Business · Companies · 4 hrs ago
easyJet takeover set to generate about £60m in legal fees
Apollo is taking over easyJet in a £5.7bn deal.
The takeover involves the British airline and US private equity firm Apollo.
About £60m is earmarked for legal fees and expenses on both sides of the deal.
The legal fees are said to be the highest among seven major UK private equity-backed public takeovers in the past two years.
easyJet founder Sir Stelios Haji-Ioannou backs the sale, and his family owns 15.3% of the business.
The large fees show how much advisers can earn from a major corporate takeover.
The available information does not say when the deal will be completed.
Apollo’s £5.7 billion takeover of easyJet is expected to generate about £60 million in legal fees and expenses, according to Law.com.
Law.com says the fees would be the largest among seven major UK private equity-backed public takeovers in the past two years.
Paul, Weiss, Rifkind, Wharton & Garrison and Clifford Chance are set to receive major payments from the deal.
The sale is backed by easyJet founder Sir Stelios Haji-Ioannou, whose family owns 15.3% of the business, This is Money reports.
This is Money’s headline describes a £335 million fees total for City advisers, but its article text provides no further detail.
- Who
- Apollo is taking over easyJet. Paul, Weiss and Clifford Chance are named as legal advisers set for major payments.
- What
- The £5.7 billion takeover is expected to involve about £60 million in legal fees and expenses.
- When
- The articles were published on October 15, 2026; the takeover date is not stated.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Deal value
- £5.7 billion ($7.6 billion)
- Legal fees and expenses
- About £60 million ($70 million)
- Named law firms
- Paul, Weiss, Rifkind, Wharton & Garrison; Clifford Chance
- Founder’s family stake
- 15.3%
- This is Money headline figure
- £335 million in fees for City advisers