M&A Deal Summary

Apollo Global Management and Oaktree Capital Management Acquire ABC Technologies

On September 5, 2023, asset managers Apollo Global Management and Oaktree Capital Management acquired automotive company ABC Technologies

Acquisition Highlights
  • This is Apollo Global Management’s 3rd and Oaktree Capital Management’s 3rd transaction in the Automotive sector.
  • This is Apollo Global Management’s 4th and Oaktree Capital Management’s 7th transaction in Canada.
  • This is Apollo Global Management’s 3rd and Oaktree Capital Management’s 3rd transaction in Ontario.

M&A Deal Summary

Date 2023-09-05
Target ABC Technologies
Sector Automotive
Buyer(s) Apollo Global Management
Oaktree Capital Management
Deal Type Going Private
Advisor(s) Blake, Cassels & Graydon (Legal)

Target

ABC Technologies

Toronto, Ontario, Canada
ABC Technologies is a full-service automotive supplier of blow molded and injection molded thermoplastic components and systems including: center consoles, spoilers, bumper systems, HVAC ducts, filters, fluid reservoirs, and other parts. ABC Technologies was founded in 1974 and is based in Toronto, Ontario.

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Buyer(S) 2

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 134 of 140
Sector (Automotive) 3 of 3
Type (Going Private) 30 of 31
State (Ontario) 3 of 3
Country (Canada) 4 of 4
Year (2023) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-22 Catec

Reston, Virginia, United States

Catec is a provider of type iv compressed gas transportation and storage solutions in the united states. Catec’s products and services help its customers to transition away from carbon-intensive fossil fuels towards cleaner solutions such as compressed natural gas (cng), renewable natural gas (rng) and hydrogen. Catec is based in Reston, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 Vacuumschmelze

Hanau, Germany

Vacuumschmelze is a producer of advanced magnetic solutions, rare earth permanent magnets, and inductive components. Vacuumschmelze was founded in 1923 and is based in Hanau, Germany.

Sell -
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 105 of 108
Sector (Automotive) 3 of 3
Type (Going Private) 3 of 3
State (Ontario) 3 of 3
Country (Canada) 7 of 7
Year (2023) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-04 Aqseptence

Aarbergen, Germany

Aqseptence is an international equipment and solutions provider focused on water treatment and liquid/solid separation. The Group offers specialized equipment and solutions to blue-chip customers across a variety of sectors, including water treatment, power, energy, mining, and general industries. Aqseptence is based in Aarbergen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 Consolidated Chassis Management

Rockaway, New Jersey, United States

Consolidated Chassis Management is a cooperative chassis pool manager, managing a fleet of approximately 70,000 marine chassis, with a mission to provide equipment fleet management services to the intermodal marketplace. Consolidated Chassis Management is based in Rockaway, New Jersey.

Buy -