Advantage Partners to acquire MAFTEC from Apollo Global.

Advantage Partners, a Tokyo-based mid-market private equity firm, agreed to acquire MAFTEC, an ultra-high temperature heat insulation solutions provider, from Apollo Global, a private equity firm. Financial terms were not disclosed. “Apollo’s industry and operational expertise were instrumental to successfully executing MAFTEC’s separation from Mitsubishi Chemical and its standalone strategy, and we thank the Apollo team for their unfailing support and world-class partnership. I look forward to working with the Advantage Partners team to continue building our business in a way that benefits our customers, our employees and our investors," Kosuke Matsuzaki, MAFTEC CEO.