M&A Deal Summary

Apollo Global Management Acquires Takkion

On January 13, 2020, asset manager Apollo Global Management acquired transportation company Takkion

Acquisition Highlights
  • This is Apollo Global Management’s 3rd transaction in the Transportation sector.
  • This is Apollo Global Management’s 68th transaction in the United States.
  • This is Apollo Global Management’s 10th transaction in Texas.

M&A Deal Summary
Date 2020-01-13
Target Takkion
Sector Transportation
Buyer(s) Apollo Global Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Vinson & Elkins
Scudder Law Firm (Legal)

Target

Takkion

Dallas, Texas, United States
Takkion is a premier multimodal logistics and O&M services provider for the energy transition. Takkion was founded in 2019 and is based in Dallas, Texas.

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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 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 94 of 140
Sector (Transportation) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 13 of 18
State (Texas) 10 of 17
Country (United States) 68 of 101
Year (2020) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Cox Media Group

Atlanta, Georgia, United States

Cox Media Group is an integrated broadcasting, publishing, direct marketing and digital media company that includes the national advertising rep firms of CoxReps. CMG provides valuable local content to viewers in the communities in which it serves. Cox Media operations primarily include 33 high-quality, market-leading television stations in 20 markets, 54 radio stations in 10 markets and numerous over-the-top (OTT) and digital platforms. Cox Media Group's portfolio includes primary affiliates of ABC, CBS, FOX, NBC, and MyNetworkTV, as well as several valuable independent stations. Additionally, the company also offers a full suite of local and regional advertising services with Local Solutions. Cox Media Group is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-06 Covis Pharma

Baarn, Netherlands

Covis Pharma is a global specialty pharmaceutical company that markets therapeutic solutions for patients with life-threatening conditions and chronic illnesses. Covis is focused on marketing and distributing an array of branded products used to treat chronic and life-threatening medical issues and improve patient outcomes in various therapeutic areas including respiratory, cardiovascular, gastroenterology and central nervous system diseases. Covis Pharma is based in Baarn, Netherlands.

Buy -
Mergr

Product

Company

Legal