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Funds managed by Apollo affiliates to buy a Mitsubishi Chemicals unit By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO Marc Rowan (co-founder, then-senior management director at Apollo Global Management) participates in a panel discussion Beverly Hills on April 29, 2014. REUTERS/Kevork Djansezian/File Photo

(Reuters) – U.S. private equity firm Apollo Global Management (NYSE:) said funds managed by its affiliates entered a deal to buy the Thermal and Emission Control Materials business of Japan’s advanced materials producer Mitsubishi Chemical Corporation.

It is Apollo’s second investment in Japan by a private equity fund. The transaction will close in March 20222.

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