Silver Lake Partners Completes Acquisition of 51% Stake in Intel’s Altera Business

On September 15, 2025, Silver Lake Partners (“Silver Lake”) announced the closing of its acquisition of a 51% stake in Altera Corporation (“Altera”) from Intel Corporation (“Intel”). While financial terms were not publicly disclosed at closing, Intel will retain a 49% interest in the business.

Silver Lake, headquartered in Menlo Park, California, is a global private equity firm focused on investments in technology, technology-enabled, and related industries.

Altera, based in San Jose, California, is a technology firm that designs and manufactures programmable logic devices, including FPGAs (Field-Programmable Gate Arrays), CPLDs (Complex Programmable Logic Devices), and related products for use in a wide range of applications across industries.

Intel, based in Santa Clara, California, is a technology firm that designs, manufactures, and markets computer components, including CPUs and related products for both business and consumer use.

McCarthy Tétrault advised Silver Lake as Canadian Counsel with a team led by Ian Mak, Victoria de Luna, Ivor Selimovic and Heidi Gordon that also included Haiya Peng, Sarah Chen (Business) William Lee, Jennifer Sun (Financial Services) Marie-Soleil Landry, Joannie Marcoux (Tax) Christine Ing, Michael Scherman, Jamie Parker, Mohammed M'Hiri, (Technology) Vincent Yip (Intellectual Property) Debbie Salzberger, Alykhan Rahim (Competition/Anti-trust) Martha Harrison, Oksana Migtiko (International Trade and Investment) Patrick Pengelly, Marco Fimiani, Grace McDonell (Labour) Kelleher Lynch, Julia Miller (Pension) Anthony Salandra, and Damiana Pavone (Real Estate).