OM Group acquired by Apollo Affiliated Funds for $1.03 billion
Client(s) OM Group, Inc.
Jones Day advised OM Group, Inc. in its acquisition by funds managed by affiliates of Apollo Global Management, LLC, for $34.00 per share in cash, or approximately $1.03 billion. Platform Specialty Products has acquired OM Group's Electronic Chemicals and Photomasks businesses from the Apollo Funds in two separate transactions for total cash consideration of $365 million. Following the transactions, the Apollo Funds owned OM Group's Magnetic Technologies, Battery Technologies, and Advanced Organics businesses.
In addition to M&A representation, Jones Day provided antitrust and employee benefits advice regarding this transaction.