M&A Deal Summary

Apollo Global Management Acquires TTC

On July 16, 2024, asset manager Apollo Global Management acquired leisure company TTC

Acquisition Highlights
  • This is Apollo Global Management’s 4th transaction in the Leisure sector.
  • This is Apollo Global Management’s 101st transaction in the United States.
  • This is Apollo Global Management’s 16th transaction in California.

M&A Deal Summary

Date 2024-07-16
Target TTC
Sector Leisure
Buyer(s) Apollo Global Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Zaoui & Co. (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

TTC

Cypress, California, United States
TTC is a global portfolio of 18 travel brands including Trafalgar, Uniworld Boutique River Cruises, Insight Vacations, Contiki, and Brendan Vacations. TTC is based in Cypress, California.

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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 138 of 151
Sector: Leisure M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 18
State: California M&A 16 of 17
Country: United States M&A 101 of 108
Year: 2024 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-26 U.S. Silica

Katy, Texas, United States

U.S. Silica is a commercial silica sand provider with a focus on performance materials that are essential to modern living. U.S. Silica was founded in 2008 and is based in Katy, Texas.

Buy $1.9B
FOLLOWING 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 -