Airopack Technology Group AG

EQS-Adhoc: Airopack Technology Group AG: Strategic Partnership with funds affiliated with Apollo Global Management

EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s): Alliance
Airopack Technology Group AG: Strategic Partnership with funds affiliated with
Apollo Global Management

17.12.2015 / 18:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

Airopack Technology Group AG

Strategic Partnership with funds affiliated with Apollo Global Management

Baar, 17th December 2015- Airopack Technology Group AG ("ATG") is pleased to
announce it has entered into a strategic partnership with funds managed by
affiliates of Apollo Global Management, LLC (NYSE:APO) (together with its
consolidated subsidiaries, "Apollo"). Apollo is a pre-eminent alternative
investment manager with a track record of investment in industry-leading

Funds managed by affiliates of Apollo (the "Apollo Funds") have committed to
support the long-term growth of the Airopack(R) business through a mix of debt
and equity investments totalling up to a maximum of EUR120 million, through a
maximum of EUR80 million secured debt financing and a EUR40 million equity
investment (the "Transaction"). The investment will primarily be used to finance
capital expenditures, working capital, and, to a lesser extent, the buy-out
ATG's joint venture partner in Airolux AG (the "Buy-out"). Both ATG and the
Apollo Funds believe that together they can accelerate the growth potential of
Airopack by improving the time to market, reducing costs, and enhancing the
organizational footprint.

The Apollo Funds' equity investment will be made through an ATG ordinary share
capital increase at an issue price of CHF 11.22, subject to certain adjustments,
and subject to the requisite approvals by ATG's shareholders in a general
meeting to be scheduled in Q1 2016. As part of the Transaction, the shareholders
will also be asked to approve conditional share capital in order to grant the
Apollo Funds warrants entitling them to purchase at nominal value 10% of the
shares outstanding in ATG, calculated post completion of the capital increase.
Q-Invest B.V., ATG's largest shareholder, has committed to vote in favour of the

The Transaction is subject to the execution of the Buy-out, on which discussions
with ATG's joint venture partner have been initiated, and other customary
closing conditions. ATG currently intends to continue its cooperation with its
joint venture partner on the supply of PET preforms and container parts.

The company will communicate further details on the Transaction as soon as
reasonably practicable

Commenting on the announcement, Quint Kelders, CEO of ATG stated: "We are
extremely excited to be entering into a partnership with Apollo to enable
Airopack(R) to achieve its unique growth potential.  Apollo is a strong partner
that will provide us with additional investments and strategic support which is
required to meet today's and future expectations of our customers. Together with
Apollo we can further revolutionize the packaging industry by making dispensers
cleaner, safer and cheaper."

Robert Seminara, Senior Partner for Apollo Private Equity, commented: "Given our
deep heritage of investing in leading packaging companies, we are very excited
to be partnering with Quint and the rest of the management team to expand
Airopack's global footprint."  Ralf Ackermann, Partner in Apollo Credit, added:
"We are very pleased to enter into this transaction with ATG which draws upon
Apollo's deep expertise across the firm's integrated platform and enables Quint
and his team to build on Airopack's success."

ATG have retained Greenhill & Co. as sole financial adviser for the transaction
and are additionally being advised by Citadel International and OXEYE Advisors
as well as Heron Legal, Froriep and Bryan Cave concerning Dutch, Swiss and
English law respectively.

For more information:
Airopack Technology Group AG
Quint Kelders, CEO / Frans van der Vorst, CFO
Zugerstrasse 76b
CH-6340 Baar
TF: +31 416 300 800
E-Mail: /

Press inquiries:
Rob Okhuijsen
+31 6 46651127

About Apollo Global Management

Apollo is a leading global alternative investment manager with offices in New
York, Los Angeles, Houston, Chicago, Bethesda, Toronto, London, Frankfurt,
Madrid, Luxembourg, Mumbai, Delhi, Singapore, Shanghai and Hong Kong.  Apollo
had assets under management of approximately $162 billion as of September 30,
2015 in private equity, credit and real estate funds invested across a core
group of nine industries where Apollo has consideration knowledge and resources.
For more information about Apollo, please

Airopack Technology Group AG is a leading developer and supplier of mechanical
and pressure-controlled dispensing packaging technologies and systems for
manufacturers and suppliers of cosmetics, body care, pharmaceutical and food
products. The revolutionary and worldwide patented Airopack(R) technology offers
a safe, all-plastic pressurized dispenser that is environmentally friendly: no
inhalation risks, no propellants and no unnecessary waste. Unlike other
pressurized dispensers that use propellants Airopack(R) uses just normal
compressed air which results in dispensing a formulation at constant pressure
from start to finish.
Airopack Group does not only offer this patented technology but also has a
Full-service operation. With this Full-service operation Airopack Group provides
a turnkey solution to quickly and easily launch customer products in
Airopack(R). Via the unique Full-service operation Airopack Group can mould,
assemble, sleeve or label, fill and pack Airopack(R) to customer's
specifications. In addition Airopack Group has a highly experienced laboratory
for formulation development and bulk production to ensure the best quality and
Within the context of a joint venture (Airolux AG) with Resilux, the Airopack
Technology Group operates a manufacturing facility in Glarus Nord, Switzerland,
a Full-service operation in Belgium, global R&D and customer service facility in
Waalwijk, the Netherlands and a sales office in Pendergrass, Georgia, United
States of America. With deliveries to the world's largest and leading consumer
brands, Airopack Technology Group reached a key milestone in 2015 with respect
to commercial market entry. The shares of the company are listed on the Swiss
Reporting Standard of the SIX Swiss Exchange since 2010. (Ticker: AIRN / ISIN:

Airopack Technology Group AG
Frans van der Vorst, CFO
Zugerstrasse 76B
6340 Baar
T+41 41 766 35 00

End of ad hoc announcement

17.12.2015 News transmitted by EQS Schweiz AG. - news archive:

The issuer is responsible for the contents of the release.

Language: English

Company:  Airopack Technology Group AG

          Zugerstrasse 76b

          6340  Baar


Phone:    +41 417663500

Fax:      +41 417663509


ISIN:     CH0242606942

Listed:   Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Open Market in Frankfurt ; SIX

End of News EQS Group News Service
424691  17.12.2015 

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