Weil advised Apollo S3, Apollo’s Sponsor & Secondary Solutions business, in connection with the closing of a single-asset continuation vehicle for Mountaintop Beverage, a leading manufacturer of low-acid aseptic and extended-shelf-life beverages.

The transaction transfers Mountaintop from Monogram Capital Partners II, L.P. into a newly formed continuation vehicle led by Apollo S3, with participation from other institutional investors. The transaction provides liquidity to existing investors while Monogram and Mountaintop’s management team retain ownership in the company.

The continuation vehicle also provides Mountaintop with committed capital and an extended investment horizon to support its next phase of growth, including a 250,000-square-foot capacity expansion that will bring its Morgantown, West Virginia, manufacturing campus to nearly 600,000 square feet, as well as future acquisitions.

The Weil team was led by Private Equity partner Brian Parness and associates Sam de Blecourt and Reggie Young-Drake; Private Funds partner Sarah Borden and associates Hari Vutukuru and Richard Kenny; and Tax partner Menachem Danishefsky and associate Jay Perry.