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Latham & Watkins Advises Apollo Co-Investors on US$11 Billion Financing

June 4, 2024
Firm advises on financing in connection with Apollo’s joint venture with Intel.

Intel Corporation (Nasdaq: INTC) and Apollo (NYSE: APO) announced a definitive agreement under which Apollo-managed funds and affiliates will lead an investment of US$11 billion to acquire from Intel a 49% equity interest in a joint venture entity related to Intel’s Fab 34.

Latham & Watkins LLP represents Apollo Co-Investors in the transaction with a corporate team led by New York partner Gary Boss, Los Angeles/New York partner Jeff Greenberg, New York partner Chirag Dedania, and Bay Area partner Tad Freese, with associates Nicole Goldman, Taylor Owens,* Jesse Van Genugten, Taylor López, Jacob Kempf, and Emilie Cullen. Advice was also provided on tax matters by New York partner Bora Bozkurt, with associate Michael Yu; on ERISA matters by Washington, D.C. partner Adam Kestenbaum and Los Angeles/New York counsel Aryeh Zuber; on sanctions/anti-money laundering matters by Washington, D.C. partner Damara Chambers and counsel Andrew Galdes; and on margin stock matters by New York counsel Pia Naib.

*Not admitted to practice in the US. Only admitted to practice in Australia.