easyJet is showing a clear preference for the latest bid from Apollo Global Management over that of rival Castlelake in a latest offering disclosed on July 10. And that’s not just for financial reasons. Apollo intends to keep the easyJet…
Castlelake’s £5.2 billion approach for easyJet is, potentially, more than an airline takeover story. That deal structure could become a template that matters to Condor. Condor’s Challenge Condor isn’t short on interested buyers. CEO Peter Gerber has floated Gulf carriers…
After four rejected offers, the Board of UK low-cost carrier easyJet is willing to recommend a fifth offer from Castlelake to its shareholders. A final decision on the takeover bid is due only when the August 3 deadline is met,…
Key facts from the release: Castlelake made three approaches at £5.60, £6.00, and £6.25 per share. easyJet’s board unanimously rejected all three. The board called the latest proposal “highly opportunistic.” easyJet argues the bid fails to reflect its medium-term prospects…
Castlelake’s interest in easyJet is a logical extension of private capital’s steady march from aircraft assets into airlines themselves, and it underscores how much of the aviation value chain is now controlled, financed, or strongly influenced by private equity-backed platforms.…
UPDATE JUNE 1 – “Alternative investment firm” Castlelake has confirmed that it is in the early stages of considering a possible offer on UK low-cost airline easyJet. It responds to “recent speculation”, it said in a statement on Friday. The…
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