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Apollo Global Management to acquire Panasonic Automotive Systems (PAS) and Panasonic to acquire stake in Star Japan Holdings

Mar 29, 2024over 1 year ago

Acquiring Company

Apollo Global Management

Acquired Company

Panasonic Automotive Systems (PAS)

New YorkJapanFinanceAutomotiveManufacturing

Description

Japan's Panasonic Holdings has announced its decision to divest its entire stake in Panasonic Automotive Systems (PAS) to funds managed by US private equity firm Apollo Global Management. As part of the deal, Panasonic will acquire a 20 per cent stake in Star Japan Holdings, the entity set to become the new parent company of PAS.

Company Information

Company

Apollo Global Management

Location

New York, New York, United States

About

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed