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.
Has established a prominent position with clients in its industry due to its prestigious portfolio. Operates from two leasehold premises. Offers invited.
LEASEHOLD
Utilises a reliable network of UK and European hauliers to provide tailored logistics solutions, operating 24/7. Offers invited.
LEASEHOLD
Services the company provides includes complex and continuing care, palliative care, live in care, domiciliary care and learning disabilities and mental health services. Offers invited.
FREEHOLD
|
23
|
|
May
|
Fintech company Loot collapses into administration | ADMINISTRATION
After failing to secure further backing from the Royal Bank ...
|
22
|
|
May
|
Spike in M&A activity in the education sector | BUSINESS SALE
In recent months, the education sector in the UK has witness...
|
22
|
|
May
|
Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION
Celebrity chef Jamie Oliver, who shot to fame after campaign...
Sign up to receive our acquisition alert emails to get your FREE guide
|
17
|
|
Dec
|
Travel Counsellors to explore £200m sale | BUSINESS SALE
The owners of Manchester-based holiday planner Travel Counse...
|
12
|
|
Apr
|
Historic food firm Whitworths is put up for sale | BUSINESS SALE
Whitworths, the 130-year-old maker of dried fruits and nuts,...
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