Apollo Global Management has made a $3.7 billion investment in Nippon Sheet Glass (NSG), aiming to reposition the beleaguered Japanese glassmaker for long-term growth. The partnership will address NSG's financial strain due to its 2006 purchase of British glassmaker Pilkington, including substantial debt, diminished demand following the 2008 financial crisis, and competition from Chinese glass producers.
If corporate acquisitions came with warning labels, Nippon Sheet Glass’s 2006 purchase of Pilkington would have read: Handle with extreme caution. Nearly two decades later, the consequences of that deal are still unfolding. Now, Apollo Global Management i...
Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
Unlock Annual Access to News & CPE Subscription
You’ve reached the 3 free-content piece limit. Unlock unlimited access to all News & CPE resources. Subscribe Today.
Experience MYCPE ONE at its best! Upgrade your browser for a more interactive, user-friendly interface, and stay ahead in your professional development journey.