MAFTEC Set for New Chapter as Apollo Sells to Advantage Partners
Deal News | Jun 26, 2025 | Apollo
Apollo Global Management announced the sale of its stake in MAFTEC Group Co., Ltd., a Japanese company specializing in ultra-high temperature heat insulating solutions, to Advantage Partners. Founded from Mitsubishi Chemicals' division by Apollo's acquisition in 2022, MAFTEC has expanded under Apollo's guidance, launching successful products and rising to prominence in its sector. Tetsuji Okamoto of Apollo highlighted the firm’s contribution to MAFTEC’s success and confidence in its future growth. MAFTEC CEO Kosuke Matsuzaki acknowledged Apollo's role in the company’s growth and expressed optimism for continued success with Advantage Partners. This transaction, part of Apollo’s extensive engagements with Japanese conglomerates, is set to conclude in late 2025 pending customary conditions.
Sectors
- Private Equity
- Manufacturing
- Automotive
Geography
- Japan – Japan is relevant as MAFTEC is a Japan-based company and the article discusses Apollo’s strategic activities in the Japanese market.
- United States – Relevant as Apollo Global Management, the selling private equity firm, is based in the United States.
Industry
- Private Equity – This industry is relevant as Apollo Funds are a major private equity firm selling their interest in MAFTEC.
- Manufacturing – Relevant because MAFTEC is involved in manufacturing ultra-high temperature heat insulating solutions for automotive and industrial markets.
- Automotive – Relevant as MAFTEC provides products that serve the automotive market.
Financials
- Approximately $785 billion – Apollo’s total assets under management as of March 31, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Apollo Global Management, Inc. | Private Equity Firm / Seller | Company | Apollo is a global alternative asset manager involved in the divestiture of its stake in MAFTEC. |
| MAFTEC Group Co., Ltd. | Target Company | Company | A company specializing in ultra-high temperature heat insulating solutions that is being sold to Advantage Partners. |
| Advantage Partners | Buyer | Company | An investment group acquiring MAFTEC from Apollo. |
| Mitsubishi Chemicals | Former Parent Company | Company | Originally owned the business that was transformed into MAFTEC. |
| Tetsuji Okamoto | Lead Partner, Head of Private Equity Asia Pacific | Person | A senior executive at Apollo who commented on the transaction. |
| Kosuke Matsuzaki | CEO of MAFTEC | Person | He expressed gratitude for Apollo’s partnership and is looking forward to the next phase with Advantage Partners. |