Airopack Technology Group AG: Strategic Partnership with funds affiliated with Apollo Global Management Donnerstag, 17. Dezember 2015 - 18:02

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.

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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 companies.

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 Transaction.

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: quint.kelders@airopackgroup.com /
frans.vandervorst@airopackgroup.com
www.airopackgroup.com

Press inquiries:
Rob Okhuijsen
+31 6 46651127
r.okhuijsen@okhuijsencommunicatie.nl

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 visit www.agm.com.

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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 control.

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: CH0242606942).


Airopack Technology Group AG
Frans van der Vorst, CFO
Zugerstrasse 76B
6340 Baar
Switzerland
T +41 41 766 35 00
E frans.vandervorst@airopackgroup.com

www.airopackgroup.com



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