European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Castlelake/EasyJet: Final Approach at 650p?

Castlelake/EasyJet: Valuation Bridged, Execution Remains

Castlelake/EasyJet: RNS Confirms New 3 August Deadline

Event-Driven

<ul>
<li>Apollo's 715p proposal wins Board support. Beyond the higher price, voting stub equity, brand commitments and stronger regulatory undertakings appear to have shifted the Board's position.</li>
<li>Apollo's proposal appears designed to appeal to the Haji-Ioannou family while leveraging its extensive airline ownership experience, making it a stronger strategic proposition than Castlelake's competing offer.</li>
<li>We raise our target price to 715p/share. Castlelake remains live until 3 August, but matching Apollo's price alone may not be sufficient to regain Board support.</li>
</ul>


Apollo's 715p proposal wins Board support. Beyond the higher price, voting stub equity, brand commitments and stronger regulatory undertakings appear to have shifted the Board's position.
Apollo's proposal appears designed to appeal to the Haji-Ioannou family while leveraging its extensive airline ownership experience, making it a stronger strategic proposition than Castlelake's competing offer.
We raise our target price to 715p/share. Castlelake remains live until 3 August, but matching Apollo's price alone may not be sufficient to regain Board support.


Apollo/EasyJet: A Higher Bid, a Stronger Proposal

easyJet

Apollo/EasyJet: A Higher Bid, a Stronger Proposal