DivestmentJun 2, 2026, 07:01 PM
Apollo Funds Sell ALTEMIRA to MBK Partners
AI Summary
Apollo-managed funds have completed the sale of their interest in ALTEMIRA Holdings Co., Ltd., a leading pan-Asian aluminum packaging company, to funds managed by MBK Partners. ALTEMIRA was established in April 2022 through the combination of aluminum can and foil businesses from Showa Denko K.K. and Mitsubishi Materials Corporation. This transaction is highlighted as a successful example of sponsor-led industry consolidation in the Japanese industrials sector, demonstrating Apollo's capability in executing complex carve-outs and driving transformation. The sale follows Apollo Funds' successful exit of MAFTEC in June 2025, reinforcing Apollo's strategic role as a partner to Japanese corporations.
Key Highlights
- Apollo-managed funds completed the sale of their interest in ALTEMIRA Holdings Co., Ltd.
- ALTEMIRA, a pan-Asian aluminum packaging company, was sold to funds managed by MBK Partners.
- ALTEMIRA was established in April 2022 from businesses of Showa Denko K.K. and Mitsubishi Materials Corporation.
- The transaction is cited as a successful example of sponsor-led industry consolidation in the Japanese industrials sector.
- ALTEMIRA operates one of the world's only vertically integrated, closed-loop aluminum recycling ecosystems.
- This divestment follows Apollo Funds' successful exit of MAFTEC, announced in June 2025.
- Apollo had approximately $1.03 trillion of assets under management as of March 31, 2026.
Price Impact
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