Apollo’s upmarket plans for easyJet after £5.7bn takeover

Airline will charge for extra services and feed long-haul carriers under proposals

EasyJet is to be bought by private equity firm Apollo in a £5.7 billion deal after rival suitor Castlelake walked away from a bidding war for the budget airline.

EasyJet agrees $7.7 billion takeover by Apollo as Castlelake walks away  Reuters

The move will see the US firm, which also owns Wagamama-owner The Restaurant Group, pay shareholders 715p per share for the business.

The move will see the US firm, which also owns Wagamama-owner The Restaurant Group, pay shareholders 715p per share for the business.

The move will see the US firm, which also owns Wagamama-owner The Restaurant Group, pay shareholders 715p per share for the business.

Two US private capital groups had vied to buy low-cost carrier

Offshore legal heavyweight Mourant is the latest professional services firm to take on private equity investment after MML Capital made a minority investment in the firm. Mourant, an offshore firm that advises on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey, and Luxembourg for the financ

Easyjet said it still recommended investors accept Apollo's £5.7bn offer but Castlelake had until 5pm on Friday to submit an improved bid.