NEW YORK (Standard&Poor's) Aug. 6, 2015--Standard&Poor's Ratings Services today said its 'A' issuer credit and senior unsecured debt ratings on Apollo Global Management LLC (AGM) are unaffected by the announcement that the company has agreed to acquire a majority stake in AR Global Investments LLC and a majority stake in RCS Capital's wholesale distribution business. AGM also announced that it has entered into a strategic relationship with RCS' retail wealth management business, Cetera Financial Group. The acquisition of AR Global, which had total assets under management (AUM) of $19 billion as of June 30, 2015, includes $378 million upfront, split between $200 million of cash and $178 million of Apollo equity, plus future performance-related contingency considerations
