Norton Rose Fulbright guides Barclays on Apollo bid

Law firm Norton Rose Fulbright is advising Barclays Bank plc as a financial adviser to Eagle Bidco Ltd, a company indirectly owned by funds managed by Apollo Capital Management, L.P. on its recommended cash offer for easyJet plc worth £5.7 billion. Apollo, known for its robust growth, is a global alternative asset manager with approximately US$1.05 trillion in assets under management as of June 30, 2026. The firm has invested in Europe for over 20 years, boasting around US$235 billion in the region as of March 31, 2026. As a significant player in the aviation industry, Apollo has experience in value creation through investments in airlines such as Sun Country Airlines, Aeromexico, Atlas Air Worldwide, Swissport, and Barnes Aerospace.

easyJet, a prominent low-cost airline, aims to deliver convenient travel and holidays at competitive prices with exceptional customer service. With a fleet of 356 aircraft and 1,267 routes spanning 37 countries and 165 airports, easyJet ranks among the largest airlines in Europe. The London-based team at Norton Rose Fulbright is led by corporate partner Kit McCarthy and banking partner James Collis, along with the support of corporate associate Seamus Connelly and banking consultant Ksenia Orlova. The firm’s extensive global corporate, M&A, and securities practice provides comprehensive advice to corporations and financial institutions on a wide range of industry matters, including public takeovers and private M&A.