M&A Deal Summary

Apollo Global Management and Irenic Capital Management Acquire Arconic

On May 4, 2023, asset manager Apollo Global Management and growth capital firm Irenic Capital Management acquired manufacturer Arconic for 5.2B USD

Acquisition Highlights
  • This is Apollo Global Management’s 3rd and Irenic Capital Management’s 1st transaction in the Manufacturing sector.
  • This is Apollo Global Management’s 11th and Irenic Capital Management’s largest (disclosed) transaction.
  • This is Apollo Global Management’s 93rd and Irenic Capital Management’s 1st transaction in the United States.
  • This is Apollo Global Management’s 7th and Irenic Capital Management’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2023-05-04
Target Arconic
Sector Manufacturing
Buyer(s) Apollo Global Management
Irenic Capital Management
Deal Type Going Private
Deal Value 5.2B USD
Advisor(s) Evercore Group LLC
Goldman Sachs Investment Banking Division (Financial)
Wachtell, Lipton, Rosen & Katz LLP (Legal)

Target

Arconic

Pittsburgh, Pennsylvania, United States
website
Arconic is a manufacturer of aluminum sheet and plate products for the aerospace, automotive, commercial transportation, brazing and industrial markets. Arconic was founded in 1888 and is based in Pittsburgh, Pennsylvania.

Search 184,358 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

website


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 126 of 129
Sector (Manufacturing) 3 of 3
Type (Going Private) 29 of 29
State (Pennsylvania) 7 of 7
Country (United States) 93 of 95
Year (2023) 3 of 6
Size (of disclosed) 11 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-14 Univar

Downers Grove, Illinois, United States

Univar Solutions is a global chemical and ingredient distributor and provider of value-added services to customers across a wide range of industries. With the industry's largest private transportation fleet and North American sales force, a vast supplier network, deep market and regulatory knowledge, world-class formulation and recipe development, unparalleled logistics know-how, and industry-leading digital tools, Univar Solutions is a committed ally to customers and suppliers, helping them anticipate, navigate, and leverage meaningful growth opportunities. Univar was founded in 1924 and is based in Downers Grove, Illinois.

Buy $8.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-30 Riverbed

San Francisco, California, United States

Riverbed is a provider of software for mobile computing applications services. Riverbed delivers application performance for the globally connected enterprise. It helps clients in implementing strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery. Riverbed was founded in 2002 and is based in San Francisco, California.

Sell -
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Going Private) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1