ChyronHego Announces Successful Recapitalization Led by Apollo Investment Corporation
Apollo Investment Corporation - Closed End Fund (AINV)
Last apollo investment corporation - closed end fund earnings: 2/4 04:00 pm
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Source: Business Wire
Sponsorship from leading investor brings expertise, support, and growth capital to ChyronHego MELLVILLE, N.Y.--(BUSINESS WIRE)--ChyronHego, a global leader in live video production and sports technologies, announced a recapitalization led by Apollo Investment Corporation (NASDAQ: AINV), which becomes the majority investor in the business.The transaction provides ChyronHego with enhanced financial flexibility, allowing it to accelerate its investments in product innovation, customer success, and business growth.“We are thrilled to partner with Apollo Investment Corporation in this next stage of ChyronHego’s success,” said Ariel Garcia, ChyronHego’s Chief Executive Officer. “Despite the challenges that COVID-19 brought to our industry, we were able to deliver a strong second half of 2020, including growing our product and engineering teams by 50% and increasing investment in our customer-centric capabilities. This recapitalization will allow us to accelerate investment in our next-ge
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