Paul, Weiss and Clifford Chance advised on Apollo-managed funds’ £5.7 billion acquisition of easyJet.
Apollo-managed funds have agreed to acquire easyJet plc, the pan-European low-cost airline, in a recommended cash acquisition valuing the business at approximately £5.7 billion (US$7.7 billion). Under the terms, easyJet shareholders will receive £7.15 per share or may roll their existing shares into an Apollo entity holding their investment in easyJet.
The cash offer represents an 81% premium to easyJet’s undisturbed share price in May 2026. The acquisition is expected to close by the end of the first quarter of 2027, subject to customary conditions and regulatory approvals, including UK and European aviation-related approvals.
Paul, Weiss is the lead legal adviser to the Apollo-managed funds on the acquisition.
The team is led by corporate partners Dan Schuster-Woldan and Matthew Hearn, and includes partners Francesca Storey-Harris, Matthew Friedman, David Carmona, Oliver Marcuse, Gregory Ezring, Christopher Sullivan and Matthew Goldstein, and counsel Lucy Jenkins, Ashley Hearn, Lisa Koff, Sophia Gui and Caitlin Ludwigsen; antitrust partners Henrik Morch, Annie Herdman, Nicole Kar and James Parkinson; tax partners Cian O’Connor, Timothy Lowe and Brad Okun; and intellectual property partner John Patten and counsel Alex Zapalowski.
Clifford Chance advised easyJet plc on the recommended competitive cash acquisition by Apollo-managed funds.
The Clifford Chance team is led by M&A Partners Melissa Fogarty, Katherine Moir and James Bole.
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