EasyJet agrees to be bought by US private equity firm Apollo Global Management in a deal worth £5.7 billion (about $7.7 billion), following the collapse of rival bidder Castlelake’s attempt to acquire the airline. Multiple outlets report that easyJet formally accepts Apollo’s offer after Castlelake announced it would no longer pursue its bid. The agreement follows months of uncertainty for one of Europe’s largest low-cost airlines, as investors and bidders competed for the company. The terms reported across sources value easyJet at roughly the same figure, with reporting differing only in the currency conversions used. The news outlets also describe the development as ending a prolonged period of deal speculation tied to the airline sector’s broader challenges, including rising costs. After Castlelake’s withdrawal, easyJet proceeds with Apollo as the remaining bidder, moving the takeover process forward under the agreed offer.
EasyJet agrees £5.7bn takeover by Apollo after rival Castlelake exits bid
EasyJet agrees to be bought by US private equity firm Apollo Global Management in a deal worth £5.7 billion (about $7.7 billion), following the collapse of rival bidder Castlelake’s attempt to acquire...
- easyJet agrees to a takeover by US private equity firm Apollo Global Management.
- The deal values easyJet at about £5.7 billion (reported as about $7.7 billion in some coverage).
- Rival bidder Castlelake withdraws its bid, ending months of deal uncertainty.
- easyJet announces acceptance of a firm offer from Apollo after Castlelake exits the process.
- The takeover follows extended competition between US private capital groups for easyJet.
Apollo Global has agreed to buy easyJet in a deal that values the European budget airline at about £5.70 billion ($7.7 billion), the companies said on Thursday, as rival suitor Castlelake abandoned its pursuit. The deal ends months of uncertainty surrounding one of Europe’s biggest low-cost airlines as the industry grapples with rising costs from […]
1 month agoDeal ends months of uncertainty surrounding one of Europe’s biggest low-cost airlines
1 month agoThe no-frills carrier agrees to be bought by US firm Apollo after a rival suitor drops out.
1 month agoAirline says it has accepted offer from Apollo Global Management after rival bidder Castlelake walks awayEasyJet has formally agreed to a £5.7bn takeover from US private equity firm Apollo Global Management.The airline announced it had accepted a firm offer on Thursday after a rival bidder, Castlelake, said it would no longer pursue its own attempted acquisition. Continue reading...
1 month agoTwo US private capital groups had vied for months to buy low-cost carrier
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