M&A Deal Summary

easyJet Acquires Go Fly

On May 16, 2002, easyJet acquired airliner Go Fly from Equistone for 580M EUR

Acquisition Highlights
  • This is easyJet’s 1st transaction in the Airlines sector.
  • This is easyJet’s 0th largest (disclosed) transaction.
  • This is easyJet’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2002-05-16
Target Go Fly
Sector Airlines
Buyer(s) easyJet
Sellers(s) Equistone
Deal Type Add-on Acquisition
Deal Value 580M EUR

Target

Go Fly

Stansted, United Kingdom
Go Fly Ltd. is a low cost airline established by British Airways.

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Buyer(S) 1

Buyer

easyJet

Luton, United Kingdom

Category Company
Founded 1995
Sector Airlines
Employees17,797
Revenue 9.3B GBP (2024)
DESCRIPTION

EasyJet is a discount airline serving Europe. easyJet was incorporated in 1995 and is based in Luton, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Airlines M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2002 M&A 1 of 1

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 8 of 206
Sector: Airlines M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 70
Country: United Kingdom M&A 7 of 84
Year: 2002 M&A 2 of 4
Size (of disclosed) 7 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-12 The Doctors Healthcare Co.

United Kingdom

The Doctors Healthcare Co. is an independent provider of medical diagnostic services.

Sell €105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-01 Comptage Immobilier Services

Masy, France

Comptages Immobilie Service (CIS) provies sub-metering industry offering renting, reading and management services of mostly water and heat metering devices.

Buy -