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New Deal


Announced

Apollo to invest €1.5bn in Air France-KLM.

Financials

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Transaction Value£1,307m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Public

Single Bidder

Airlines

airlines

France

Cross Border

Acquisition

Minority

Pending

Friendly

Synopsis

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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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