Apollo Global Management has agreed to acquire London-listed airline easyJet in a transaction valuing the low-cost carrier at approximately £5.7bn ($7.7bn), bringing an end to a months-long takeover contest after rival bidder Castlelake withdrew from the process, according to a report by Reuters.
The deal represents another major take-private of a UK-listed company by a US private equity investor, amid continued interest from financial sponsors in businesses trading at valuations below those of...
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