Apollo Funds to Acquire Forvia’s Automotive Interiors Business
Rhea-AI Summary
Apollo (NYSE: APO) agreed to acquire Forvia's Interiors Business Group in a carve-out to form a standalone global automotive interiors supplier. The business supplies instrument panels, door panels and center consoles to major OEMs and has manufacturing and engineering operations across Europe, North America and Asia. The transaction is expected to close in H2 2026 and remains subject to regulatory approvals and employee consultations. Apollo highlighted its automotive investment experience and said its existing automotive portfolio collectively generates $28 billion in annual revenue.
Positive
- Standalone carve-out creates a focused global interiors supplier
- Operations span Europe, North America and Asia across large vehicle programs
- Transaction timing: expected close in H2 2026
- Apollo cites automotive portfolio with $28 billion annual revenue
Negative
- Transaction is subject to regulatory approvals and closing conditions
- Requires information or consultation of employee representative bodies
- Purchase price and detailed financial terms were not disclosed
News Market Reaction – APO
In the Apr 27 session, APO declined 0.75%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Acquisition Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 23 | Infrastructure acquisition | Positive | -3.3% | Announced 40% stake acquisition in Pembina Gas Infrastructure from KKR funds. |
| Apr 02 | Portfolio exit | Positive | -2.9% | Sold Sapphire Gas Solutions from Apollo-managed funds to Antin Infrastructure. |
| Apr 01 | Real estate platform buy | Positive | -1.1% | Acquired Gatehouse Living Group, a UK residential investment and management platform. |
| Feb 23 | Large beverage acquisition | Positive | +0.3% | Updated financing plan for JDE Peet's acquisition, highlighting leverage and EPS impact. |
| Dec 16 | Retail acquisition | Positive | +0.2% | Agreed to acquire majority stake in French fresh-food retailer Prosol Group. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Acquisition-related headlines have often coincided with modestly negative next-day moves, with several instances of the stock declining on seemingly constructive deal news.
Recent news for Apollo has been dominated by deal activity. Prior acquisition announcements covering infrastructure (Pembina Gas Infrastructure), energy services (Sapphire Gas Solutions), UK residential platforms (Gatehouse Living Group) and French food retail (Prosol Group) saw mixed but generally negative next-day price reactions. Across these, the average move was about -1.34%. Today’s acquisition of Forvia’s Interiors Business continues the theme of deploying capital into sector-specialist platforms, adding another carve-out transaction to Apollo’s deal pipeline.
Key Terms
carve-out transaction financial
original equipment manufacturers (OEMs) technical
regulatory approvals regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Transaction to Establish Leading Global Automotive Interiors Supplier as Standalone Company
NEW YORK, April 27, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have agreed to acquire the Interiors Business Group of Forvia (“Interiors Business” or the “Company”), a leading global supplier of automotive interior systems, from Forvia SE (EPA: FRVIA) in a carve-out transaction.
The Interiors Business is one of the world’s leading suppliers of automotive interior products including instrument panels, door panels and center consoles, and serves a diversified base of leading global automotive original equipment manufacturers (OEMs). With a global manufacturing and engineering footprint across Europe, North America and Asia, the Company is deeply embedded across a wide range of large-scale vehicle programs and plays an important role in delivering integrated, advanced interior products tailor-made for automotive OEM customers.
Michael Reiss, Private Equity Partner at Apollo, said, “The automotive interiors industry is evolving rapidly as manufacturers increasingly differentiate their vehicles through cabin design, premium materials and new technologies. As an independent company with dedicated leadership and resources, Forvia’s Interiors Business will be well positioned to capitalize on these trends and deliver even greater value to its OEM partners worldwide.”
Claudia Scarico, Private Equity Partner at Apollo, said, “Forvia’s Interiors Business is a well-established supplier in the international automotive supply chain with a global manufacturing footprint and the ability to engineer complex, high quality vehicle interior products at scale. Drawing upon Apollo’s extensive investment experience in the automotive sector and in executing complex carve outs, we are a strong partner to reinforce the company’s leadership position globally. We look forward to supporting the transition to an independent company with a strong strategic focus and foundation for long-term growth.”
Martin Fischer, Chief Executive Officer of Forvia, said: “The Transaction project announced today reflects the strength and leadership of Forvia Interiors, as well as the expertise and commitment of its teams. It highlights the Business Group’s solid industrial base, market positioning and value creation potential. I would like to thank all Interiors employees for their contribution. We believe Apollo has the experience and capabilities to support the Interiors Business Group in its next phase of growth.”
Apollo’s private equity business has a long and successful track record of transforming businesses spanning more than 35 years, including significant experience in the automotive sector. Apollo Funds’ current portfolio of global automotive investments includes Tenneco, TI Automotive and Panasonic Automotive, collectively generates
The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals and information or consultation of the employee representative bodies, and is expected to close in the second half of 2026.
Kirkland & Ellis LLP served as legal counsel on the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel in connection with the financing of the transaction. UBS AG and UniCredit served as financial advisors.
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 credit to private 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, 2025, Apollo had approximately
About Forvia
FORVIA, a global automotive technology supplier, comprises the complementary technology and industrial strengths of Faurecia and HELLA. With over 137,500 people, including more than 12,000 R&D engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of 6 business groups and a strong IP portfolio of over 12,000 patents, FORVIA is focused on becoming the preferred innovation and integration partner for OEMs worldwide. In 2025, the Group achieved a consolidated revenue of 26.2 billion euros. FORVIA SE is listed on the Euronext Paris market under the FRVIA mnemonic code and is a component of the CAC SBT 1.5° indice. FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen. www.forvia.com
Contacts
Noah Gunn
Global Head of Investor Relations
(212) 822-0540
IR@apollo.com
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
communications@apollo.com
