Univar Acquisition: Apollo Global $8.1B Deal
- Apollo Global Management is set to acquire Univar Solutions Inc., a specialty chemical distributor, in an all-cash transaction valued at $8.1 billion.
- Under the terms of the agreement, Univar Solutions shareholders will receive $36.15 in cash for each share they hold.
- The acquisition of Univar Solutions, a major player in chemical distribution, is anticipated to close in the latter half of 2023.
Apollo Global Management is poised to acquire Univar Solutions in a decisive $8.1 billion deal,a significant move for the specialty chemical distributor. Shareholders will receive $36.15 per share in cash, marking a premium for their existing holdings. This strategic acquisition, inclusive of debt, reflects Apollo’s confidence. The agreement is expected to finalize during the second half of 2023, and Univar will maintain its branding. News Directory 3 keeps you updated on the most impactful business transactions and potential market shifts. Considering the market’s dynamic nature, discover how this purchase could influence industry trends going forward.
Apollo Global to Acquire Univar Solutions for $8.1 Billion
Updated June 01, 2025
Apollo Global Management is set to acquire Univar Solutions Inc., a specialty chemical distributor, in an all-cash transaction valued at $8.1 billion. This figure includes approximately $4 billion in debt financing from a consortium of nine banks. A wholly owned subsidiary of the Abu Dhabi Investment authority will also make a minority investment.
Under the terms of the agreement, Univar Solutions shareholders will receive $36.15 in cash for each share they hold. This represents a 20.6% premium over the company’s closing price on Monday.
The acquisition of Univar Solutions, a major player in chemical distribution, is anticipated to close in the latter half of 2023. Following the completion of the transaction, Univar will continue its operations under its existing name and brand.
chris Pappas, chairman of Univar Solutions’ board of directors, commented on the agreement.
“We are pleased to have reached this agreement with Apollo, which will provide immediate and certain cash value for Univar Solutions shareholders,” saeid Chris Pappas, chairman of the univar Solutions Board of Directors.
The move follows pressure from Engine Capital, a U.S. hedge fund, which last year urged Univar Solutions to explore a potential sale or other strategic alternatives. Earlier in January, discussions between Univar and German chemical distributor Brenntag regarding a possible takeover concluded without a deal.
Goldman Sachs & Co. LLC and Deutsche Bank Securities Inc. are acting as financial advisors to Univar Solutions.Legal counsel is being provided by Wachtell, Lipton, Rosen & Katz, serving as lead counsel, and Paul, Weiss, Rifkind, Wharton & Garrison LLP, serving as legal counsel to the Apollo Funds.
What’s next
Upon completion of the acquisition, Univar Solutions will transition into a privately held entity under the ownership of Apollo Global Management, continuing to operate in the specialty chemical distribution market.