Apollo Bids £5.7 Billion for EasyJet as It Nears Record Acquisition Year
Updated
Updated · Bloomberg · Jul 10
Apollo Bids £5.7 Billion for EasyJet as It Nears Record Acquisition Year
2 articles · Updated · Bloomberg · Jul 10
Summary
Apollo accelerated its 2026 dealmaking Friday by entering the race for EasyJet with a £5.7 billion ($7.7 billion) offer, putting the UK budget airline at the center of a bidding contest.
£7.15 a share from Apollo tops Castlelake’s earlier £6.90 bid, and EasyJet had already agreed in principle to Apollo’s superior proposal and withdrawn support for Castlelake.
Apollo’s push for EasyJet comes as the firm approaches a record year for acquisitions, standing out while many private equity rivals still struggle to put capital to work.
The bid adds to a broader buying spree that also includes Bayer-related deal activity, underscoring Apollo’s aggressive deployment strategy in a tougher market for peers.