Easyjet

Apollo has agreed to acquire budget airline Easyjet for £5.7bn in an all-cash takeover that will take the company private, surpassing a prior bid from Castlelake.

Summary of transaction details:

• Value: £5.7bn
• Sector: Logistics & Transport
• Advisor: Not disclosed
• Key Entities: Apollo (Acquirer), Easyjet (Target), Castlelake (Rival bidder)
• Location: United Kingdom (London Stock Exchange)

Note: The transaction reflects strong private equity interest in undervalued UK listed companies and provides Easyjet shareholders with a substantial premium amid recent share price weakness.