South Korea $33 Billion Private Equity Firm MBK Partners to Buy Japan Aluminum Can Maker Altemira at $823 Million (JPY 130 Billion) Valuation from United States $938 Billion Private Equity Firm Apollo Global Management in All-Cash Deal, Altemira Formed in 2022 by Merger of Showa Denko & Mitsubishi Materials
15th May 2026 | Hong Kong
South Korea private equity firm MBK Partners ($33 billion AUM) has announced to buy Japan aluminum can maker Altemira at $823 million (JPY 130 billion) valuation from United States private equity firm Apollo Global Management ($938 billion AUM) in all-cash deal. Altemira was formed in 2022 by the merger of Showa Denko & Mitsubishi Materials. Altemira – The ALTEMIRA Group, under their purpose “With aluminum technology, a future with dreams” takes a sincere interest in materials as an aluminum specialist and leads a recycling-oriented society by mobilizing the technological capabilities of all Group companies. MBK Partners – Founded in 2005 by financier Michael B. Kim, MBK Partners is North Asia’s largest independent private equity firm with $33 billion in capital under management. The firm has an exclusive focus on the Korean, Japanese and Chinese markets. This regional knowledge enables the firm to navigate challenges that other global investors might struggle to manage. MBK Partners’ investment professionals leverage local connections and market knowledge to bring value to investors through buyouts and special situation acquisitions. Apollo Global Management – 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 $938 billion of assets under management.
“ South Korea $33 Billion Private Equity Firm MBK Partners to Buy Japan Aluminum Can Maker Altemira at $823 Million (JPY 130 Billion) Valuation from United States $938 Billion Private Equity Firm Apollo Global Management in All-Cash Deal, Altemira Formed in 2022 by Merger of Showa Denko & Mitsubishi Materials “
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South Korea $33 Billion Private Equity Firm MBK Partners to Buy Japan Aluminum Can Maker Altemira at $823 Million (JPY 130 Billion) Valuation from United States $938 Billion Private Equity Firm Apollo Global Management in All-Cash Deal, Altemira Formed in 2022 by Merger of Showa Denko & Mitsubishi Materials
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