EasyJet Acquired by US PE Firm Apollo Global Management for GBP 5.7 Billion
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5 Articles
The American financial investor Apollo is racing for the cheap airline. But the Greek Cypriot entrepreneur wants to continue to participate.
Loyalty and code sharing programs arrive with other companies, but prices are set to rise and it is not said that the company accounts improve
It looks like a big deal, but what just happened with EasyJet touches you full if you are looking for cheap flights from Spain. The Apollo fund has launched a purchase offer that values the orange airline at about 6.7 billion euros, and its founder, Stelios Haji-Ioannou, has decided to keep its 15% of the cake. The move reopens a poker game between giants of the European sky, and the ticket prices may be the one that matters most to us.
An Airbus A319 from easyJet about to land in Amsterdam – Wicho/Microservos In the end the fight between Apollo Global Management and Castlelake for taking easyJet has opted for the first in an operation valued by the European airline at 6,650 million euros. The operation has the approval of the airline council, including Sir Stelios Haji-Ioannou, its founder, who plans to continue to be part of the shareholdership.
EasyJet acquired by US PE firm Apollo Global Management for GBP 5.7 billion
EasyJet, a leading European low-cost airline, has formally agreed to a GBP 5.7 billion, about USD 7.7 billion, takeover bid from US private equity firm Apollo Global Management. In a press statement, easyJet, based in the United Kingdom, announced it has accepted a firm offer after a rival bidder, Castlelake, another American PE firm said it would no longer pursue its attempted acquisition. The decision means the deal will go through at GBP 7.15…
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