PwC advised the new majority owner of Graanul Invest

Apollo Global Management, a global US-based asset manager listed on the New York Stock Exchange, recently announced that it would acquire a majority stake in AS Graanul Invest, the largest producer of sustainable wood pellets in Europe and one of the largest producers globally.

Apollo Global Management is a high-growth, global alternative asset manager with a turnover of $2.2 billion and a profit of $156 million last year. The company manages approximately $461 billion in assets.

In this transaction, PwC provided support to Apollo Global Management by advising the latter on financial and tax issues related to the acquisition process and providing tax due diligence services. The team included PwC tax experts Hannes Lentsius, Martin Lehtis, Tanja Kriisa and Piret Pukk.

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• Graanul Invest