An unknown funds managed by Apollo Global Management, Inc. completed the acquisition of an unknown majority stake in Kelvion Holding GmbH from the Triton Fund IV managed by Triton.
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Apollo Global Management, Inc. has acquired a majority stake in Kelvion Holding GmbH from Triton Fund IV for an estimated €2 billion. The deal, which includes debt, is subject to regulatory approvals and is expected to close between Q4 2025 and Q1 2026. Triton will retain a minority interest in Kelvion. Financial advisors for Apollo included UBS AG, J.P. Morgan, and Barclays, while Triton was advised by Guggenheim Securities and Morgan Stanley. The acquisition was completed on January 13, 2026.
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