Apollo Global Management (APO) Enters Definitive Agreement to Acquire Taminco Group Holdings
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Affiliates of Apollo Global Management, LLC (NYSE: APO) announced today that they have signed a definitive agreement to acquire Taminco Group Holdings (“Taminco”), the largest independent global producer of alkylamines and their derivatives, from affiliates of CVC Capital Partners for approximately €1.1 billion. The acquisition is expected to close in the first half of 2012 and is subject to customary closing conditions.
"We are extremely pleased to announce this acquisition by Apollo,” said Laurent Lenoir, CEO of Taminco. “Apollo has a proven track record of making successful investments in chemical businesses and we are excited about partnering with them to further develop and grow our business. We expect this relationship will provide considerable strategic benefit to our customers and employees around the world.”
"We are extremely pleased to announce this acquisition by Apollo,” said Laurent Lenoir, CEO of Taminco. “Apollo has a proven track record of making successful investments in chemical businesses and we are excited about partnering with them to further develop and grow our business. We expect this relationship will provide considerable strategic benefit to our customers and employees around the world.”
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