Mon, 16 Feb 2015 | BUSINESS SALE
The founders of the open-top sightseeing tours company Big Bus Tours are in line to net around £300 million as they sell the firm sources suggest.
UK private equity firm Exponent are said to be the frontrunners to complete the sale for a rumoured £400 million.
The Maybury family founded The Big Bus Company in 1991, starting out with just a few buses. The company has since expanded, more recently since 2011 when they merged with French rival Les Cars Rouges to form Big Bus Tours. Their burgundy and cream buses are now seen all over the world, in destinations such as New York, Shanghai and Dubai.
The sale of the business could prove a windfall for founders Richard, Desmond and Eleanor Maybury, worth up to £300 million according to reports. Investors Al Fahim Group, who bought a 30 per cent stake in the firm in 2000, are also expected to pocket payouts from the sale.
JP Morgan is in charge of the sale and a deal is expected to be announced within the next few weeks. It would come only a few weeks after Exponent sold thetrainline.com to American private equity firm KKR.
______________________________________________________________________
Related information:
Forming an acquisition strategy
Businesses for sale
Presenting an opportunity to acquire a very profitable plumbers and heating merchants business operating nationwide.
Popular and well-regarded Sushi and Ramen restaurant and takeaway, which is situated in a prime city centre location in Norwich. The premises are set over three floors and are presented to an extremely high standard throughout and offers the opportun...
LEASEHOLD
Established respected business, holding valuable private and public sector client base, there being a number of key clients, some paying a retainer and from which regular repeat business is received ensuring a substantial pipeline figure.
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
01
|
Nov
|
Exponent Private Equity prepares for £500m Racing Post sale | BUSINESS SALE
Exponent Private Equity has reportedly entered talks with in...
16
|
Aug
|
Specialist publisher sold at near 3x revenue | BUSINESS SALE
Exponent Private Equity has agreed a deal to sell Dennis Pub...
07
|
Jun
|
Dennis Publishing puts The Week up for sale | BUSINESS SALE
Dennis Publishing has put its news and current affairs publi...
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.