Announced
Financials
Sources
Tags
Private Equity
Public
Single Bidder
Airlines
airlines
France
Cross Border
Acquisition
Minority
Pending
Friendly
Synopsis
Apollo, a high-growth, global alternative asset manager, agreed to invest €1.5bn in Air France-KLM, a French airline holding company. The inaugural European loyalty program financing transaction will provide Air France-KLM with a capital solution to further strengthen its balance sheet and enhance Flying Blue’s scalability and growth prospects. This financing is the third transaction between Apollo and Air France-KLM within the last 18 months.
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