Wed, 05 Aug 2015 | BUSINESS SALE
A sale of upmarket tour operator Audley Travel is on the cards with Rothschild bought into advise.
Equistone, Audley's private equity owner, has hired advisers to run the sale process, although at the moment there are no indications of who the potential purchaser might be.
A price of around £200 million is being mooted, which would provide Equistone with a healthy return following its original investment of £90 million back in 2012.
Audley itself was founded by Craig Burkinshaw and John Brewe. It began life as Asian Journeys back in 1996 but grew into Audley as they expanded their offer of tailor-made holidays and safaris.
Now the business has annual revenues of some £150 million and boasts a London and Boston, US, address.
The sale of Audley is the latest in a recent influx of mergers and acquisitions in the travel sector. Onthebeach, a private equity-owned company, is said to be considering a £250 million float, while Travel Counsellors and Lastminute.com are among the others in the sector to have changed hands recently.
Equistone, meanwhile, will be continuing its own investment in the holiday sector and maintains its £100 million investment in Travel Counsellors, which was completed last October.
Click here to view other businesses for sale.
An established MOT and service centre positioned in the vibrant community of Portslade, Brighton, presents a unique opportunity for investment in East Sussex's automotive service industry.
A licensed restaurant in Brighton, East Sussex, featuring alfresco seating for 60 covers, is available for purchase.
LEASEHOLD
Opportunity to acquire a maintenance grooming equipment business in Brighton at a reduced price for a quick sale.
30
|
Jun
|
Specialist electronics manufacturer to be acquired in £20m deal | BUSINESS SALE
Landguard Nexus Limited, a specialist electrical and electro...
30
|
Jun
|
Modella successfully price-chips WH Smith deal by at least 23 per cent | BUSINESS SALE
Back in March 2025, private investment form Modella Capital ...
30
|
Jun
|
IFA consolidator secures £14.5m facility for buy-and-build strategy | BUSINESS NEWS
Futura Financial Services Group, a consolidator of UK indepe...
13
|
Jan
|
QuestGates continues expansion with Brownsword deal | BUSINESS SALE
Private equity-backed QuestGates, the UK's largest inde...
28
|
Apr
|
WHP makes third acquisition in a month | BUSINESS SALE
WHP Telecoms has continued its recent acquisition spree with...
14
|
Apr
|
PE-backed telecoms group continues on acquisition trail | BUSINESS SALE
WHP Telecoms, which is backed by private-equity firm Equisto...
Business Sale Report is the complete resource for finding genuine 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.