Apollo and GIC Near $10 Billion Deal for KKR’s Atlantic Aviation

Key Facts

1Apollo Global Management is nearing a deal to acquire Atlantic Aviation from KKR & Co. for approximately $10 billion.

2Apollo is partnering with Singapore’s sovereign wealth fund GIC Pte for a majority stake.

3KKR plans to reinvest and maintain a significant interest in the private jet fixed-base operator.

Apollo Global Management Inc. is reportedly in advanced talks to acquire Atlantic Aviation from KKR & Co. in a deal valued at approximately $10 billion. The private equity giant is partnering with Singapore’s sovereign wealth fund, GIC Pte, to secure a majority stake in the fixed-base operator. According to sources familiar with the matter, KKR plans to reinvest a portion of the proceeds to maintain a significant minority interest in the company. This transaction highlights the continued strength and high valuations within the private aviation infrastructure sector. For Apollo, the acquisition represents a strategic expansion of its portfolio into specialized transportation assets. Meanwhile, the deal allows KKR to monetize its successful investment while retaining exposure to future growth in the industry. The move underscores a robust environment for large-scale private equity M&A activity.