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EasyJet acquired by Apollo Global Management and delisted from London Stock Exchange
Acquirer
Apollo
Target
EasyJet
EasyJet is acquired by US private equity fund Apollo and delisted from the London Stock Exchange following a shareholder vote where a vast majority approved the acquisition and a small minority voted against. The transaction takes the airline private under the ownership of the US investment firm.
✦ Meridian Analysis
Apollo Global Management has signed a definitive agreement to acquire the UK‑listed carrier EasyJet and to take the airline private, triggering its delisting from the London Stock Exchange. The transaction was approved by a vast majority of EasyJet shareholders, with a small minority voting against, and is now in the closing phase, with the first‑quarter‑2027 deadline cited by Reuters. The mechanics are those of a classic take‑private: Apollo will purchase all outstanding shares, fund the deal with a combination of equity and debt, and replace the public equity structure with a private holding. The exact purchase price was not disclosed, although the Financial Times reported that bankers are arranging a £334 million payout to shareholders and Il Sole 24 ORE noted a £5.7 billion valuation for the takeover.
Stakeholders will be watching the progress of regulatory clearances, the outcome of union negotiations highlighted by Reuters, and the composition of the financing package, which have not been disclosed. Details on the advisers, exact pricing multiples and the debt tranche structure remain absent.
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