M&A Deal Summary

Apollo Global Management Acquires Vectra

On June 1, 2015, asset manager Apollo Global Management acquired chemicals company Vectra for 1.0B USD

Acquisition Highlights
  • This is Apollo Global Management’s 4th transaction in the Chemicals sector.
  • This is Apollo Global Management’s 36th largest (disclosed) transaction.
  • This is Apollo Global Management’s 35th transaction in the United States.
  • This is Apollo Global Management’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2015-06-01
Target Vectra
Sector Chemicals
Buyer(s) Apollo Global Management
Deal Type Going Private
Deal Value 1.0B USD
Advisor(s) BNP Paribas Corporate and Investment Banking (Financial)
Jones Day (Legal)

Target

Vectra

Cleveland, Ohio, United States
Vectra is a provider of specialty chemicals, advanced materials, electrochemical energy storage, magnetic materials and unique technologies crucial to enabling customers to meet increasingly stringent market and application requirements. Vectra was founded in 1991 and is based in Cleveland, Ohio.

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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 51 of 140
Sector (Chemicals) 4 of 4
Type (Going Private) 11 of 31
State (Ohio) 2 of 4
Country (United States) 35 of 101
Year (2015) 7 of 11
Size (of disclosed) 36 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 EaglePicher Technologies

Joplin, Missouri, United States

EaglePicher Technologies is a provider of batteries and energetic devices for the defense, space and commercial industries, and provides the most experience and broadest capability in battery electrochemistry of any battery supplier. EaglePicher Technologies offers a wide range of battery technology including thermal, nickel hydrogen, lithium carbonmono-fluoride, lithium thionyl chloride, lithium manganese dioxide, lithium sulfur dioxide, lithium ion, reserve lithium oxyhalide, custom battery assemblies and silver zinc batteries. EaglePicher Technologies was founded in 1942 and is based in Joplin, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-08 Verallia

Courbevoie, France

Verallia produces and sells glass packaging products for beverages and food industry worldwide. It provides bottles and jars for still and sparkling wines, spirits, food products, beers, soft drinks, and mineral water. Verallia was founded in 1827 and is based in Courbevoie, France.

Buy €3.0B
Mergr

Product

Company

Legal