Intel Corporation (Nasdaq: INTC) and Apollo (NYSE: APO) have recently announced a definitive agreement in which Apollo-managed funds and affiliates will invest $11 billion to acquire a 49% equity stake in a new joint venture (JV) entity related to Intel’s Fab 34. This collaboration marks Intel’s second engagement in the Semiconductor Co-Investment Program (SCIP), enhancing […]
APOLLO, a leader in Canadian digital insurance, has announced the establishment of its new subsidiary, FinShore, which will offer innovative buy-now-pay-later options to over 100,000 insured Canadians. This move, facilitated by financing from Fair Capital Partners Inc. (“FairCap”) and Innovation Federal Credit Union (“IFCU”), marks a significant development in the emerging embedded finance sector. Enhancing […]
Australian Software company WiseTech Global has acquired Blume Global, a North American intermodal rail solutions provider, for $414 million. The transaction comes close on the heels of the acquisition of Envase Technologies by WiseTech. Blume Global manages intermodal containers and chassis on behalf of six of the 7 Class 1 US railroads, ocean carriers, and […]
Tenneco, an American automotive products manufacturer, has agreed to be acquired by funds managed by affiliates of Apollo (Apollo Funds) in an all-cash deal worth around $7.1 billion, which is inclusive of its debt. The deal will enable the publicly-listed Tenneco to become a privately-held company. As per the terms of the deal, Tenneco’s shareholders […]