Apollo Funds’ Acquisition of ABC Technologies

Paul, Weiss advised certain funds managed by affiliates of Apollo Global Management on the deal.

Funds managed by affiliates of Apollo Global Management, Inc. executed their majority acquisition of ABC Technologies Holdings Inc. from ABC Group Canada LP (ABC LP), an affiliate of funds managed by Cerberus Capital Management, L.P. 

Under the terms of the transaction, funds affiliated with Apollo will purchase 51% of the outstanding common shares of the company (on a fully-diluted basis) from ABC LP for CAD$10.00 per common share. The transaction is subject to customary closing conditions and regulatory approvals from Canada, the United States, Mexico, Spain and Poland. 

ABC Technologies is a leading manufacturer and supplier of custom, highly engineered, technical plastics and lightweighting innovations to the North American light vehicle industry.

Apollo Global Management is one of the largest alternative asset managers serving many of the world’s most prominent investors. 

The Paul, Weiss team included M&A partners Taurie Zeitzer (Picture) and Brian Scrivani; financing partners Brian Kim and Gregory Ezring; investment funds partner Matthew Goldstein and counsel Lisa Koff; and tax partners Brian Grieve and Brad Okun.

Involved fees earner: Gregory Ezring – Paul Weiss Rifkind Wharton & Garrison; Matthew Goldstein – Paul Weiss Rifkind Wharton & Garrison; Brian Grieve – Paul Weiss Rifkind Wharton & Garrison; Brian Kim – Paul Weiss Rifkind Wharton & Garrison; Lisa Koff – Paul Weiss Rifkind Wharton & Garrison; Brad Okun – Paul Weiss Rifkind Wharton & Garrison; Brian Scrivani – Paul Weiss Rifkind Wharton & Garrison; Taurie Zeitzer – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Apollo Global Management;

Author: Martina Bellini