FORVIA Sells Its Interiors Division to Apollo, Reducing Debt

A Division Representing 18% of Consolidated Revenue

FORVIA Interiors, sold to Apollo, accounted for about 18% of the group's consolidated revenue in 2025, amounting to 4.8 billion euros. The division includes 59 production sites and 8 research and development centers spread across 19 countries, employing over 31,000 staff members. The transaction values the business based on an enterprise value of 1.82 billion euros, corresponding to a multiple of 3.1x the adjusted IFRS 2025 EBITDA of 582 million euros.

Strengthening Financial Structure and Reducing Debt

FORVIA expects to achieve at least 1 billion euros in net debt reduction following this transaction, after accounting for minority interests, working capital debt adjustments, retirement obligations, as well as carve-out and tax costs. The entire net proceeds will be allocated to the repayment of financial debt, leading to a more resilient balance sheet and enhanced financial flexibility.

Completion Subject to Consultation Procedures and Regulatory Approvals

The completion of the transaction remains subject to the information or consultation procedures of the staff representative bodies and usual regulatory approvals. Subject to these conditions, the completion is expected by the end of 2026. Evercore served as the principal financial advisor to FORVIA, while Baker McKenzie provided legal counsel and Crédit Agricole CIB also contributed as a financial advisor.