Apollo Global Management to acquire Panasonic Automotive Systems (PAS) and Panasonic to acquire stake in Star Japan Holdings
Apollo Global Management to acquire Panasonic Automotive Systems (PAS) and Panasonic to acquire stake in Star Japan Holdings
03/29/24, 9:24 AM
Location
Industry
finance
automotive
manufacturing
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 Info
Location
New York, New York, United States
Company info
Apollo Global Management, Inc. is a high-growth, global alternative asset manager. The company's asset management business seeks to provide clients excess return with a focus on three investing strategies: yield, hybrid, and equity. Through Athene, its retirement services business, Apollo specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions.