Latham Advises Apollo and Tega on US$1.45 Billion Acquisition of Molycop

Latham & Watkins has advised Apollo Global Management, Inc. (Apollo) and Tega Industries Limited (Tega) on the US$1.45 billion acquisition of Molycop, a leading global supplier of grinding media for the mining industry, from American Industrial Partners (AIP), and the financing for the transaction. Latham also advised Apollo solely in relation to the consortium arrangements between Apollo and Tega.

As a result of the acquisition, Tega will become a leading player in the mining sector at a time when mineral demand is poised to grow exponentially, and will operate an extensive manufacturing platform comprising 26 manufacturing facilities across the globe.

The Latham team was led by Singapore corporate partner James Clayton-Payne, New York partner Justin Rosenberg, and Washington, D.C. partners Nicholas Luongo and Marc Granger, with Hong Kong counsel Edward Tang, Singapore counsel Penelope Davey, Singapore associate Elisabeth Ong, Hong Kong associate Jenny Yuan, and Washington, D.C. associates Dustin Davis, Hanks Bird, and Harrison Halberg. Advice was provided on finance matters by Washington, D.C. partners Manu Gayatrinath and Melissa Fabian, with New York associates Jordan Gratch and Katie Prezioso; on tax matters by Silicon Valley partner Katharine Moir and Washington, D.C. associate Abigail Friedman; on employment matters by New York associates Drew Baker, Robin Hellebrekers, Jocelyn Wexler, and Jenny Bobbitt; on ESG matters by Los Angeles partner Joshua Marnitz, with Washington, D.C. associate Jacqueline Zhang and New York associate Gina Kwon; on DTT matters by Washington, D.C. partner Morgan Brubaker and associates Alice Chen and Daniel Donovan; on real estate matters by New York partner Dara Denberg and associate Michael Nieberg; and on antitrust matters by Washington, D.C. partner David Brenneman and Brussels counsel Philipp Studt, with associates Daniel Muheme and Florence Eicher, and Dusseldorf associate Laura Lange.