jeffrey Epstein in the 2010s, contradicting the company's claims of no business ties, which could severely harm its reputation and undermine investor confidence.
- Stock Price Volatility: Following a February 1, 2026 article in The Financial Times about CEO Marc Rowan consulting Epstein on tax matters, Apollo's stock price fell nearly 6% over two trading days, highlighting the market's sensitivity to negative news.
- Ongoing Impact: Subsequent reports on February 17 and February 21 by The Financial Times and CNN regarding Apollo's ties to Epstein led to further stock declines of over 5%, demonstrating the persistent legal and reputational risks that could have far-reaching implications for the company's future performance.
See More
Apollo Global Management Faces Class Action Lawsuit Over Epstein Ties
- Class Action Filed: A securities class action lawsuit was filed against Apollo Global Management and certain executives on March 5, 2026, alleging undisclosed business ties with Jeffrey Epstein from May 10, 2021, to February 21, 2026, resulting in over $12 billion in investor losses.
- Significant Stock Decline: Apollo's stock price fell over 15% since February 2026 due to media reports, which not only impacted the company's market capitalization but also raised widespread concerns about its transparency and compliance, potentially leading to further regulatory scrutiny.
- Increased Regulatory Pressure: Teachers' unions have requested an SEC investigation into Apollo's 'lack of candor', indicating a decline in investor trust regarding corporate governance and information disclosure, which could affect future investor relations.
- Potential Legal Consequences: Hagens Berman is investigating whether Apollo misled investors, and if the lawsuit succeeds, it could result in substantial damages and reputational harm for the company, further impacting its market position and investor confidence.
See More
Class Action Lawsuit Reminder Against Apollo Global Management, Inc.
- Lawsuit Background: DJS Law Group reminds investors of a class action lawsuit against Apollo Global Management for violations of §§10(b) and 20(a) of the Securities Exchange Act, covering the period from May 10, 2021, to February 21, 2026, with a deadline of May 1, 2026.
- False Statement Allegations: The complaint alleges that top Apollo executives maintained ties with Jeffrey Epstein during the 2010s, contradicting the company's claims of no relationship, which poses a significant reputational risk and renders public statements materially misleading.
- Investor Rights: Shareholders who suffered losses are encouraged to contact DJS Law Group to participate in the lawsuit, noting that appointment as lead plaintiff is not required for recovery, thus providing a potential avenue for compensation.
- Legal Expertise: DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through balanced counseling and aggressive advocacy, serving some of the largest hedge funds and alternative asset managers globally.
See More
Blackstone Faces Surge in Private Credit Redemptions
- Surge in Redemption Requests: Blackstone's BCRED private credit fund is experiencing record redemption requests, with investors seeking to withdraw approximately $3.8 billion, or 7.9% of total assets, posing a significant challenge to the firm's liquidity management.
- Liquidity Structure Scrutiny: The expansion of private credit into retail investors has intensified scrutiny over its liquidity structures, with Moody's warning that balancing high returns with retail-like liquidity will continue to be tested as the sector evolves.
- Asset Management Strategy Adjustment: Blackstone plans to increase its share buyback to 7% to meet redemption requests, demonstrating its response strategy under liquidity pressure while also reflecting a commitment to maintaining market confidence.
- Market Risk Intensification: Concerns over loan quality and AI-related risks have led to declines in stock prices for Blackstone and other alternative asset managers, indicating a weakening market confidence in the private credit industry.
See More
Apollo Global Management Faces Securities Class Action Lawsuit
- Deadline for Filing: ClaimsFiler reminds investors that those who purchased Apollo Global Management (NYSE: APO) securities between May 10, 2021, and February 21, 2026, must file lead plaintiff applications by May 1, 2026, or risk losing their rights to claim.
- Legal Allegations: Apollo and certain executives are accused of failing to disclose material information during the class period, violating federal securities laws, including undisclosed communications with Jeffrey Epstein, which has harmed the company's reputation and investor confidence.
- Impact of Misstatements: The lawsuit alleges that Apollo's claim of never having done business with Epstein is false, potentially leading investors to misjudge the company's future business and operations, which could adversely affect stock performance.
- Legal Support Access: Investors can visit ClaimsFiler's website to access information, register for free to gain access to settlement websites for various securities class action cases, and submit inquiries for free case evaluations to ensure their legal rights are protected.
See More
Apollo Global Management Faces Securities Fraud Class Action Lawsuit
- Lawsuit Background: A securities fraud class action lawsuit has been filed by Glancy Prongay Wolke & Rotter LLP on behalf of investors who acquired Apollo Global Management (APO) securities between May 10, 2021, and February 21, 2026, alleging the company failed to disclose ties to Jeffrey Epstein, resulting in investor losses.
- Stock Price Volatility: Following a February 1, 2026, Financial Times article revealing CEO Marc Rowan's communications with Epstein, Apollo's stock price fell 5.7% over two days to close at $126.85, indicating market concerns about the company's reputation.
- Calls for Further Investigation: On February 17, 2026, the American Federation of Teachers and the American Association of University Professors urged the SEC to investigate Apollo's ties to Epstein, leading to a further 5.4% drop in stock price to $118.34, reflecting investor skepticism regarding the company's transparency.
- Ongoing Impact: A CNN report on February 21, 2026, detailing Apollo's entanglement with Epstein caused the stock price to decline by 5% to $113.73, highlighting a significant erosion of investor confidence in the company's future prospects.
See More
Apollo Global Management Faces Class Action Lawsuit
- Class Action Initiated: The Portnoy Law Firm has launched a class action on behalf of investors who purchased Apollo Global Management securities between May 10, 2021, and February 21, 2026, with a deadline for lead plaintiff motions set for May 1, 2026, indicating significant legal exposure for the company.
- Reputation Damage: The lawsuit alleges that Apollo's executives frequently communicated with Jeffrey Epstein in the 2010s, contradicting the company's claims of no business ties, which could severely harm its reputation and undermine investor confidence.
- Stock Price Volatility: Following a February 1, 2026 article in The Financial Times about CEO Marc Rowan consulting Epstein on tax matters, Apollo's stock price fell nearly 6% over two trading days, highlighting the market's sensitivity to negative news.
- Ongoing Impact: Subsequent reports on February 17 and February 21 by The Financial Times and CNN regarding Apollo's ties to Epstein led to further stock declines of over 5%, demonstrating the persistent legal and reputational risks that could have far-reaching implications for the company's future performance.
See More
