Apollo-Managed Funds Acquire 49% of Intel’s Fab 34 JV in Leixlip, Ireland for $11 Billion

Intel Enters Semiconductor Co-Investment with Brookfield Infrastructure for Up to $30B Arizona Manufacturing Expansion

August 26, 2022

Manufacturing

Intel and Brookfield Infrastructure (an infrastructure affiliate of Brookfield Asset Management) signed a definitive agreement to co-invest in Intel’s Ocotillo campus manufacturing expansion in Chandler, Arizona. The parties will jointly invest up to $30 billion, with Intel funding 51% and Brookfield funding 49%, while Intel retains majority ownership and operating control of the new leading-edge chip factories. The transaction is expected to close by the end of 2022, subject to customary closing conditions.

Apollo Funds to Acquire Arconic in $5.2B All-Cash Deal

May 4, 2023

Manufacturing

Arconic Corporation entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management in an all-cash transaction valued at approximately $5.2 billion. The deal includes a minority investment from funds managed by affiliates of Irenic Capital Management, and Arconic shareholders will receive $30.00 per share.

Intel to Sell 10% Stake in IMS Nanofabrication to TSMC for $430 Million

September 12, 2023

IT Services

Intel agreed to sell a 10% minority stake in its IMS Nanofabrication business to Taiwan Semiconductor Manufacturing Company (TSMC) in a deal valued at about $430 million. The investment values IMS at roughly $4.3 billion, with Intel retaining majority ownership as IMS continues operating as a standalone subsidiary under CEO Dr. Elmar Platzgummer.

Bain Capital Special Situations Takes ~20% Stake in IMS Nanofabrication from Intel

June 21, 2023

Manufacturing

Bain Capital Special Situations agreed to acquire an approximately 20% minority stake in IMS Nanofabrication GmbH from Intel in a deal that values IMS at about $4.3 billion. The investment (expected to close in Q3 2023) will leave IMS operating as a standalone subsidiary led by CEO Dr. Elmar Platzgummer and is intended to accelerate the company's technology innovation and market expansion in multi-beam mask writing for advanced semiconductor nodes.

Apollo Funds Acquire U.S. Silica Holdings

July 31, 2024

Manufacturing

Funds managed by affiliates of Apollo (Apollo Funds) completed the acquisition of U.S. Silica Holdings, Inc., taking the company private for $15.50 per share. U.S. Silica will continue to operate under its existing management team and brand in Katy, Texas, as Apollo seeks to support growth and leverage the company's reserve base, logistics capabilities and materials expertise.

Apollo Funds to Acquire Majority Stake in Novolex

February 14, 2022

Packaging

Funds managed by Apollo affiliates have entered into a definitive agreement to acquire a majority stake in Novolex from funds managed by Carlyle, with Carlyle retaining a minority interest. Novolex, a leading sustainable packaging manufacturer headquartered in Hartsville, South Carolina with more than 10,000 employees and 57 manufacturing facilities, will look to leverage Apollo's resources to expand customer relationships, sustainability initiatives and product innovation.