Kirkland & Ellis is advising Horizon Investment Holdings S.à r.l. (“Horizon”), a company controlled by funds affiliated with Apollo Global Management, Inc., on the sale of 7.7 million Verallia shares representing ca. 6.2% of Verallia’s share capital through an accelerated bookbuild offering to institutional investors.
The sale price of the Placement determined in the accelerated bookbuild offering was set at €24.0 per Verallia share, representing €185m of total gross proceeds for Horizon. Settlement occurred on September 15, 2020.
Following completion of the Placement, Horizon retains a stake of 46.9% of Verallia’s share capital.
The Kirkland team was led by transactional partner Vincent Ponsonnaille and associate Louis Gosset.