Apollo Circles KKR's Atlantic Aviation In $10 Billion Acquisition Move - Apollo Global Management (NYSE:A

Apollo Circles KKR's Atlantic Aviation In $10 Billion Acquisition Move - Apollo Global Management (NYSE:A

Apollo is looking to buy a controlling stake in private jet fixed-base operator Atlantic Aviation from KKR & Co., in a transaction valued at close to $10 billion.

Apollo nears $10bn acquisition of KKR’s Atlantic Aviation

Apollo Global Management Inc is reportedly close to acquiring Atlantic Aviation from fellow private equity firm KKR & Co, in a deal that could value the US private jet services provider at nearly $10bn, according to a report by Bloomberg. The reports cites unnamed sources familiar with the matter as highlighting that the investment would see Apollo partnering with Singapore’s sovereign wealth fund, GIC Pte, to take a majority stake, while KKR pl…