Apollo Global Completes Acquisition of Emerald and Questex to Build B2B Events Giant

Key Facts

In a move reflecting the increasing appetite of private equity firms for operational assets with stable cash flows, Apollo-managed funds have completed the acquisitions of Emerald Holding, Inc. and Questex, LLC. According to reports, the merger aims to create a leading, integrated platform for B2B experiential events and media. Apollo seeks to combine these complementary businesses to build a scaled entity capable of driving long-term growth within the trade show and professional media sectors.

This transaction occurs as the events industry experiences a significant rebound, with major investment peers like Blackstone and KKR actively strengthening their professional services portfolios. Compared to previous sector deals, the consolidation of Emerald and Questex grants Apollo control over a vast client base across technology, healthcare, and retail sectors. Per market data, Emerald's transition to private ownership ends its tenure as a public company, providing greater flexibility to execute digital transformation and organic growth strategies.

Regarding market performance, APO stock stood at $118.83 (close July 13, 2026), with the day's range between $118.21 and $120.87 per market data. Investors are now looking toward the release of the FOMC Minutes later today, which could impact financing costs for future M&A activity, alongside the U.S. Initial Jobless Claims data scheduled for release on July 9.