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New Deal


Announced

Completed

Apollo completed the acquisition of Tenneco for $7.1bn.

Financials

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Transaction Value£5,227m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium100.4%
One Off Charge-

Tags

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Public

Acquisition

Privatisation

vehicle components

United States

Auto Parts

Majority

Private Equity

automotive components

Domestic

Single Bidder

auto parts

Friendly

Completed

Synopsis

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Apollo Global Management, an American global alternative investment management firm, completed the acquisition Tenneco, an American automotive components original equipment manufacturer, for $7.1bn. “We are excited for Tenneco to enter this exciting next chapter with Apollo and together see compelling opportunities to accelerate Tenneco’s growth trajectory and enhance operations. I look forward to leading the talented team at Tenneco and serving our customers and partners around the world," Jim Voss, Tenneco CEO.

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