Apollo Global Management

Apollo paid 4.1 times adjusted EBITDA for a business that makes door panels and center consoles across 59 plants. The €1.82 billion deal lets Forvia cut net debt by at least €1 billion while focusing on automated driving and energy management under its IGNITE restructuring strategy. The Interiors unit generated €4.8 billion in revenue last year, representing 18 percent of Forvia's total. Auto suppliers are shedding non-core assets as electrification and automation reshape the industry, with Apollo targeting carve-outs from pressured parents looking to deleverage.