Ropes & Gray represented American Industrial Partners on a definitive agreement to make a strategic investment into Tenneco’s Clean Air and Powertrain businesses, alongside Apollo Fund X. The transactions was announced in a Feb. 24 press release and is expected to close later this year following satisfaction of customary closing conditions.
American Industrial Partners is a New York-based investment firm with approximately $17 billion in assets under management.
The Ropes & Gray was led by private equity partner Todd B. Kornreich, tax partner Tristan Evans-Wilent and environmental partner Peter Alpert.
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