Easyjet

Apollo is poised to acquire Easyjet for £5.7 billion after rival bidder Castlelake withdrew its offer, setting the stage for the low-cost airline's departure from the London stock market.

Summary of transaction details:

• Value: £5.7 billion
• Sector: Logistics & Transport
• Advisor: Not specified
• Key Entities: Easyjet (Target), Apollo (Acquirer), Castlelake (Withdrawn Bidder)
• Location: Easyjet (UK-based, FTSE 250), Apollo (New York-headquartered)

Note: This take-private transaction signifies a strategic move by Apollo to gain control of a major European airline, consolidating its position and navigating regulatory requirements concerning EU airline ownership.