TOKYO and NEW YORK, June  03, 2026  (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) announced that Apollo-managed funds (the &#34;Apollo Funds&#34;) completed the sale of their interest in ALTEMIRA Holdings Co., Ltd. (&#34;ALTEMIRA&#34; or the

Apollo Funds Complete Sale of ALTEMIRA, Leading Pan-Asian Aluminum Packaging Company

Apollo exits ALTEMIRA to MBK Partners, signaling continued value realization

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>TOKYO and NEW YORK, June  03, 2026  (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) announced that Apollo-managed funds (the &amp;#34;Apollo Funds&amp;#34;) completed the sale of their interest in ALTEMIRA Holdings Co., Ltd. (&amp;#34;ALTEMIRA&amp;#34; or the</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Apollo-managed funds completed the sale of ALTEMIRA to MBK Partners, marking another portfolio monetization after MAFTEC in 2025. ALTEMIRA blends aluminum packaging with a vertically integrated, closed-loop recycling ecosystem in Asia. The deal underscores Apollo&#039;s ability to execute complex carve-outs and could bolster AUM growth and future distributions if similar exits persist.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Apollo funds sold ALTEMIRA to MBK Partners.</li><li>ALTEMIRA is a pan-Asian aluminum packaging platform with closed-loop recycling.</li><li>Exits show Apollo&#039;s capability to execute sponsor-led carve-outs and drive value creation.</li><li>AUM stood near $1.03 trillion as of March 31, 2026.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Apollo Global Management (APO)</strong>: Publicly traded PE firm; orchestrated ALTEMIRA sale; evidence of active portfolio monetization.</li><li><strong>ALTEMIRA Holdings Co., Ltd. (N/A)</strong>: Pan-Asian aluminum packaging platform; sale completed to MBK Partners; standalone transformation cited.</li><li><strong>MBK Partners (N/A)</strong>: Buyer; private equity sponsor; facilitates ALTEMIRA exit and potential follow-on exits.</li><li><strong>MAFTEC (N/A)</strong>: Previous Apollo exit announced June 2025; supports track record of portfolio realizations.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Fits as it reports a strategic exit and portfolio monetization by a leading PE firm, with implications for APOLLO&#039;s capital allocation, AUM growth, and investor confidence.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>ALTEMIRA exit validates Apollo&#039;s value-creation capability, potentially boosting APO sentiment.</li><li>Possible distributions or returns from exits could support fee-related earnings.</li><li>Additional Japan portfolio exits may reinforce growth in AUM and visibility.</li><li>No immediate earnings guidance changes; impact hinges on further monetizations.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of press: June 3, 2026.</li><li>ALTEMIRA established April 2022 via Showa Denko K.K. and Mitsubishi Materials.</li><li>ALTEMIRA operates a vertically integrated, closed-loop aluminum recycling ecosystem.</li><li>As of March 31, 2026, Apollo had approximately $1.03 trillion in assets under management.</li><li>Apollo Funds exited MAFTEC in June 2025.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Positive exit momentum could lift APO shares in the near term on portfolio monetization visibility.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">TOKYO and NEW YORK, June  03, 2026  (GLOBE NEWSWIRE) -- Apollo (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/APO">APO</a>) announced that Apollo-managed funds (the "Apollo Funds") completed the sale of their interest in ALTEMIRA Holdings Co., Ltd. ("ALTEMIRA" or the "Company"), a leading pan-Asian aluminum packaging company, to funds managed by MBK Partners.</p>  <p align="justify">ALTEMIRA was established in April 2022, through the combination of the aluminum can and foil business formerly operated by Showa Denko K.K. (now named Resonac Holdings Corporation) and the aluminum can and rolled and extruded products business of Mitsubishi Materials Corporation. ALTEMIRA is one of the first successful examples of sponsor-led industry consolidation in the Japanese industrials sector, demonstrating Apollo's ability to execute a complex carve-out and support the subsequent transition to a fully independent, standalone enterprise and drive broader transformation and industry consolidation through M&amp;A.</p>  <p align="justify">As a result, ALTEMIRA has emerged as a differentiated platform with scale, operating one of the world's only vertically integrated, closed-loop aluminum recycling ecosystems—spanning used beverage can collection, processing, slab casting, rolling into coils and fabrication into beverage cans. Apollo Fund's investment in ALTEMIRA also highlights its role as a trusted partner to Japan's leading corporations, offering differentiated solutions to help businesses execute their strategic priorities in sectors that have historically been difficult for outside capital to access.</p>  <p align="justify">The transaction follows Apollo Funds' successful exit of MAFTEC announced in June 2025. Apollo Funds' private equity investments in Japan include Panasonic Automotive Systems and Nippon Sheet Glass (pending closing).</p>  <p align="justify"><strong>About Apollo</strong><br></br>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 March 31, 2026, Apollo had approximately $1.03 trillion of assets under management. To learn more, please visit <a href="https://www.globenewswire.com/Tracker?data=5MS9ND7gRRnNMf52kNpkfXvKtC11-IYAcu-5KNkeVKhfcv45aqSHdQH_NN4nyJz3R9Xo_xTW0tD_kG0ACGz4qg==" rel="nofollow" target="_blank">www.apollo.com</a>.</p>  <p align="justify"><strong>Contacts</strong><br></br>Noah Gunn<br></br>Global Head of Investor Relations<br></br>(212) 822-0540<br></br>IR@apollo.com</p>  <p align="justify">Joanna Rose<br></br>Global Head of Corporate Communications<br></br>(212) 822-0491<br></br>Communications@apollo.com</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTczMDU4OSM3NjMyODMxIzIwMDkxNzM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ODExNDQ2MjAtZmNiZi00YzNmLTlhMDQtZGE0OTg3NTAyNWFhLTEwMjA3NDYtMjAyNi0wNi0wMi1lbg==/tiny/Apollo-Global-Management-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/24205df4-cb1e-4a5f-89c1-5ebcc2e59b81"><img src="https://ml.globenewswire.com/media/24205df4-cb1e-4a5f-89c1-5ebcc2e59b81/small/apollo-logo-ctr-rgb-pos-xl-png.png" border="0" width="150" height="23" alt="Primary Logo"></img></a></p>

Apollo-managed funds completed the sale of ALTEMIRA to MBK Partners, marking another portfolio monetization after MAFTEC in 2025. ALTEMIRA blends aluminum packaging with a vertically integrated, closed-loop recycling ecosystem in Asia. The deal underscores Apollo's ability to execute complex carve-outs and could bolster AUM growth and future distributions if similar exits persist.

Apollo Funds Complete Sale of ALTEMIRA, Leading Pan-Asian Aluminum Packaging Company

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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