M&A Deal Summary

Apollo Global Management Acquires Evri

On July 25, 2024, asset manager Apollo Global Management acquired business services company Evri from Advent International

Acquisition Highlights
  • This is Apollo Global Management’s 7th transaction in the Business Services sector.
  • This is Apollo Global Management’s 10th transaction in the United Kingdom.

M&A Deal Summary
Date 2024-07-25
Target Evri
Sector Business Services
Buyer(s) Apollo Global Management
Sellers(s) Advent International
Deal Type Secondary Buyout

Target

Evri

Leeds, United Kingdom
Evri is a parcel delivery company with a strong national network purpose-built for third-party e-commerce parcels and a differentiated last-mile delivery model. Evri was formed in 2022 and is based in Leeds, United Kingdom.

Search 197,704 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 45.0B 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 136 of 137
Sector (Business Services) 7 of 7
Type (Secondary Buyout) 29 of 29
Country (United Kingdom) 10 of 10
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Tops

Midland, Texas, United States

Tops is a provider of contract gas compression services for the Permian Basin. TOPS specializes in lower emission, electrically driven compression for gas lift, and other applications. TOPS’ natural gas compressors feature industry-leading technology allowing for complete remote monitoring of all operating conditions. These features ensure industry-leading up-time and transparency, and a compressor package is built to take advantage of the latest automation enhancements. Tops is based in Midland, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 Beequip

Rotterdam, Netherlands

Beequip offers financing and leasing solutions for new and used heavy equipment spanning transport, cranes, containers, maritime, and more. Beequip was founded in 2015 and is based in Rotterdam, Netherlands,

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 219 of 220
Sector (Business Services) 15 of 15
Type (Secondary Buyout) 58 of 58
Country (United Kingdom) 28 of 28
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 Aareon

Mainz, Germany

Aareon is a provider of ERP software and digital solutions for the European property industry, Aareon is setting the standards for the management of complex business processes. Aareon is based in Mainz, Germany.

Sell €3.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-12 Seek Pet Food

Shandong, China

Seek Pet Food is a manufacturer of kibbles in China and offers a variety of pet food products in the premium and mid-end segments. The product range includes kibbles, baked food, freeze-dried food, wet cans, wet pouches, and treats. Seek Pet Food was established in 2012 and is based in Shandong, China.

Buy -
Mergr

Product

Company

Legal