M&A Deal Summary

Apollo Global Management Acquires Constellium

On January 4, 2011, asset manager Apollo Global Management acquired metals/mining company Constellium from Rio Tinto

Acquisition Highlights
  • This is Apollo Global Management’s 2nd transaction in the Metals/Mining sector.
  • This is Apollo Global Management’s 1st transaction in France.
Investment Fate
  • Constellium went public in 2013.

M&A Deal Summary

Date 2011-01-04
Target Constellium
Sector Metals/Mining
Buyer(s) Apollo Global Management
Sellers(s) Rio Tinto
Deal Type Divestiture

Target

Constellium

Paris, France
Constellium develops aluminum products and solutions for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium was founded in 2010 and is based in Paris, France.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 28 of 152
Sector: Metals/Mining M&A 2 of 4
Type: Divestiture M&A Deals 3 of 28
Country: France M&A 1 of 6
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 Brit Insurance

London, United Kingdom

Brit Insurance's operations are primarily in London, although the group is headquartered in Amsterdam, Netherlands. The company writes a diverse portfolio of over 70 classes of insurance and reinsurance, which include accident and health, aerospace, marine, professional risks, liability, property and packages, war and terrorism, and small business insurance policies. The scope is wide-ranging from sole traders to the larger multinational corporations; from manufacturers to professional services; and from shops to satellites.

Buy £888M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-18 Connections Academy

Baltimore, Maryland, United States

Connections Academy operates 'virtual schools' under management contracts from state charter schools and school districts. This arrangement provides the structure of traditional brick-and-mortar schooling and eliminates the cost to parents. Parents or other 'Learning Coaches' assist with the day-to-day learning using the Company's proven curriculum that incorporates comprehensive daily lesson plans, textbooks from leading educational publications, and online lessons.

Sell $400M

Seller(S) 1

SELLER

Rio Tinto

London, United Kingdom

Category Company
Founded 1873
Sector Metals/Mining
Employees60,000
Revenue 53.7B USD (2024)
DESCRIPTION

Rio Tinto is a mining and metals company. The company engages in finding, mining, and processing the Earth's mineral resources. The company takes a long-term, disciplined approach, developing and running long-life, low-cost, expandable operations that are capable of delivering value throughout the cycle. Rio Tinto was founded in 1873 and is based in London, England.


DEAL STATS #
Overall 5 of 14
Sector: Metals/Mining M&A 5 of 11
Type: Divestiture M&A Deals 5 of 12
Country: France M&A 1 of 3
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 Clermont Mine

Australia

Clermont now produces approximately 12 million metric tonnes of high energy thermal coal with relatively low ash and sulphur using a truck and shovel method. Clermont is a large scale open-cut operation, located approximately 12 kilometres from the town of Clermont in central Queensland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-17 Riversdale Mining

Australia

Riversdale Mining Ltd engages in the exploration, mining, and development of various resource projects.

Buy -