Sat, 29 Jun 2013 | DIVISION SALE
Thomas Cook has put ski and sailing holiday firm Neilson on the market for an undisclosed amount.
The Sunday Times informed its readers in February that Thomas Cook’s chief executive, Harriet Green, planned to see about selling Neilson as part of a programme of disposals with the aim of raising funds to strengthen its balance sheet.
The value of Neilson is not clear but analysts say Thomas Cook could bring in up to £150 million from its disposals. Other businesses that face being sold off include Gold Medal Travel.
It is expected that several buyers, to include private equity firms and discount airline operator Monarch, will jostle against each other to win the business in an auction.
Established for about 37 years, Neilson began life as two separate companies, with one offering upmarket ski breaks and the other running sailing holidays in Greece. In 1999 its owner Thomas Cook brought the two entities together to create Neilson.
Based in Brighton Marina, the business offers ski and snowboarding holidays in locations including Canada, France, Italy and Austria. Its windsurfing, sailing and fitness breaks are based in Turkey amongst other places. It also offers walking holidays in the mountains and by lakes.
_________________________________________________________________________
Related information:
Possible division sale for Thomas Cook
Latest businesses for sale
A concept which led to revolutionizing the restaurant industry, offering an efficient and profitable approach to food production and targeted marketing.
Their versatile offerings include custom rafted joinery products such as elegant doorsets, stylish TV and media units, functional desks, ingenious shelving and storage solutions, luxurious bed surrounds, stunning timber staircases, sophisticated engi...
As a specialist in Italian Motorcycle Parts and Accessories supplies, the business has developed expertise in sourcing and offering a comprehensive range of high-quality products.
17
|
May
|
Focus Group continues acquisitive growth with telecoms deal | BUSINESS SALE
Business communications provider Focus Group has continued i...
17
|
May
|
Foresight-backed lab services group acquires sample storage specialist | BUSINESS SALE
Biofortuna, a laboratory services group backed by SME invest...
17
|
May
|
Brown & Brown acquires two insurance brokers | BUSINESS SALE
Brown & Brown (Europe) has continued its acquisitive activit...
09
|
Apr
|
Utilitywise divisions acquired by energy consultancy | BUSINESS SALE
Energy broker Utilitywise, which entered administration earl...
02
|
Dec
|
Care home group in administration rescued by debt investment firm | ADMINISTRATION
A 25-property care home group has been purchased out of admi...
17
|
Feb
|
Thomas Cook considering sale of Neilson ski business | DIVISION SALE
Travel company Thomas Cook is considering the sale of its Ne...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.