Apollo snaps up Easyjet after Castlelake walks away Aviation Easyjet has agreed a £5.7bn takeover deal with Apollo after rival bidder Castlelake pulled out of the bidding process. In a joint announcement with the low-cost airline on Thursday, the American private markets juggernaut said it had “reached an agreement on the terms and conditions of a recommended cash acquisition”. The offer has the backing [...]
Haringey peddles two-bike model after Richmond Lime snub Transport & Infrastructure Haringey has handed Forest and Lime a new four-year dockless e-bike contract, doubling down on a two-operator model just as Richmond moves in the opposite direction and edges towards pushing Lime out. The north London borough’s cabinet this week approved the appointment of two operators for an initial two-year term from 1 April 2026, with [...]
Spectris bidding war intensifies as KKR submits fresh offer Markets The private equity bidding war for precision instrument business Spectris has stepped up a gear after New York-based KKR stepped in with a fresh offer that values the business at £4.8bn. The offer of 4,175p per Spectris share outflanks a fresh offer made by Boston-based Advent of 4,100p per share on Friday, and represents a [...]
PHP sweetens Assura bid amid ongoing contest with KKR June 13, 2025 Primary Health Properties (PHP) has offered a number of concessions to Assura as it fights to beat private equity giant KKR in its bid for the real estate investment trust. PHP, which has already made a number of bids for Assura – the latest at 51.7p per share, or £1.68bn – pledged to lower Assura’s [...]