Apollo Circles KKR's Atlantic Aviation In $10 Billion Acquisition Move

Apollo Global Management is in advanced talks to acquire Atlantic Aviation from KKR & Co. for approximately $10 billion. The deal, which may be announced soon, involves Apollo partnering with GIC Pte for a controlling stake, while KKR plans to retain some interest by injecting fresh investment. This acquisition follows KKR's recent sale of CooIT Systems for $4.75 billion, marking a significant realization for KKR. The transaction is expected to close in Q3.