M&A Deal Summary

Apollo Global Management and Sankaty Advisors Acquire Aleris International

On February 5, 2010, asset manager Apollo Global Management and Sankaty Advisors acquired metals/mining company Aleris International for 690M USD

Acquisition Highlights
  • This is Apollo Global Management’s 1st and Sankaty Advisors’ 1st transaction in the Metals/Mining sector.
  • This is Apollo Global Management’s 42nd and Sankaty Advisors’ largest (disclosed) transaction.
  • This is Apollo Global Management’s 19th and Sankaty Advisors’ 2nd transaction in the United States.
  • This is Apollo Global Management’s 1st and Sankaty Advisors’ 1st transaction in Ohio.
Investment Fate
  • Aleris International was sold to a strategic buyer in 2018 for 2.6B USD.

M&A Deal Summary
Date 2010-02-05
Target Aleris International
Sector Metals/Mining
Buyer(s) Apollo Global Management
Sankaty Advisors
Deal Type Special Situations/Distressed
Deal Value 690M USD

Target

Aleris International

Cleveland, Ohio, United States
Aleris International is a producer of aluminum rolled products and extrusions, aluminum recycling and specification alloy production. Major customers include some of the world’s largest companies in the aerospace, building and construction, containers and packaging, metal distribution, and transportation industries. Aleris serves these customers with its low-cost, flexible, technically advanced and strategically located manufacturing operations supported by industry-leading research and development.

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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 22 of 140
Sector (Metals/Mining) 1 of 4
Type (Special Situations/Distressed) 2 of 6
State (Ohio) 1 of 4
Country (United States) 19 of 101
Year (2010) 1 of 6
Size (of disclosed) 42 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-23 Panolam Surface Systems

Shelton, Connecticut, United States

Panolam Surface Systems is a manufacturer of thermally fused melamine (TFM) panels and high-pressure laminates (HPL). TFM and HPL are used to manufacture kitchen and bath cabinetry, residential and commercial furniture, store fixtures and counter-tops. Panolam Industries International was founded in 1997 and is based in Shelton, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-26 CKE Restaurants

Franklin, Tennessee, United States

CKE Restaurants is a franchisor and operator of quick-service restaurants. CKE owns, operates and franchises some of the most popular brands in the quick-service restaurant industry, including the Carl’s Jr., Hardee’s, Green Burrito and Red Burrito. CKE Restaurants was founded in 1941 and is based in Franklin, Tennessee.

Buy $1.0B
Buyer

Sankaty Advisors

Boston, Massachusetts, United States
Category Company
Founded 1998
Sector Financial Services
DESCRIPTION

Sankaty Advisors is the independently-managed credit affiliate of Bain Capital, LLC and a private managers of fixed income and credit instruments. Founded in 1998 and now managing more than $24 billion of assets, Sankaty has an integrated team of 200 people that enables the firm to invest up and down the capital structure, and to conduct rigorous, independent analysis of thousands of corporate issuers.

DEAL STATS #
Overall 2 of 3
Sector (Metals/Mining) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-18 Airvana

Chelmsford, Massachusetts, United States

Airvana LP is a provider of 4G LTE and 3G small cell solutions that enable people to access communications, information and entertainment in the most challenging and high-value environments—offices, public venues and homes.

Buy $530M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 Lambert Smith Hampton

London, United Kingdom

Lambert Smith Hampton (LSH) is a commercial property consultancy operating from a national network of 27 offices based in the UK and Ireland. The company offers a wide range of consultancy and transactional services to an enviable private and public sector client base. LSH’s revenues are diversified by client, geography and service line.

Buy -
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