An unknown funds managed by Apollo Global Management, Inc. completed the acquisition of an unknown majority stake in Kelvion Holding GmbH from the Triton Fund IV managed by Triton.
Published on 01/14/2026
at 03:20 am IST - Modified on 01/13/2026
An unknown funds managed by Apollo Global Management, Inc. (NYSE:APO) agreed to acquire an unknown majority stake in Kelvion Holding GmbH from the Triton Fund IV managed by Triton for an estimated deal value of ?2 billion on August 13, 2025. The estimated deal value of ?2 billion including debt based on industry speculation as reported by The Financial Post. Triton will maintain a minority interest in Kelvion. The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals, and is expected to close between Q4 2025 and Q1 2026.
UBS AG, J.P. Morgan Securities plc and Barclays Bank PLC (acting through its investment bank) served as financial advisors to the Apollo Funds, while Ramy Wahbeh, Kaisa Kuusk, Florian N. Kamp, Tanya Indisova, Björn Holland, Ryan M. Hicks, Armin Mustafic, Jason Menzies, Jörg Fischer, Ed Gander, Stephen M. Fronk, Jayanthi Sadanandan, Joseph Kimberling, Jen Fernandez, Justine Fassion, Lauren A. Gallagher, Clive Gringras, Cathryn Le Regulski and Craig Francis Dukin of Sidley Austin LLP served as legal counsel on the transaction. Guggenheim Securities, LLC and Morgan Stanley & Co. International plc acted as financial advisors to Triton. David Carmona, Matthew Friedman, Annie Herdman, Matthew Goldstein, Lucy Jenkins, James Parkinson, Ashley Hearn, Caitlin Ludwigsen, Brian Grieve, Deeksha Rathi, Samir Kurani, Charles Crandall, and John Magruder of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to An unknown funds managed by Apollo Global Management, Inc. Siddharth Vedula, Bhavya Arya, Kanishka Iyer, Naomi Manoj, Bishen Jeswant, Soumyashree Chowdhury, Rohini Dayalan of Cyril Amarchand Mangaldas act as legal advisor for Triton. Ben Leyendecker, Florian Sippel, Hendrik Braun, Sebastian Häfele, Moritz Evertz, Juliane Hubert, Frederick Eggert, Maximilian Licht, Melissa Afraz, Alexander Stahl, Michael Ehret, Tim Nobereit, Emanuel Götz, and Jörg Weber of Kirkland & Ellis, Germany act as legal advisor for Triton. Stuart Coventry, Sabrina Goetz, Christian Koenner, and Leon Nedden of Jamieson Corporate Finance LLP advised the Management Team of Kelvion on the majority sale of the business to Apollo.
An unknown funds managed by Apollo Global Management, Inc. (NYSE:APO) completed the acquisition of an unknown majority stake in Kelvion Holding GmbH from the Triton Fund IV managed by Triton on January 13, 2026.
Apollo Global Management, Inc. specializes in alternative asset management. The activity is organized around two sectors:
- sale of retirement savings products: for institutions, companies and individuals;
- alternative asset management: fund management on behalf of pension funds, sovereign wealth funds, institutional and individual investors.
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An unknown funds managed by Apollo Global Management, Inc. completed the acquisition of an unknown majority stake in Kelvion Holding GmbH from the Triton Fund IV managed by Triton.
