EasyJet Takeover: Inside the £5.7bn US private equity bidding war
· 29 min
Episode EasyJet Takeover: Inside the £5.7bn US private equity bidding war
What does the high-stakes easyJet takeover bid mean for the future of budget travel? We unpack the intense bidding war between US giants Apollo and Castlelake.
Last Friday, in the latest twist in the saga for takeover of easyJet, Apollo secured an agreement to buy the airline in a £5.7B deal, gazumping an offer from US private credit group Castlelake. Just days earlier, easyJet had agreed to the Castlelake proposal - kicking off a proper takeover battle for one of the UK’s best known consumer brands.
In this episode, we consider why easyJet has become a target, and what it could mean for the future of the company.
Guest:
• Tim Jeans, former head of marketing for Ryanair, a former MD of Monarch Airlines
Presenters:
• Dominic O’Connell, Times columnist and Times Radio business correspondent • Hannah Prevett, associate business editor at The Sunday Times
Producer: Hope Federico
Executive Producers: Emily Leahy and Miriam Hall
Photo Credit: Getty
Get in touch: thebusiness@thetimes.com
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