EasyJet agrees to £5.7bn takeover by US firm
EasyJet accepts a £5.7bn acquisition offer from US private equity firm Apollo Global Management after rival bidder Castlelake drops out
2 sources
EasyJet has formally agreed to a £5.7bn takeover by US private equity firm Apollo Global Management. The airline announced on Thursday that it had accepted Apollo's firm offer after competing bidder Castlelake announced it would no longer pursue an acquisition.[1][2]
The decision by Castlelake to walk away from its attempted takeover cleared the way for Apollo Global Management to secure the deal for the no-frills carrier, concluding the competitive bidding process for EasyJet.[1][2]
