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New Deal


Announced

Apollo Global Management to invest in Momentum Minerals.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Domestic

Single Bidder

Pending

mineral and royalty acquisition fund

Integrated Oil and Gas

Minority

Private

oil refining

Acquisition

Private Equity

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Synopsis

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Investment firm Apollo Global Management agreed to invest in Momentum Minerals, a premier mineral and royalty acquisition fund. Financial terms were not disclosed. "We are excited to continue our strategic relationship with Apollo and believe we are well positioned to accelerate the growth of our minerals and royalties portfolio. We are actively evaluating new acquisition opportunities in the current market," Kevin Lorenzen, Momentum Co-CEO.

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