Investment Summary

Apollo Global Management Invests In RDM Group

On July 5, 2021, asset manager Apollo Global Management invested in forest products company RDM Group from La Caisse and Cascades

Investment Highlights
  • This is Apollo Global Management’s 2nd transaction in the Forest Products sector.
  • This is Apollo Global Management’s 3rd transaction in Italy.

Investment Summary

Date 2021-07-05
Target RDM Group
Sector Forest Products
Investor(s) Apollo Global Management
Sellers(s) La Caisse
Cascades
Deal Type Stake Purchase

Target

RDM Group

Milan, Italy
RDM Group is a producer of coated recycled carton board, the largest in Italy, France, and the Iberian Peninsula. RDM group’s portfolio of products includes mainly recycled cardboard, used mainly for packaging and folding cartons in all the major product sectors. RDM Group is based in Milan, Italy.

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Investor(S) 1

Investor

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 110 of 151
Sector: Forest Products M&A 2 of 2
Type: Stake Purchase M&A Deals 10 of 11
Country: Italy M&A 3 of 3
Year: 2021 M&A 12 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-15 McGraw Hill Education

New York City, New York, United States

McGraw Hill Education is a provider of educational material and learning solutions for students, instructors, and institutions around the world. McGraw Hill Education was founded in 1888 and is based in New York City, New York.

Sell $4.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-23 The New Home

Irvine, California, United States

The New Home is a new generation homebuilder focused on the design, construction, and sale of innovative and consumer-driven homes in key markets across California, Arizona, and Colorado. The Company’s range of product offerings from entry-level up through luxury homes and communities have generated significant organic growth. The New Home was formed in 2009 and is based in Irvine, California.

Buy $338M

Seller(S) 2

SELLER

La Caisse

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 90.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 7 of 21
Sector: Forest Products M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 2
Country: Italy M&A 1 of 1
Year: 2021 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 New Look Vision

Saint-Laurent, Quebec, Canada

New Look Vision is a provider of eye care products and services. The Company has retail sales of optical products which can be grouped into four principal categories: (i) prescription and non-prescription eyewear, (ii) contact lenses, (iii) sunglasses, protective eyewear and reading glasses, and (iv) accessories, such as cleaning products for eyeglasses and contact lenses. New Look Vision was founded in 1986 and is based in Saint-Laurent, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Zevia

Los Angeles, California, United States

Zevia is a provider of naturally sweetened, GMO-free, zero-calorie beverages. Zevia is available in fifteen flavors and is sweetened with Stevia. Zevia was founded in 2007 and is headquartered in Encino, California.

Sell -
SELLER

Cascades

Kingsey Falls, Quebec, Canada

Category Company
Founded 1964
Sector Consumer Products
Employees9,600
Revenue 4.7B CAD (2024)
DESCRIPTION

Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs 11,000 women and men, who work in over 90 production units in North America and Europe. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on while contributing to the well-being of people, communities and the entire planet. Cascades was founded in 1964 and is based in Kingsey Falls, Canada.


DEAL STATS #
Overall 5 of 6
Sector: Forest Products M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Orchids Paper Products

Brentwood, Tennessee, United States

Orchids Paper Products is a manufacturer of tissue paper products serving the private label consumer industry. Orchid Paper's integrated plants have an estimated parent roll capacity of up to 114,000 tons and an estimated converting capacity of up to 114,500 tons. Orchids Paper Products is based in Brentwood, Tennessee.

Buy $207M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-08 Cascades - Flexible Packaging Division

Mississauga, Ontario, Canada

Cascades's Flexible Packaging Division manufactures printed flexible plastic packaging and films. Cascades's Flexible Packaging Division is based in Mississauga, Ontario.

Sell $31M