Apollo Funds to Acquire Arconic in $5.2B All-Cash Deal

Apollo Funds to Acquire Tenneco in $7.1 Billion All-Cash Deal

February 23, 2022

Industrial Services

Tenneco entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo for an all-cash enterprise value of approximately $7.1 billion, including debt. The deal values Tenneco at $20.00 per share and is expected to close in the second half of 2022, subject to customary conditions including shareholder and regulatory approvals.

Apollo Funds Completes Acquisition of Barnes Group for $3.6 Billion

January 27, 2025

Industrial Services

Funds managed by affiliates of Apollo Global Management (the Apollo Funds) completed an all-cash acquisition of Barnes Group, valuing Barnes at approximately $3.6 billion. Barnes shareholders received $47.50 per share, and Barnes was delisted from the NYSE to become privately held.

Univar Solutions Acquired by Apollo Funds in $8.1 Billion Deal

August 1, 2023

Industrial Services

Apollo Funds, including a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), will acquire Univar Solutions in an all-cash transaction valued at approximately $8.1 billion. Under the terms of the agreement, Univar shareholders will receive $36.15 per share, and Univar will become privately held after completion.

ACON Investments Closes $700M Continuation Fund for New Era Cap

August 4, 2022

Consumer Products

ACON Investments closed ACON Strategic Partners II, a single-asset continuation fund of approximately $700 million to effect a partial sale of its ACON Equity Partners IV stake in New Era Cap and to increase its existing ownership. New and continuing investors — led by Apollo Global Management, GCM Grosvenor, Hamilton Lane and Neuberger Berman — joined the fund, and Major League Baseball, the National Football League and the National Basketball Association took minority equity positions as part of the transaction to support New Era's global growth and DTC/retail expansion.

Apollo-Managed Funds Acquire 49% of Intel’s Fab 34 JV in Leixlip, Ireland for $11 Billion

June 5, 2024

Manufacturing

Apollo-managed funds and affiliates will invest $11 billion to acquire a 49% equity interest in a joint venture entity related to Intel’s Fab 34 in Leixlip, Ireland. Intel will retain 51% controlling interest, along with full ownership and operational control of Fab 34 and its assets, while the JV provides manufacturing wafer capacity on a cost-plus-margin basis.

Apollo Funds To Acquire Majority Stake in Kelvion

August 13, 2025

Industrial Services

Apollo plans to acquire a majority stake in Kelvion, a global provider of energy-efficient heat exchange and cooling solutions, in a deal valued at about €2 billion. Apollo will purchase the stake from funds advised by Triton, which will retain a minority interest; the transaction is expected to close after regulatory approvals, between Q4 2025 and Q1 2026.