From Low-Cost Challenger to Private Equity Target: easyJet’s Corporate Timeline and Takeover Resolution
Apollo Global Management has reached an agreement to acquire easyJet in a deal valuing the European low-cost carrier at about £5.7 billion ($7.7 billion), with the proposal supported by founder Stelios Haji-Ioannou and his family. The outcome follows several months of competing bids from Castlelake and regulatory uncertainty around EU ownership rul…