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Announced

Completed

Apollo Global completed the acquisition of a 67% stake in Reno De Medici from CDPQ and Cascades for $433m.

Financials

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Transaction Value£312m
Consideration TypeCash
Capital Owned-
Capital Bid For67%
EV/Sales1x
EV/EBITDA7x
Share Price Premium-
One Off Charge-

Tags

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Containers and Packaging

recycled cartonboard

Majority

Friendly

Italy

Mandatory Offer

Acquisition

Privatisation

Public

Cross Border

Single Bidder

Private Equity

Completed

Synopsis

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Apollo Global completed the acquisition of a 67% stake in Reno De Medici, a recycled cartonboard producer in Europe, from CDPQ and Cascades, a Canadian company that produces, converts, and markets packaging and tissue products, for $433m. “As the inaugural investment led by the Apollo Impact platform, RDM reflects our strategy to find good businesses where we believe we can drive financial and impact performance to increase their beneficial effects on society and the planet," Marc Becker, Apollo Impact Senior Partner and Co-Lead.

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