American asset manager of alternative assets and credit.
EasyJet has agreed in principle to a 6.90 share takeover offer from Castlelake, valuing the airline around £5.5bn. The board says the terms are at a value they would be minded to recommend should a firm bid be tabled, with Castlelake extending the deadline to 3 August to announce a firm offer. Apollo has emerged as a rival bidder raising the stakes in the battle for Europe’s no-frills carrier.
Dallas City Council has approved a Morgan Stanley expansion plan, offering a major downtown office and up to a decade of property tax abatements. The deal includes a new tower, thousands of jobs, and tens of millions in net economic benefit for the city, while Goldman Sachs and JPMorgan Chase expand elsewhere in Texas.
Publicly traded crypto treasury vehicles are reshaping how institutions access digital assets. Flutterwave’s Series E values it at $3.2B with Ripple as an investor; Avalanche Treasury Co. debuts on Nasdaq; Axios notes Wall Street’s shift toward crypto amid rising tokenization of assets.
The House Oversight Committee has subpoenaed former Apollo CEO Leon Black to produce nondisclosure agreements and to return for a sworn deposition on July 16 after he declined to answer questions about NDAs during a closed-door interview. Committee chair James Comer says the NDAs may connect Black to Jeffrey Epstein; Black denies wrongdoing.
Venture funding and debt markets are reacting to a wave of asset-management deals. A private equity-backed legacy business changes hands for about $2.8 billion, while new funds target dislocations across assets from hard assets to commercial real estate debt.