Kirkland & Ellis LLP
04/15/2026 | Press release | Distributed by Public on 04/15/2026 09:34
Kirkland Advises Independent Board in Connection with Apollo’s Sale of JV Interest to Intel
Kirkland & Ellis advised the independent board of an affiliate of Apollo (NYSE: APO) in connection with the definitive agreement to sell a 49% equity interest in the Ireland Fab Joint Venture to Intel Corporation, its partner in the joint venture. In 2024, Apollo-managed funds and affiliates led an $11.2 billion investment to acquire a 49% equity interest in a joint venture entity related to Fab 34, providing Intel with equity-like capital while preserving balance sheet strength. This transaction provided Intel with significant financial flexibility and enabled the company to unlock and redeploy capital to advance its strategic priorities including accelerating the buildout of Intel 4 and Intel 3, the most advanced processes manufactured in Europe, and of Intel 18A, the most advanced process developed and manufactured in the United States today.
Read the transaction press release
The Kirkland team included debt finance lawyers Roald Nashi and Greg Howling; and corporate lawyer Adam Larson.
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