Apollo Funds Complete Acquisition of Majority Stake in Prosol Group From Ardian

Paul, Weiss advised Apollo-managed funds in their acquisition of a majority stake in Prosol Group, a France-based multispecialist in fresh food businesses and food retail, from private equity firm Ardian. Under the terms of the transaction, completed on May 7, Prosol’s existing minority shareholders and management team reinvested alongside the Apollo funds.

The Paul, Weiss team was led by corporate partners David Carmona and Matthew Wilson, and included counsel Ashley Hearn; tax partners Cian O’Connor and Rohit Pisal; and antitrust partners Annie Herdman and James Parkinson.