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: Valuation Bridged, Execution Remains

Castlelake/EasyJet: RNS Confirms New 3 August Deadline

Apollo/EasyJet: A Higher Bid, a Stronger Proposal

Event-Driven

<ul>
<li>Apollo has announced a recommended 715p/share Rule 2.7 offer. Castlelake has withdrawn. Regulatory approvals and completion timing now determine the remaining spread.</li>
<li>The Haji-Ioannou family's decision to roll its 15.3% stake validates our earlier view that Apollo's voting rollover and brand commitments were central to securing founder support.</li>
<li>We maintain our 715p target price. At 670p, the shares offer a 6.7% gross spread and an estimated 10.6% annualised return to end-Q1 2027.</li>
</ul>


Apollo has announced a recommended 715p/share Rule 2.7 offer. Castlelake has withdrawn. Regulatory approvals and completion timing now determine the remaining spread.
The Haji-Ioannou family's decision to roll its 15.3% stake validates our earlier view that Apollo's voting rollover and brand commitments were central to securing founder support.
We maintain our 715p target price. At 670p, the shares offer a 6.7% gross spread and an estimated 10.6% annualised return to end-Q1 2027.


easyJet

EasyJet: Apollo Goes Firm, Stelios Rolls