Apollo completes take-private of Nippon Sheet Glass

Apollo-managed funds closed their acquisition of Nippon Sheet Glass, the global architectural, automotive and solar glass maker, and launched a new management structure for the company. Apollo says the deal, done with key financial institutions, will strengthen NSG's balance sheet and fund investment in people and technology. NSG's president called the closing the start of a new chapter for the century-old group.

Why it matters: It's another sizable Japanese take-private by a U.S. sponsor, a trend fueled by governance reform and cheap valuations.