Easyjet

Apollo, the American buyout giant, has made a £5.7 billion offer to acquire the London-listed airline Easyjet, potentially taking it private. This bid surpasses previous offers, including a £5.2 billion proposal from Castlelake.

Summary of transaction details:

• Value: £5.7 billion
• Sector: Logistics & Transport
• Advisor: Not mentioned
• Key Entities: Target: Easyjet, Acquirer: Apollo
• Location: London (Target listed), New York (Acquirer)

Note: The acquisition rationale is driven by Easyjet's perceived undervaluation in the public market, particularly after a significant drop in share price due to rising kerosene costs from the Iran war, making it an attractive target for a private equity buyout.