American Industrial Partners Completes $1.5B Molycop Sale to Tega Industries

American Industrial Partners has completed the approximately $1.5 billion sale of Molycop to Tega Industries in consortium with funds managed by affiliates of Apollo, with Ropes & Gray advising AIP on the transaction.

Molycop is a global supplier of grinding media used in mineral extraction and processing, with products that support more than 400 mines across 40 countries. The combination positions the business as one of the world’s leading designers and manufacturers of critical-to-operate consumables across mining, minerals processing, and material handling.

The Ropes & Gray team was led by private equity partners Doug Giannantonio, Bob Rivollier, and Victoria McGrath, and included lawyers across finance, tax, employment, executive compensation and benefits, environmental, and private equity.

Congratulations to AIP, Molycop, Tega Industries, Apollo, and all involved.

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