Apollo Funds Announce Strategic Partnership with Panasonic Automotive Systems, a Leading Global Supplier of Advanced In-Vehicle Technologies - Seite 2

Yuki Kusumi, Panasonic’s Group CEO, said, “Apollo is a partner that respects the values which have been cherished by Panasonic Automotive towards its customers, employees and business. Through this partnership, Panasonic Automotive could significantly grow as a global leading player. Continuing its role as a member of Panasonic Group, Panasonic Automotive will collaborate with the Group in its procurement and fundamental research to consistently contribute to the evolution of the Mobility Society as an important player.”   

Masashi Nagayasu, Representative Director, CEO of Panasonic Automotive, said, “Panasonic Automotive possesses automotive knowledge and insight, strong customer relationships and great talent. Panasonic Automotive has the potential to win through this once-in-a-century transformational period. By taking advantage of our partnership with Apollo and realizing PAS’ full potential, we aim to become a top global player in the automotive electronics industry by providing added value to cars and the mobility experience with our customers.”

Subject to satisfaction of customary closing conditions including regulatory approvals, the transaction is expected to be completed by the end of the first quarter of 2025.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2023, Apollo had approximately $651 billion of assets under management. To learn more, please visit www.apollo.com and www.apollo.com/japan.