Key facts
- Apollo Global has agreed to acquire EasyJet.
- The deal is valued at approximately £5.70 billion.
- A rival bid from Castlelake was withdrawn.
- EasyJet is a European budget airline.
- Apollo Global is the acquiring entity.
Apollo Global has reached an agreement to acquire the European budget airline EasyJet. The deal is valued at approximately £5.70 billion. This development comes after Castlelake, a rival suitor, withdrew its bid for the airline. The acquisition by Apollo Global represents a major transaction within the aviation industry, signaling Apollo's intent to expand its presence in the sector. EasyJet, a prominent player in the European low-cost carrier market, will now likely undergo integration into Apollo's broader investment strategies. The financial terms of the deal underscore the significant valuation placed on EasyJet in the current market.