The Sherpa Signal · 2026-10-18 MARQUEE DEAL
£5.7bn deal reshapes UK airline landscape
Apollo secures easyJet, intensifying competition with Castlelake
Apollo Global Management acquires easyJet for £5.7bn
Deal value
GBP 5.7B
Country
United Kingdom
Announced
2026-10-16
KEY FACTS
TypeAcquisition
ValueGBP 5.7B
SectorTransport
CountryUnited Kingdom
Announced2026-10-16
THE PARTIES
Apollo Global ManagementBuyer
CastlelakeRival
Standout GBP 5.7B Transport acquisition
Sherpa analysis
Apollo’s purchase of easyJet gives the firm direct exposure to the UK low-cost airline market, outpacing rival Castlelake for the asset. The timing aligns with abundant private-equity capital and a rebound in passenger demand, allowing Apollo (NYSE:APO) to add airline cash flow to its portfolio.
Parties
- BNP Paribas (Advisor)
- Clifford Chance (Legal Sell)
- Barclays (Advisor)
- Apollo Global Management (Buyer)
- Evercore (Advisor)
- PJT Partners (Advisor)
- Castlelake (Rival)
- Citigroup (Advisor)
- Panmure Liberum (Advisor)
- Paul Weiss (Legal Buy)
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The Sherpa Signal highlights one notable infrastructure transaction each day, drawn from the deals we track. Editorial commentary for information only — not investment advice. · Global Infrastructure Sherpa