12:50 PM EDT, 09/11/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) and Deutsche Bank ( DB ) are leading a roughly 750 million euro ($879 million) debt financing to back Apollo Global Management's ( APO ) purchase of German cooling systems manufacturer Kelvion, Bloomberg reported Thursday, citing people familiar with the matter.

Apollo is buying Kelvion, once part of GEA Group, from private equity firm Triton, which will keep a minority holding. The deal values Kelvion at around 2 billion euros including debt, according to the report.

A group of more than 10 lenders is backing the deal, which will be financed with floating rate notes that are expected to be marketed to investors shortly, the report said.

JPMorgan ( JPM ), Deutsche Bank ( DB ) and Apollo Global Management ( APO ) shares were up 1.3%, 2.0% and 3%, respectively, in recent trading.

JPMorgan ( JPM ), Deutsche Bank ( DB ) and Apollo Global Management ( APO ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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