JPMorgan, Deutsche Bank Lead €750 Million Kelvion Buyout Debt

Lenders including JPMorgan Chase & Co. and Deutsche Bank AG are providing around €750 million ($879 million) of debt financing to back Apollo Global Management Inc.’s acquisition of German cooling equipment firm Kelvion.

The duo are leading a group of more than 10 banks backing Apollo’s buyout, which will be financed with floating rate notes, according to people familiar with the matter, asking not to be identified as the information is private.

The notes are expected to be sold to investors shortly, the people added.

JPMorgan, Deutsche Bank and Apollo declined to comment.

Apollo is acquiring Kelvion, the former unit ...