Advantage Partners has agreed to acquire shares of Maftec Group from Apollo Global Management's advised fund, aiming to enhance growth and expand into new markets.
Target Company Information
Advantage Partners' fund (hereafter referred to as the 'AP Fund') has reached an agreement to acquire shares of Maftec Group Inc. (hereafter referred to as 'Maftec Group') from a fund advised by a subsidiary of Apollo Global Management, Inc. (hereafter referred to as the 'Apollo Fund').
Maftec Group originated from Mitsubishi Chemical's crystalline alumina fiber business. Following a carve-out process conducted by the Apollo Fund, Maftec Group was established in March 2022. Known for its exceptional heat resistance, insulation properties, and cushioning capability, Maftec Group stands as a leading company in the high-growth and profitable alumina fiber market. Currently, alumina fiber is primarily utilized in automotive exhaust filtration materials and industrial furnace insulation. Future applications are anticipated to expand into flame-retardant materials for battery electric vehicles (BEVs) and stationary batteries, suggesting sustained growth ahead.
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Industry Overview in Japan
The alumina fiber industry in Japan has seen significant advancements, largely driven by technological innovations and increasing demand for high-performance materials. The country's industrial landscape is characterized by a strong focus o
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