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

Mar 29, 2024•over 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-managed funds and entities are part of the Apollo Global Management, which is known for its investments and management in various asset classes. The entity manages a diverse portfolio and aims to create value for its investors through strategic investments. Exact details about the specific entity involved in this transaction are not publicly available.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
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