US private equity firm Apollo enters bidding war for easyJet with £5.7bn offer
The board of low-cost airline easyJet has shifted its recommendation to a £5.7bn takeover bid from US private equity firm Apollo. This decision follows a bidding war between Apollo and Castlelake, with the board favoring Apollo's commitment to current management and strategy.
Why it matters
This acquisition highlights the ongoing consolidation in the European aviation sector and the significant influence of private equity firms on major transport infrastructure.
Apollo signalled that it would back easyJet’s current strategy and management and was not looking to break up the company. Apollo signalled that it would back easyJet’s current strategy and management and was not looking to break up the company. easyJet US private equity firm Apollo enters bidding war for easyJet with £5.7bn offer Airline’s board minded to recommend deal – after accepting rival one from Castlelake earlier this week
The article reports on corporate financial news using neutral, factual language without editorializing the outcome.
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