WASHINGTON, D.C., June 3, 2026 – Baker Botts L.L.P., a leading international energy, technology and life sciences law firm, advised American Industrial Partners (“AIP”) and Molycop on the sale of Molycop, a global supplier of grinding media to the mining industry, at an enterprise value of approximately U.S.$1.5 billion, to Tega Industries Limited (NSE: TEGA), in consortium with funds managed by affiliates of Apollo Global Management, Inc. (“Apollo Funds”).

Molycop serves more than 400 mines in 40 countries and is a key supplier of consumables critical to mineral extraction and processing. Following completion of the transaction, Tega Industries is the controlling shareholder of Molycop, with the Apollo Funds holding a significant minority interest. The transaction strengthens Tega’s global footprint and product offering across the mining, mineral processing and material handling industries.

Baker Botts served as regulatory counsel to AIP and Molycop.

The Baker Botts team was led by Paul Cuomo (Partner, Washington, D.C.) and included Christine Ryu-Naya (Special Counsel, Washington, D.C.), Mike Bodosky (Special Counsel, Washington, D.C.), Catriona Hatton (Partner, Brussels), Sofia Doudountsaki (Special Counsel, Brussels), Ciara Barbu-O’Connor (Senior Associate, Brussels) and Louis Delvaux (Associate, Brussels).

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