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Apollo Impact to Acquire Approx. 67% Stake in RDM Group, Leading European Producer of Recycled Cartonboard


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Transaction to be followed by tender offer to de-list RDM group
RDM, a leader in the circular economy, represents Apollo s first investment from its Impact platform
NEW YORK, July 05, 2021 (GLOBE NEWSWIRE) Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, Apollo or the Firm ) today announced that certain funds managed by its affiliates (the Apollo Funds ) have entered into definitive agreements to acquire a majority stake in Reno De Medici S.p.A. ( RDM , or the Company or the Issuer ) (BIT: RM/BME: RDM), a leading producer of recycled cartonboard in Europe.
Apollo Funds will acquire approx. 67% equity ownership in RDM from the Company s top two shareholders, Cascades Inc. (TSX:CAS) and Caisse de dépot et placement du Québec for EUR 1.45 per share (with no adjustments, save as further detailed below), representing a 24% premium to the 90-day volume weighted average share price. The closing of the transaction ....

Iberian Peninsula , Spain General , Andrea Moneta , Latham Watkins , Rimini Bidco , Marc Becker , Joanna Reiss , Lisa Hall , Joanna Rose , Peter Mintzberg , Michele Bianchi , Borsa Italiana , Rothschild Co , Global Head Of Corporate Communications , Apollo Global Management Inc , Apollo Impact Advisory Committee , Allen Overy , Madrid Stock Exchange Market , Jones Day , Cascades Inc , Global Management , Senior Partner , Apollo Impact , Senior Advisor , Apollo Funds , Mandatory Offer ,

Apollo Global Management, Inc.: Apollo Impact to Acquire Approx. 67% Stake in RDM Group, Leading European Producer of Recycled Cartonboard

Apollo Global Management, Inc.: Apollo Impact to Acquire Approx. 67% Stake in RDM Group, Leading European Producer of Recycled Cartonboard
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Iberian Peninsula , Spain General , Andrea Moneta , Latham Watkins , Rimini Bidco , Marc Becker , Joanna Reiss , Lisa Hall , Joanna Rose , Peter Mintzberg , Michele Bianchi , Borsa Italiana , Rothschild Co , Global Head Of Corporate Communications , Apollo Global Management Inc , Apollo Impact Advisory Committee , Allen Overy , Madrid Stock Exchange Market , Jones Day , Cascades Inc , Global Management , Senior Partner , Apollo Impact , Senior Advisor , Apollo Funds , Mandatory Offer ,