Apollo Funds to Acquire Tenneco for $7.1 Billion

Apollo Funds Complete Acquisition of Barnes Group

January 27, 2025

Manufacturing

Funds managed by affiliates of Apollo Global Management have completed the all-cash acquisition of Barnes Group Inc. for an enterprise value of approximately $3.6 billion. The transaction takes Barnes private—Barnes shareholders received $47.50 per share—and Apollo said it will support the company’s transformation strategy and growth across aerospace and industrial end markets.

Athene and Apollo Acquire Majority Stake in Aqua Finance at ~$1B Valuation

November 29, 2021

Financial Services

Athene agreed to acquire a controlling stake in Aqua Finance, a Wisconsin-based consumer lending platform, from funds managed by Blackstone Tactical Opportunities at a valuation of approximately $1 billion. Apollo will manage the investment on behalf of Athene, while Blackstone will retain a minority stake; the investor group plans to support growth through technology investments and expanded origination capacity.

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 Funds Acquire U.S. Silica Holdings

July 31, 2024

Manufacturing

Funds managed by affiliates of Apollo (Apollo Funds) completed the acquisition of U.S. Silica Holdings, Inc., taking the company private for $15.50 per share. U.S. Silica will continue to operate under its existing management team and brand in Katy, Texas, as Apollo seeks to support growth and leverage the company's reserve base, logistics capabilities and materials expertise.

Standard General to Acquire TEGNA for $24.00 Per Share

February 22, 2022

Media & Entertainment

An affiliate of private investment firm Standard General has agreed to acquire TEGNA Inc. for $24.00 per share in cash in a transaction with an equity value of approximately $5.4 billion. Cox Media Group and funds managed by affiliates of Apollo Global Management will hold non-voting interests in the acquiring entity, and certain TEGNA stations are expected to be divested to Cox following closing; the deal will take TEGNA private pending shareholder and regulatory approvals.

ABC Technologies Acquires TI Fluid Systems to Create TI Automotive

April 19, 2025

Automotive

ABC Technologies completed its acquisition of TI Fluid Systems plc for an enterprise value of over £1.8 billion and the combined business will rebrand as TI Automotive. The deal creates a larger, propulsion‑agnostic Tier 1 supplier with combined pro forma revenue of $5.4 billion and ~34,600 employees, and the combined business will be majority owned by funds affiliated with Apollo Global Management with Oaktree Capital holding a minority interest.