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Affiliates of Apollo Global Management to acquire Taminco Group

Affiliates of Apollo Global Management have signed a definitive agreement to acquire Taminco Group Holdings, the largest independent global producer of alkylamines and their derivatives, from affiliates of CVC Capital Partners for approximately EUR1.1 billion. The acquisition is expected to close in the first half of 2012 and is subject to customary closing conditions.

"We are extremely pleased to announce this acquisition by Apollo,” says Laurent Lenoir, CEO of Taminco. “Apollo has a proven track record of making successful investments in chemical businesses and we are excited about partnering with them to further develop and grow our business. We expect this relationship will provide considerable strategic benefit to our customers and employees around the world.”

Scott Kleinman (pictured), Lead Partner of Apollo’s Private Equity business, says: "Taminco is a superior chemical company with an impressive portfolio of products, strong relationships with its customers, a talented management team, and highly skilled employees. We look forward to building on Taminco’s impressive track record of operational success and helping Taminco to achieve its strategic goals of reinforcing its leadership position in the alkylamines sector and providing a long-term growth platform for its existing and future product portfolio."

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