Apollo Said to Near $10 Billion Deal for KKR’S Atlantic Aviation

Apollo Global Management is nearing a deal to acquire Atlantic Aviation from KKR, valuing the private-jet fixed-base operator at almost $10 billion. The transaction would be a sizable private-markets M&A in the travel/leisure and FBO sector and could influence PE deal activity and sector valuations.

Analysis

Apollo Global Management is nearing a deal to acquire Atlantic Aviation from KKR, valuing the private-jet fixed-base operator at almost $10 billion. The transaction would be a sizable private-markets M&A in the travel/leisure and FBO sector and could influence PE deal activity and sector valuations.