Apollo Funds Complete Acquisition of Prosol Group

Apollo (NYSE: APO) announced that Apollo-managed funds completed the acquisition of a majority stake in Prosol Group on May 7, 2026.

Rhea-AI Summary

Apollo (NYSE: APO) announced that Apollo-managed funds completed the acquisition of a majority stake in Prosol Group on May 7, 2026. Prosol, founded in 1992, operates or supplies nearly 450 stores across France under banners including Grand Frais and fresh.

Existing minority shareholders and management reinvested alongside the Apollo Funds. Jean-Paul Mochet will remain CEO. UBS served as lead financial advisor; Royal Bank of Canada and Lazard also advised. Sidley Austin, Paul Weiss, and Cleary Gottlieb acted as legal counsel.

Positive

• Acquisition completed: Apollo-managed funds acquired a majority stake in Prosol
• Management and minority shareholders reinvested alongside Apollo Funds
• Prosol operates or supplies nearly 450 stores across France
• CEO Jean-Paul Mochet to remain in place, supporting continuity

Negative

• None.

Argus May 7 session

-1.34% close to close Open Argus

Details

News Market Reaction – APO

On May 7, the day this news came out, APO closed 1.34% below the previous close.

Data tracked by StockTitan Argus for the May 7 session.

Key Figures

Store count: nearly 450 stores Founding year: 1992 HVF III commitments: $6.5 billion +5 more

Store count

nearly 450 stores

Prosol operates and/or supplies nearly 450 stores in France

Founding year

1992

Prosol was founded in 1992

HVF III commitments

$6.5 billion

Apollo Hybrid Value Fund III final close commitments

HVF I commitments

$3.3 billion

Apollo Hybrid Value Fund I commitments (2019)

HVF II commitments

$4.6 billion

Apollo Hybrid Value Fund II commitments (2022)

Accord Fund VII size

$1.9 billion

Apollo Accord Fund VII total commitments

Accord series raised

$11.6 billion

Total raised by Accord Dislocation Series since 2017

Automotive portfolio revenue

$28 billion

Annual revenue generated by Apollo’s existing automotive portfolio

Previous Acquisition Reports

5 past events · Latest: Apr 27

Same Type 5 events

1. Apr 27

   Automotive acquisition

   24h Move

   -0.8%

   Agreement to acquire Forvia’s global automotive interiors business from Forvia.

2. Apr 23

   Energy infrastructure deal

   24h Move

   -3.3%

   Agreement for Apollo funds to buy a 40% stake in Pembina Gas Infrastructure.

3. Apr 02

   Portfolio company sale

   24h Move

   -2.9%

   Sale of Sapphire Gas Solutions by Apollo-managed funds to Antin Infrastructure Partners.

4. Apr 01

   UK housing platform buy

   24h Move

   -1.1%

   Apollo funds’ acquisition of Gatehouse Living Group, a UK residential platform.

5. Feb 23

   Acquisition financing update

   24h Move

   +0.3%

   Keurig Dr Pepper’s updated financing plan for a JDE Peet’s acquisition, tagged to APO.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

majority stake, minority shareholders, vertically integrated supply chain

3 terms

majority stake financial

"have completed the previously announced acquisition of a majority stake in Prosol Group"

A majority stake is ownership of more than half of a company's voting shares, giving the holder effective control over decisions like appointing leadership, setting strategy and approving major transactions. For investors, a majority owner can steer a company’s direction, influence how profits are used or distributed, and determine whether the business is consolidated into the owner’s financial results—similar to holding the decisive votes in a boardroom.

minority shareholders financial

"Prosol’s existing minority shareholders and management team have reinvested"

Minority shareholders are individuals or groups that own less than half of a company's voting shares, so they cannot unilaterally control board decisions or corporate policy. They matter to investors because their rights, protections and potential payouts (like dividends or buyouts) determine how much influence and financial benefit a small holder can expect; think of them as passengers who can vote but not steer the car, relying on rules to keep drivers accountable.

vertically integrated supply chain technical

"by building a proprietary, vertically integrated supply chain, sourcing fresh, quality products"

A vertically integrated supply chain is when a company owns or controls multiple steps in producing and delivering its products — for example sourcing raw materials, manufacturing, distribution and retail — instead of buying those services from outsiders. For investors, vertical integration can lower costs, improve quality control and speed up delivery like a bakery that grows its own wheat and sells its own bread, but it also requires larger upfront investment and can concentrate operational risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have completed the previously announced acquisition of a majority stake in Prosol Group (“Prosol” or the “Company”), the multi-specialist in fresh food businesses and food retail in France, from Ardian, a global private investment firm. Prosol’s existing minority shareholders and management team have reinvested alongside the Apollo Funds.

Founded in 1992, Prosol has differentiated itself by building a proprietary, vertically integrated supply chain, sourcing fresh, quality products resulting in a highly loyal and fast-growing customer base. Prosol operates and/or supplies nearly 450 stores across France under two main banners, Grand Frais and fresh. Chief Executive Officer Jean-Paul Mochet will continue to lead the Company as it sets out to achieve its long-term growth ambitions, expanding Prosol’s distinctive retail concept to more customers.

UBS AG served as lead financial advisor to the Apollo Funds, while Royal Bank of Canada and Lazard also served as financial advisors. Sidley Austin LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP and Cleary Gottlieb Steen & Hamilton LLP served as legal counsel on the transaction.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2026, Apollo had approximately $1.03 trillion of assets under management.

About Prosol
A leading player in specialised food retail in France, PROSOL has been developing an integrated, fresh-food-focused model for more than 30 years. By exercising full control over the value chain — from agricultural sourcing to distribution — the company ensures freshness, quality and traceability, in support of better eating for all.

Designed as a true infrastructure dedicated to taste, PROSOL’s model is built on long-term partnerships with carefully selected producers, in-house expertise in product enhancement and maturation, proprietary production facilities, and a dedicated, high-performance logistics network.

With nearly 450 points of sale, PROSOL operates a portfolio of complementary retail brands, including Grand Frais, fresh., La Boulangerie du Marché, mon-marché.fr, BioFrais, and Banco Fresco in Italy. Within Grand Frais stores, the company directly operates the fruit and vegetable, fish, dairy and cheese departments, as well as butchery departments in the Paris region and Eastern France.

Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com / EuropeanMedia@apollo.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Apollo announce about Prosol Group on May 7, 2026 (APO)?

Apollo announced completion of a majority-stake acquisition in Prosol Group. According to Apollo, Prosol's minority shareholders and management reinvested alongside the Apollo Funds, and CEO Jean-Paul Mochet will continue to lead the company.

How many stores does Prosol Group operate or supply after the Apollo acquisition (APO)?

Prosol operates and/or supplies nearly 450 stores across France. According to Apollo, those stores trade under main banners including Grand Frais and fresh, serving a large, loyal customer base with fresh food products.

Who advised Apollo on the Prosol acquisition (APO)?

UBS AG served as lead financial advisor, with Royal Bank of Canada and Lazard also advising. According to Apollo, Sidley Austin, Paul Weiss, and Cleary Gottlieb served as legal counsel on the transaction.

Will Prosol's leadership change after the Apollo transaction (APO)?

No immediate leadership change was announced; CEO Jean-Paul Mochet will continue to lead Prosol. According to Apollo, management also reinvested in the business alongside the Apollo Funds to support long-term growth plans.

What strategic position does Prosol hold in France following the Apollo deal (APO)?

Prosol is positioned as a multi-specialist in fresh food and retail with a vertically integrated supply chain. According to Apollo, the company has a differentiated model and a fast-growing, loyal customer base across France.