Latham & Watkins Advises Tenneco in US$7.1 Billion Acquisition by Apollo Funds

Cross-border deal team represents the automotive components manufacturer in the take-private transaction.

February 23, 2022

Tenneco (NYSE: TEN) has announced that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo (NYSE: APO) in an all-cash transaction with an enterprise valuation of approximately US$7.1 billion, including debt.

Latham & Watkins LLP represents Tenneco in the transaction with a cross-border deal team led by Chicago M&A partners Bradley Faris and Max Schleusener, with associates William Nahill, Tyler Neal, and Jack DeMeulenaere, and with assistance from Chicago partner Mark Gerstein. Advice was also provided on intellectual property matters by New York partner Jeffrey Tochner, with associate Max Miroff; on real estate matters by Chicago counsel Jeffrey Anderson; on benefits and compensation matters by New York partner Jennifer Pepin, with associate Daniel Gocek; on environmental matters by Houston partner Joel Mack, Los Angeles/Washington, D.C. counsel Joshua Marnitz, and London counsel Michael Green; on tax matters by Chicago partners Diana Doyle and Rene de Vera, with associate Christopher Ohlgart; and on antitrust matters by Brussels partner Héctor Armengod and Hamburg counsel Jana Dammann de Chapto, with associate Nicolas Jung.

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