‘Bear hugs’ on the rise in UK take-privates – but why?; Apollo and EasyJet agree on £5.7bn takeover
Partners Group has agreed to acquire a majority stake in AVK Power Solutions, a Maidenhead-based provider of power systems for data centers and AI infrastructure. The post ‘Bear hugs’ on the rise in UK take-privates – but why?; Apollo and EasyJet agree on £5.7bn takeover appeared first on PE Hub .
Apollo Global Management has agreed to acquire UK-listed airline easyJet in a deal worth approximately £5.7bn. The acquisition brings an end to a months-long takeover contest after rival bidder Castlelake withdrew from the process. According to Private Equity Wire, easyJet's board has unanimously recommended Apollo's cash offer, describing the terms as fair and reasonable.
The deal represents another major take-private of a UK-listed company by a US private equity investor. Apollo intends to support easyJet's growth strategy while privately owned, including accelerating the expansion of its holidays business. The transaction follows an extended bidding process, with Castlelake having made five proposals for easyJet before Apollo entered the contest in July.
In a separate deal, Partners Group has agreed to acquire a majority stake in AVK Power Solutions, a Maidenhead-based provider of power systems for data centers and AI infrastructure, as reported by PE Hub.
Brief written by urgent.news from PE Hub, Private Equity Wire — 2 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
