Morgan Lewis Advises KME Group on €300 Million Financing and Strategic Reorganization Supporting Cunova Transaction

MILAN/MUNICH, April 9, 2026: Morgan Lewis advised KME Group S.p.A. on a €300 million financing provided by an affiliate of Apollo Global Management, Inc. in connection with KME’s previously announced buyback of Cunova from Paragon.

The transaction involves a combined equity and debt financing structure and forms part of a broader multi-step reorganization of KME’s industrial operations. The financing comprises a €150 million five-year term loan and €150 million of preferred equity, together with the issuance of warrants to Apollo-managed funds. The transaction supports KME’s acquisition of the remaining interest in Cunova, the integration of certain aerospace and foundry assets into the business, and the refinancing of approximately €170 million of existing debt.

KME is a global manufacturer of copper and copper alloy products, concentrating on semi-finished materials. The group supplies industries including automotive, electrical, and engineering.

Apollo Global Management is a global alternative asset manager focused on delivering returns across the risk-reward spectrum, from investment grade to private equity.

Cunova GmbH produces corrosion-resistant copper-nickel (CuNi) products for demanding environments. The company manufactures tubes, pipes, fittings, and customized coatings for marine, offshore oil and gas, and industrial applications.

Morgan Lewis advised on all legal aspects of the transaction, which involved multiple practice groups across several jurisdictions. The team included partners Florian Harder, Jann Jetter, Chloé Lignier, Michael Masling, Steven Miller, Ulises R. Pin, and Matthew Riehle, of counsel Christian Contardo, and associates Sven Oppermann, Heinrich Stirtz, Emma Dragomirova, Joice Zhang, Jasmeen Bahous, and Leetal Weiss and transaction specialist Paulina Gerling.