Apollo Global Management

Money Moves

Building one of the largest private equity auto-supply portfolios; current holdings include Tenneco, TI Automotive and Panasonic Automotive with $28B combined annual revenue and 120,000+ employees across 50 countries

Apollo Global Management agreed on April 27, 2026 to buy Forvia's interiors business for €1.82 billion (about $2.1 billion)—the largest auto-supplier carve-out announced this year. The unit running 59 plants across 19 countries generated €4.8 billion in revenue last year making instrument panels, door panels and center consoles for nearly every major carmaker. Forvia shares surged 8 percent in Paris the following morning as investors welcomed the prospect of more than €1 billion in net debt reduction.

Updated May 31

Money Moves

Exiting Fab 34 investment with substantial return

Intel's foundry strategy has shifted from a single Apple deal to a growing roster of major chip buyers in weeks. In early April 2026, Intel signed on as primary foundry partner for Terafab, a $25 billion AI chip venture backed by Tesla, SpaceX, and xAI.

Updated May 30