Apollo Global Management, Inc. (NYSE:APO) is one of the most undervalued growth stocks to buy, according to analysts. On March 24, Apollo Global Management (NYSE:APO) entered into an agreement to acquire Nippon Sheet Glass for about $3.7 billion in enterprise value.

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It becomes the asset manager’s fifth private equity investment in Japan. The transaction is to be completed early next year, subject to shareholder approval. Nippon Sheet has already announced plans to issue new shares worth $1.04 billion to an Apollo entity as part of the deal.

The US asset manager plans to invest equity to support the Japanese company’s financial position. The company’s debt had ballooned to more than 570 billion yen, and the burden of interest payments has become a problem. In addition, Nippon Sheet’s principal lenders are expected to swap a portion of their outstanding loans for equity to shore up Nippon Sheet’s balance sheet.

The acquisition comes amid growing expectations that Nippon Sheet is well-positioned to capitalize on rising demand for architectural glass, automotive glazing, and solar products.

Apollo Global Management, Inc. (NYSE:APO) is a leading global alternative asset manager that specializes in credit, private equity, and real estate investments, managing over $600 billion in assets. It provides capital solutions to businesses, operates extensively in retirement services, and aims to generate income-oriented returns across market cycles for its investors.

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