Apollo Funds to Acquire Everi Holdings and IGT Gaming & Digital in $6.3B All-Cash Deal

Apollo Funds Acquire IGT's Gaming & Digital Business from Brightstar Lottery

July 1, 2025

Media & Entertainment

Funds managed by affiliates of Apollo Global Management completed the acquisition of International Game Technology PLC’s Gaming & Digital business from Brightstar Lottery (formerly IGT). Brightstar received approximately $4.0 billion of net cash proceeds, which it will use to reduce near-term debt, return $1.1 billion to shareholders (a $3.00 per-share special dividend plus a $500 million repurchase authorization), and fund other corporate priorities; Brightstar will continue to trade as Brightstar Lottery (BRSL).

Apollo Funds Acquire Evri from Advent International

July 25, 2024

Logistics & Distribution

Funds managed by Apollo (Apollo Funds) have agreed to acquire Evri, one of the UK’s largest parcel delivery companies, from Advent International, with Otto Group divesting its remaining minority stake. The transaction is expected to close in Q3 2024; financial terms were not disclosed. Apollo cites Evri's differentiated last-mile model, technology and infrastructure as reasons for the investment and will partner with Evri's management to support further growth.

Apollo Funds Agree to Buy Majority Stake in OEG Energy Group

March 28, 2025

Energy

Apollo funds and affiliates have agreed to acquire a majority stake in OEG Energy Group, an offshore energy solutions provider serving oil and gas and offshore wind. The deal values OEG at over $1 billion on a headline basis and is expected to close in Q2 2025, subject to regulatory approvals and other closing conditions.

Everi Acquires Assets of Video King (VKGS LLC)

April 11, 2023

Media & Entertainment

Everi Holdings Inc. agreed to acquire the majority of assets of VKGS LLC (Video King) for approximately $59 million in cash. The asset purchase expands Everi's addressable market for digital casino gaming content—Video King brings an installed base of more than 50,000 portable electronic bingo tablets, revenue of over $25 million in 2022, and licensing in ~60 jurisdictions.

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 to Acquire Arconic in $5.2B All-Cash Deal

May 4, 2023

Manufacturing

Arconic Corporation entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management in an all-cash transaction valued at approximately $5.2 billion. The deal includes a minority investment from funds managed by affiliates of Irenic Capital Management, and Arconic shareholders will receive $30.00 per share.