easyJet plc
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Company
Ownership
Sir Stelios Haji-Ioannou Trust, reg. Cayman Islands; set up for the benefit of Sir Stelios Haji-Ioannou and others.
Structure
- EasyGroup Holdings Ltd, reg. Cayman Islands
- EasyGroup Ltd, CH
Orphans:
- Founders Factory Ltd
ToDo:
Brands
easyJet
- EasyJet
- http://www.easyjet.com/
- easyJet plc, CH. easyJet licenses the brand from easyGroup Ltd. easyGroup Holdings Ltd and Polys Holding Ltd hold 33% of easyJet plc (Sept.2017)
- easyJet Airline Company Ltd, CH
Stelios initially built the ’easy’ brand through easyJet, the first ’easy’ company. When easyJet was floated on the stock exchange, Stelios agreed a nominal royalty for use of the easyJet brand now worth several millions of pounds annually.ref, p.32
Timeline
- May.2002: Go Fly: 3i announced the sale of budget airline Go Fly to easyJet. 3i and Barclays Private Equity acquired a 62% stake, with Go employees a 22.5% stake. Go was sold for £374m in cash. With £116.4m in net cash on the company’s balance sheet, the enterprise value is £257.6m. This means that 3i will record a £231m profit, or a 2.7 times return, on its initial investment. The Go acquisition will allow easyJet to expand into new routes without having to take the risk of investing in new infrastructure. Also they will benefit from a strong brand and existing market base.ref, p.9