Apollo Funds to Acquire Majority Stake in Prosol Group

Apollo Funds to Acquire Majority Stake in Novolex

February 14, 2022

Packaging

Funds managed by Apollo affiliates have entered into a definitive agreement to acquire a majority stake in Novolex from funds managed by Carlyle, with Carlyle retaining a minority interest. Novolex, a leading sustainable packaging manufacturer headquartered in Hartsville, South Carolina with more than 10,000 employees and 57 manufacturing facilities, will look to leverage Apollo's resources to expand customer relationships, sustainability initiatives and product innovation.

Apollo Sports Capital Becomes Majority Shareholder of Atlético de Madrid

November 10, 2025

Professional Services

Atlético de Madrid announced a strategic partnership with Apollo Sports Capital, under which Apollo will become the club’s new majority shareholder following an agreement with existing shareholders. The long-term investment is intended to strengthen Atlético de Madrid’s financial position, support continued sporting success, and fund major infrastructure development projects, including the “Ciudad del Deporte” district adjacent to the Riyadh Air Metropolitano stadium. Closing is expected in the first quarter of 2026, subject to regulatory approvals.

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.

Athene and Apollo to Acquire Controlling Stake in Aqua Finance

November 29, 2021

Financial Services

Athene has agreed to acquire a controlling stake in Aqua Finance, a Wisconsin-based consumer lending platform, at a valuation of about $1 billion. Apollo will manage the investment on Athene’s behalf, while funds managed by Blackstone Tactical Opportunities will retain a minority stake.

Apollo Funds Acquire Majority Stake in Bold Production Services

February 12, 2025

Energy

Funds managed by Apollo affiliates have acquired a majority interest in Bold Production Services, a Houston-based provider of contracted natural gas treatment solutions. The investment will support Bold's growth and expansion of its fleet and services to meet rising U.S. natural gas demand across Permian and Eagle Ford basins.

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.