Apollo Secures Bank Financing for Applus Acquisition

Paul, Weiss advised funds managed by affiliates of Apollo Global Management in obtaining financing commitments from a group of banks to support Apollo’s announced voluntary tender offer for 100% of the shares of Spanish industrial testing company Applus Services, S.A., which values the company at €1.23 billion.

The Paul, Weiss team included, among others, corporate partners Gregory Ezring and David Carmona and counsel Matthew Friedman, and tax counsel Sarah Katz.