Kirkland Advises Apollo Funds on the Private Placement of Verallia Shares

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.