MBK Partners Acquires ALTEMIRA Holdings Co., Ltd.

MBK Partners (“MBKP”), one of Asia’s largest independent private equity firms focused on North Asia, today announced the acquisition of ALTEMIRA Holdings Co., Ltd. (“ALTEMIRA” or the “Company”), a leading pan-Asian aluminum packaging company, from funds managed by affiliates of Apollo Global Management.

ALTEMIRA was established in April 2022 through the combination of the aluminum can and foil business formerly operated by Showa Denko (now Resonac Holdings Corporation) and the aluminum can, rolled, and extruded product business of Mitsubishi Materials Corporation. The company holds a strong market position in Japan and across Asia, offering a wide range of aluminum packaging products including aluminum cans, foil, and rolled/extruded products.

ALTEMIRA possesses a world-class, vertically integrated aluminum recycling platform that handles everything from the collection and processing of used beverage cans to slab casting, coil rolling, and manufacturing of beverage cans. With growing social demand for reduced environmental impact and the transition to a circular economy, sustainability and resource management have become increasingly critical in the aluminum packaging market. ALTEMIRA contributes to a sustainable society through its advanced manufacturing foundation and circular business model.

MBKP highly values ALTEMIRA's high-quality manufacturing technology, competitive advantages within the industry, and its growth potential in the circular aluminum recycling sector. Drawing on its extensive investment experience in the industrial and manufacturing sectors, MBKP will work closely with ALTEMIRA's management team to enhance operations, promote technological innovation, expand the recycling business foundation, and support accelerated long-term growth.

About MBK Partners MBK Partners is one of Asia’s largest independent private equity firms, with $33 billion in assets under management. Since its establishment in 2005, the firm has focused on buyout and special situations investments in North Asia.

MBKP is one of the largest private equity firms in Japan, with 33 professionals based in its Tokyo office. It maintains a presence across Japan, South Korea, and China, employing over 110 professionals region-wide.

Over the past 20 years, MBKP has completed 22 investments in Japan, demonstrating long-term commitment to the Japanese market and strong local execution capabilities.

Additionally, over the past three years, MBKP has completed 6 investments in Japan, reflecting its continuous commitment to the medium- to long-term growth of the Japanese market and its industries.

Key investments include Yayoi Co., Ltd., Universal Studios Japan (USJ Co., Ltd.), Invoice Inc., Komeda Holdings Co., Ltd., TASAKI & Co., Ltd., Accordia Golf Co., Ltd., Kuroda Group Co., Ltd., Godiva Japan, Inc., Tsukui Corporation, EPS Holdings, Inc., SOYOKAZE Co., Ltd., HITOWA Holdings Co., Ltd., Japan Best Rescue System Co., Ltd., Alinamin Pharmaceutical Co., Ltd., FICT Co., Ltd., and Solasto Corporation.