Apollo News & Analysis
4 articles
Market Mood
EasyJet (EZJ) agrees to £5.7bn takeover by Apollo
EasyJet has reached an agreement for a £5.7 billion takeover by US firm Apollo. This deal follows the withdrawal of rival bidder Castlelake. Under the takeover, EasyJet shareholders will receive £7.15 per share. Apollo, which supports EasyJet's existing strategy, plans to ensure that the majority of ownership remains with EU-based shareholders. This move could impact employment, as Apollo intends to keep current staff for at least 12 months post-acquisition.
Read More: EasyJet (EZJ) agrees to £5.7bn takeover by Apollo
easyJet Extends Deadline to Compete with Apollo’s $7.6 Billion Bid
easyJet has extended the deadline for Castlelake to submit a bid to surpass Apollo’s $7.6 billion offer. This development indicates ongoing competition for easyJet, potentially impacting its stock value and market position. By pushing the deadline, easyJet signals it is looking for stronger offers amid significant financial moves. This matters for investors as changes in bid dynamics could influence easyJet's (EZY) valuation and future performance in the market.
Read More: easyJet Extends Deadline to Compete with Apollo’s $7.6 Billion Bid
Anthropic Expands AI Capacity by $35 Billion with Broadcom Partnership
Apollo and Blackstone are financing a $35 billion expansion of AI computing capacity for Anthropic (private) using Broadcom's custom chips and networking solutions. This project will increase Anthropic’s AI computing capacity by one gigawatt, sufficient to power approximately 750,000 homes. The deployment of this capacity will start at Fluidstack-operated sites in mid-2026, with plans to achieve over 20 gigawatts by 2028 for top AI labs, including OpenAI. This partnership supports Broadcom’s strategy in the competitive AI landscape as companies seek alternatives to Nvidia.
Read More: Anthropic Expands AI Capacity by $35 Billion with Broadcom Partnership
Apollo Limits Withdrawals to 45% for $15B Private Credit Fund Amidst Market Stress
Apollo Global Management announced it will grant only 45% of withdrawal requests from its $15.1 billion private credit fund, as investors sought redemptions totaling 11.2% of shares outstanding, exceeding the 5% cap. This decision resulted in approximately $730 million being returned to investors on a prorated basis. The fund's net asset value per share has declined by 1.2% over the past three months, outperforming the U.S. Leveraged Loan Index, which decreased by 2.2%. The situation highlights ongoing stress in the private credit market, particularly concerning loans to software companies, which constitute 12.3% of Apollo’s portfolio.
Read More: Apollo Limits Withdrawals to 45% for $15B Private Credit Fund Amidst Market Stress