Kirkland Advises Triton on Sale of Majority Stake in Kelvion to Apollo
Kirkland & Ellis advises funds advised by Triton on the agreement to sell a majority stake in Kelvion to funds managed by Apollo.
Kelvion is a leading global provider of energy efficient heat exchange and cooling solutions across a broad spectrum of industrial and high-growth end markets and a leader in advanced cooling technologies for data centers. It also plays an enabling role in several key energy transition markets, including carbon capture, hydrogen, electrification, renewables, and heat pumps, delivering highly reliable and sustainable solutions to customers around the globe.
The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals, and is expected to close between Q4 2025 and Q1 2026.
Read the transaction press release
The Kirkland team includes transactional lawyers Ben Leyendecker, Florian Sippel, Hendrik Braun, Sebastian Häfele, Moritz Evertz, Juliane Hubert, Frederick Eggert, Maximilian Licht, Melissa Afraz, Alexander Stahl; tax lawyers Michael Ehret, Tim Nobereit and Emanuel Götz; and debt finance lawyer Jörg Weber.
