Apollo Funds acquires majority stake in Panasonic Automotive Systems for ¥311bn, with Panasonic retaining a minority stake.

Apollo Funds agrees to acquire a majority stake in Panasonic Automotive Systems Corporation from Panasonic Holdings Corporation for a total enterprise value of ¥311bn. Panasonic will retain a minority stake, preserving their strategic relationship. This is Apollo's fourth private equity investment in Japan. The transaction is expected to be completed by Q1 2025, subject to regulatory approvals.