## KEY TAKEAWAYS
- Apollo Global Management has agreed to acquire Forvia's Interiors Business Group in a carve-out transaction valued at €1.82 billion ($2.1 billion) enterprise value, establishing the unit as an independent automotive supplier.
- The transaction will reduce Forvia's net debt by at least €1 billion after deduction of minority interests and debt adjustments, addressing the French automotive supplier's deleveraging objectives.
- Forvia's Interiors Business is a leading global supplier of automotive interior systems—including instrument panels, door panels, and center consoles—with manufacturing and engineering operations across Europe, North America, and Asia serving major OEM customers.
- Apollo executives Michael Reiss and Claudia Scarico emphasized the standalone company's positioning to capitalize on industry trends toward premium cabin design, advanced materials, and differentiated vehicle technologies across complex, large-scale automotive programs.
- The deal reflects private equity capital flowing into automotive supply chain consolidation as the sector evolves with electrification and premium interior differentiation strategies.
## DETAILED SUMMARY
Apollo Global Management announced on April 27, 2026, that Apollo-managed funds have agreed to acquire the Interiors Business Group of Forvia SE in a structured carve-out transaction. The deal, valued at €1.82 billion ($2.1 billion) on an enterprise value basis, will establish the automotive interiors supplier as a standalone, independently operated company under Apollo's ownership and management.
Forvia's Interiors Business is positioned as one of the world's leading suppliers of automotive interior products and systems. The company manufactures instrument panels, door panels, center consoles, and other integrated interior components serving a diversified customer base of major global automotive original equipment manufacturers (OEMs). With a globally distributed manufacturing and engineering footprint spanning Europe, North America, and Asia, the business maintains embedded relationships across large-scale vehicle programs and is recognized for delivering complex, high-quality interior products tailored to OEM specifications.
From Forvia's perspective, the divestiture serves a critical strategic objective: the transaction is anticipated to reduce the French automotive supplier's net debt by at least €1 billion following deduction of minority interests and debt adjustments. This deleveraging aligns with Forvia's broader balance sheet optimization initiatives.
Apollo's investment rationale, articulated by Private Equity Partners Michael Reiss and Claudia Scarico, centers on structural market dynamics within automotive interiors. Reiss noted that manufacturers are increasingly differentiating vehicles through cabin design, premium materials, and emerging technologies, positioning an independent, well-resourced Interiors Business to deliver enhanced value to OEM partners globally. Scarico emphasized the business's established position in international automotive supply chains, its global manufacturing footprint, and its engineering capabilities to deliver complex, high-quality vehicle interior products at scale. As a standalone entity with dedicated leadership and capital, the acquired business is expected to capitalize more effectively on these industry evolution trends.
The transaction reflects ongoing private equity interest in automotive supply chain assets, particularly those positioned to benefit from premium product differentiation and technological advancement in vehicle interiors.
