# Apollo to buy majority stake in Novolex from Carlyle

Apollo Global Management agreed to buy a majority stake in packaging maker Novolex Holdings from Carlyle Group, which will keep a minority stake. Bloomberg's headline cites a $6 billion value, although the article text says financial terms were not disclosed.

- Type: Acquisition
- Announced: 2022-02-14
- Where: United States
- Value: $6.00B
- Status: announced
- Products: packaging products
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Novolex](https://endata.com/companies/331.md) (target)
- [Carlyle Group](https://endata.com/companies/458.md) (partner)
- [Apollo Global Management](https://endata.com/companies/3851.md) (acquirer)

## Sources

- [bloomberg.com](https://www.bloomberg.com/news/articles/2022-02-14/apollo-said-to-near-6-billion-purchase-of-novolex-from-carlyle), 2022-02-14: "Apollo Global Management Inc. will buy a majority stake in Novolex Holdings from Carlyle Group Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.