Intel Agrees to $8.75B Sale of Altera Stake to Silver Lake
Deal News | Jun 09, 2025 | EIN
A consortium of banks led by Barclays Plc intends to allocate $1.5 billion in financing for Silver Lake Management's acquisition of a 51% stake in Altera Corp.'s semiconductor business from Intel Corp. This strategic move forms part of a larger $8.75 billion deal finalized in April 2025 that positions Silver Lake as the controlling stakeholder, with Intel retaining a 49% interest. The consortium supporting this financing deal includes Citigroup Inc., Royal Bank of Canada, and Deutsche Bank AG, with a transaction completion deadline set for June 18. Once finalized in the latter half of 2025, the agreement will maintain Altera's operational independence and secure its status as a leading producer of FPGA-based semiconductor solutions.
Sectors
- Semiconductors
- Private Equity
- Banking & Finance
Geography
- United States – Intel, Silver Lake, and a substantial portion of the semiconductor industry are based here.
- United Kingdom – Barclays PLC, the leading bank in the financing consortium, is headquartered here.
Industry
- Semiconductors – The article involves the acquisition of a division that is a major producer of semiconductor solutions, specifically FPGA.
- Private Equity – The participation of Silver Lake, a private equity firm, in acquiring a controlling interest signifies involvement in the private equity sector.
- Banking & Finance – Barclays and other banks' roles in providing financing for the acquisition connect the article to the finance sector.
Financials
- $1.5 billion – The loan amount allocated by a consortium of banks led by Barclays to finance the acquisition.
- $8.75 billion – The total value of the transaction for Silver Lake to acquire 51% of Altera's semiconductor business from Intel.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Intel Corp. | Selling Company | Company | An American firm that manufactures electronic devices and components, selling 51% of Altera. |
| Silver Lake Management | Bidding Company / Buyer | Company | A global private equity firm focusing on technology investments, acquiring a controlling stake in Altera. |
| Barclays Plc | Lead Financing Bank | Company | A British multinational bank leading the consortium providing financing for the acquisition. |
| Citigroup Inc. | Financing Bank | Company | Part of the banking consortium providing financing for Silver Lake's acquisition. |
| Royal Bank of Canada | Financing Bank | Company | Part of the banking consortium providing financing for Silver Lake's acquisition. |
| Deutsche Bank AG | Financing Bank | Company | Part of the banking consortium providing financing for Silver Lake's acquisition. |