Apollo Global Management has made an offer to buy a 67% stake in recycled cardboard producer Reno De Medici Group (RDM), acquiring shares from US-listed packaging firm Cascades and Caisse de Dépot et Placement du Québec (CDPQ).
Fund has made four platform investments and backs European digital and technology-based companies
Toni Gillespie joins as chief of talent, while Elisabetta Ricci joins as chief of staff
GP backed the business – then called Ryds Bilglas – via Nordic Capital VIII in 2018
Auction of the Italian producer of natural flavours and ingredients is expected to launch in early 2022