Apollo’s Kleinman Expects More Deals Like Intel Plant Pact

$11 billion deal with Intel announced earlier this week
Scott Kleinman speaks from SuperReturn conference in Berlin

WATCH: “Companies all over the world are facing unprecedented levels of CapEx,” Kleinman says. “And they’re starting to think more creatively about how are they going to fund this.”Source: Bloomberg

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By Jan-Henrik Foerster and Dani Burger

June 5, 2024 at 6:09 AM UTC

Updated on

June 5, 2024 at 7:15 AM UTC

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Scott Kleinman said he expects Apollo Global Management Inc. to participate in more deals similar to the $11 billion joint venture it inked with Intel Corp. this week as companies look for creative ways to meet their growing capital needs.

“You’re going to see more and more of this coming,” Apollo Co-President Kleinman said in an interview with Bloomberg Television from the sidelines at the SuperReturn International conference in Berlin on Wednesday. The need for tech firms, for instance, to boost their capacity in areas such as AI means the “need for this kind of capital is insatiable.”