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04/2026100%LBO

Forvia Intérieurs acquired by Apollo Global Management

FRANCE Automotive / Auto Parts & Suppliers / Auto Parts & Systems EV €1–10bn

Context

The transaction involves the divestiture of FORVIA's Interiors division to Apollo, structured as a strategic carve-out designed to sharpen the parent company's focus on high-value, tech-driven business segments. This operation is a centerpiece of the seller's broader strategic roadmap, aimed at optimizing its capital structure and significantly improving its balance sheet resilience. The deal allows the Interiors division to operate as a standalone entity, providing it with the necessary autonomy and governance to pursue aggressive innovation in cockpit design, premium materials, and next-generation cabin technologies. From a strategic perspective, the acquisition represents a move by the financial sponsor to capitalize on the increasing trend of vehicle interior differentiation and consumer demand for high-tech, integrated driving environments. By establishing the division as an independent player, the new ownership intends to accelerate its development cycle and capture market share through enhanced agility. Market participants view this as a classic value-accretive carve-out that signals continued sector consolidation and a pivot toward more specialized manufacturing models in the automotive ecosystem.

Forvia Intérieurs, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of below 5x, representing a discount to the average currently observed in the Industry & Manufacturing sector (11.7x in 2026).

-> Deep-dive in Industry & Manufacturing market trends

Target

FORVIA Intérieurs is a global leader in automotive cockpit systems, renowned for its design and manufacturing of dashboards, door panels, and center consoles. The company excels in integrating high-end materials, acoustic management, and innovative electronic interfaces, enabling automotive manufacturers to differentiate their vehicle interiors. With a massive global footprint and advanced research and development capabilities, the firm delivers value by focusing on aesthetic appeal, functional integration, and smart-cabin technologies. Its strategic positioning is built on deep engineering expertise, allowing it to adapt to rapid shifts in consumer demand for premium, tech-enabled driving environments. By providing seamless human-machine interaction solutions, the company acts as a mission-critical partner to major global OEMs, ensuring that the driver experience is both comfortable and technologically advanced.

Ent. Value

€1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

below 5x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
€1–10bn
€450–900M
[members only]
2024
€1–10bn
€450–900M
[members only]

Other operations with Apollo Global Management

Other operations with Apollo Global Management
DateAcquirerTargetCountrySector
05/2026APOLLO GLOBAL MANAGEMENT / ALPINE INVESTORSAPEX SERVICE PARTNERSUNITED STATESHVAC
05/2026APOLLO GLOBAL MANAGEMENTNOBLE ENVIRONMENTALUNITED STATESCollection & Recycling
04/2026APOLLO GLOBAL MANAGEMENTMEDICAL-SURGICAL SOLUTIONSUNITED STATESHospital Logistics
03/2026APOLLO GLOBAL MANAGEMENTTHE GOODLIFE GROUPCANADALeisure Facilities
12/2025APOLLO GLOBAL MANAGEMENTPROSOLFRANCEGeneral Grocery
08/2025APOLLO GLOBAL MANAGEMENTKELVIONGERMANYBoilers & Thermal Solutions
01/2025APOLLO GLOBAL MANAGEMENT / BC PARTNERSGFL ENVIRONMENTAL SERVICES BUSINESSCANADAHazardous Waste
08/2023APOLLO GLOBAL MANAGEMENT / IRENIC CAPITALARCONICUNITED STATESMetallurgy / Foundry
03/2018APOLLO GLOBAL MANAGEMENTQDOBA RESTAURANTUNITED STATESRestaurants / Chains
10/2015APOLLO GLOBAL MANAGEMENT / BPIFRANCEVERALLIAFRANCEGlass Packaging

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REFERENCES

Valuation range: EV €1–10bn

Revenue range: €1–10bn

EBITDA range: €450–900M

EV/Revenue range: below 1.5x

EV/EBITDA range: below 5x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Forvia Intérieurs by Apollo Global Management are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: forvia intérieurs

Acquirer: apollo global management

FAQ

What transaction does this page cover?

This page covers Apollo Global Management’s acquisition of 100% of Forvia Intérieurs, a French company specialised in Auto Parts & Suppliers, in 2026, structured as a leveraged buyout (LBO).

How was the acquisition of Forvia Intérieurs by Apollo Global Management valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €1–10bn band, its EV/EBITDA multiple within the below 5x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

What were Forvia Intérieurs’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Forvia Intérieurs generated annual revenue estimated in the €1–10bn range and EBITDA in the €450–900M bracket (FY 2025). Detailed financial figures are available to members.

How does the valuation of Forvia Intérieurs compare to benchmarks in the Industry & Manufacturing sector?

The estimated multiple of below 5x sits below the sector median of 11.7x recorded in 2026, indicating an attractive entry multiple for Apollo Global Management or reflecting specific complexities. The descriptive comparison is based on 15 transactions with available EV/EBITDA multiples from differences in size, growth, profitability that may affect comparability.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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