Apollo Global to sell interest in Maftec Group to Advantage Partners, no terms

Apollo announced that funds managed by its affiliates have agreed to sell their interest in Maftec Group to funds managed by Advantage Partners. Maftec was formed through the separation of Mitsubishi Chemical’s Thermal and Emission Control Materials business, which was acquired by the Apollo Funds in March 2022. The transaction is expected to close in the second half of 2025, subject to satisfaction of closing conditions.