Tenneco is laying the groundwork for an initial public offering that could value the business at approximately $14bn, as owner Apollo Global Management explores exit options following a four-year holding period, according to a report by Bloomberg.
Apollo Global Management acquired Tenneco in 2022 in a deal valued at around $1.6bn in equity, with an enterprise value exceeding $7bn including debt.
The report cites unnamed people familiar with the process, as revealing that the automotive supplier...
Continue Reading
Sign up for FREE to read the full article and access 170K+ alternative investment headlines.
Alternative Investment News