Apollo Global Management is in advanced discussions to acquire a significant minority stake in Syntegon, the German packaging machinery manufacturer owned by CVC Capital Partners, according to a report by Bloomberg citing unnamed sources familiar with the matter.
The US private equity firm has emerged as the frontrunner for the stake, ahead of other interested PE bidders. The deal, if completed, could value Syntegon at around €4bn ($4.6bn), though negotiations could still extend or fall through,...
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