Novolex, a packaging company backed by Apollo Global Management, struck a deal to buy publicly traded Pactiv Evergreen for around $3.22 billion The companies Monday said Novolex will pay $18 a ...

The Novolex-Pactiv deal, supported by funds managed by affiliates of Apollo and Canada Pension Plan Investment Board, would allow the merged company to deliver 250 brands, along with expanded ...

The deal is supported by Apollo, the majority shareholder of Novolex since 2022, and Canada Pension Plan Investment Board (CPP Investments). CPP Investments will contribute about $1 billion and ...

Charlotte, N.C.-based Novolex is owned by private equity firms Apollo Global Management and Carlyle Group, while Pactiv Evergreen is publicly traded with majority control owned by New Zealand ...

Private-equity t firm Apollo (APO) has been the majority shareholder of Novolex since 2022. Pactiv and Novolex said the deal, valued at $6.7 billion including debt, is set to close in mid-2025.

The combined company will be led by Novolex Chairman and CEO Stan Bikulege. This transaction is supported by funds managed by affiliates of Apollo (the “Apollo Funds”), the majority ...

Dec 9 (Reuters) - Packaging firm Novolex will buy rival Pactiv Evergreen (PTVE.O), opens new tab in a $6.7 billion deal, as the Apollo Global Management-owned (APO.N), opens new tab firm looks to ...

Apollo Global Management-owned packaging company Novolex has signed a definitive agreement with Pactiv Evergreen to merge into a combined entity in an all-cash deal valued at $6.7bn. Expected to ...

“We look forward to working alongside Apollo with Stan and the management team to realize the potential of the combined company.” Under the terms of the agreement, Novolex will ...

(Reuters) -Packaging firm Novolex will buy rival Pactiv Evergreen in a $6.7 billion deal, as the Apollo Global Management-owned firm looks to bolster its business of food and beverage packaging in ...

(Reuters) -Packaging firm Novolex will buy rival Pactiv Evergreen in a $6.7 billion deal, as the Apollo Global Management-owned firm looks to bolster its business of food and beverage packaging in a ...