Shaun Hartley, Daniel Lennon, Brad Guest, Brad Johnson, David Raab, David Della Rocca
January 24, 2026
Latham & Watkins Advises Novolex and Carlyle in Sale of a Majority Stake in Novolex to Apollo
1 min
AI-made summary
- Apollo and Novolex Holdings LLC announced that funds managed by Apollo affiliates have entered into a definitive agreement to acquire a majority stake in Novolex from funds managed by Carlyle, which will retain a minority interest
- Financial terms of the transaction were not disclosed
- Latham & Watkins LLP is representing Novolex and Carlyle, with a team led by partners Shaun Hartley and Daniel Lennon, and additional advice on tax and benefits matters.
Apollo (NYSE: APO) and Novolex Holdings LLC (Novolex or the Company), a leading global manufacturer of diverse packaging products for the foodservice, delivery and carryout, food processor and industrial markets, have announced that funds managed by Apollo affiliates (the Apollo Funds) have entered into a definitive agreement to acquire the majority of the Company from funds managed by Carlyle (NASDAQ: CG). Carlyle will retain a minority stake in the Company. Financial terms were not disclosed. Latham & Watkins LLP represents Novolex and Carlyle in the transaction with a corporate deal team led by Chicago partner Shaun Hartley and Washington, D.C. partner Daniel Lennon, with associates Brad Guest and Brad Johnson. Advice was also provided on tax matters by New York partner David Raab and on benefits and compensation matters by Washington, D.C. partner David Della Rocca. Hartley and Lennon represented Carlyle in its acquisition of Novolex in 2016.~~
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Shaun Hartley, Daniel Lennon, Brad Guest, Brad Johnson, David Raab, David Della Rocca
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