Apollo Global Management Launches £5.7B easyJet Takeover
Apollo Global Management has proposed a £5.7 billion acquisition of easyJet, offering an 81% premium and challenging Castlelake's earlier bid.
Jul 15, 20264 min
Business
4 aviation articles tagged “Private Equity”
Apollo Global Management has proposed a £5.7 billion acquisition of easyJet, offering an 81% premium and challenging Castlelake's earlier bid.
An IBA analysis values easyJet's 206 owned aircraft at $6.6 billion, fueling a competitive takeover bidding war between Castlelake and Apollo.
Partners Group invested $250 million in an Avenue Capital Group continuation vehicle containing 69 mid-life commercial aircraft.
US firm Castlelake has bypassed the easyJet board to present its £4.7 billion, 625p-per-share takeover bid directly to shareholders.