Apollo to take EasyJet private in £5.7 billion deal
Apollo Global has reached an agreement to acquire the European budget airline EasyJet for £5.7 billion. This deal follows the withdrawal of rival bidder Castlelake from the acquisition process.
Why it matters
The consolidation of the aviation sector by private equity firms signals ongoing shifts in ownership models for major European transport infrastructure.
Apollo Global has agreed to buy European budget carrier EasyJet for £5.70 billion, the US-based alternative asset manager said today.
It announced the deal after rival suitor US investment firm Castlelake walked away from its pursuit.
Minneapolis-based Castlelake, which is a major aviation investor, did not specify why it bowed out of the race.
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