BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Ferry firm Red Funnel up for sale for £250m

Ferry firm Red Funnel up for sale for £250m

Tue, 14 Mar 2017 | BUSINESS SALE

Ferry firm Red Funnel up for sale for £250m

Isle of Wight ferry operator Red Funnel has been put up for sale for £250 million by owner Infracapital, an infrastructure investment arm of the Prudential.

Infracapital, which bought Red Funnel about a decade ago for £200 million, has appointed Macquarie, the Australian investment bank, to handle the sale.

Red Funnel, established in 1861, operates 30,000 trips a year from Southampton to Cowes on the Isle of Wight, carrying 3.4 million passengers and 860,000 vehicles. The firm employs around 460 people.

Red Funnel this week confirmed the news, first reported by the Sunday Times.

The firm’s chief executive Kevin George said: "Infracapital has been a supportive owner of Red Funnel for nine years during which time there has been significant investment and improvements in the services we provide. It is normal for an infrastructure fund manager such as Infracapital to review its investments from time to time.

“We remain totally committed to offering safe and reliable services, value for money and great customer service now and into the future.”

Red Funnel posted £17.6 million in profit in 2015, 23 per cent up on the previous year.

In 2015 Wightlink, Red Funnel’s rival, was sold by Macquarie to Balfour Beatty’s infrastructure arm.

Find leisure and lifestyle businesses for sale.


Share this article



Latest Businesses for Sale

Shopfitting Specialists Providing a Complete Package
UK Wide

Turnkey shopfitting specialists providing a complete package with services including consultation design (2D 3D visualisations and walkthroughs) procurement contract management joinery manufacture and installation of all elements. The company operate...

Asking Price: Offers Invited
Turnover: £3,500,000

Service & MOT Centre Domestic & Light Commercial
Surrey, South East, UK

This well known and successful business, set up over 38 years ago, provides a comprehensive workshop service for motor vehicles/cars and light commercial vehicles and within the busy Surrey and South East region and has been in the current vendor’s o...

Asking Price: £400,000
Turnover: £601,000

LEASEHOLD


Designer & Manufacturer of Bespoke Furniture
West Midlands, UK

The company specialises in producing furniture from a wide array of materials, allowing it to act as a one-stop shop for private and commercial clients. Operating nationally, the company caters to 20 active industrial and commercial clients, all of w...

Asking Price: Offers Invited
Turnover: £863,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
07
 
Feb
 

Marine engineering firm to target M&A after revenue grows 21.5 per cent | BUSINESS NEWS

Marine engineering and warehousing business Shepherd Offshor...

 
07
 
Feb
 

Administrators exploring accelerated sale of telecoms contractor | ADMINISTRATION

Administrators from RSM UK Restructuring Advisory LLP are se...

 
06
 
Feb
 

M&Co brand bought out of administration, but 170 stores still to close | ADMINISTRATION

Scottish clothes retailer, M&Co has been bought out of admin...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
20
 
Apr
 

Govt’s Green Investment Bank sold in £2.3bn deal | BUSINESS SALE

The government has sold its Green Investment Bank (GIB) to M...

 
22
 
Dec
 

Dong to sell 50% of offshore wind farm in £1.6bn deal | BUSINESS SALE

Clean energy firm Dong Energy is to sell 50 per cent of Race...

 
17
 
Feb
 

Future bright after ferry firm's buy-out | BUSINESS SALE

The future of the ferry firm Wightlink Ferries, which operat...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Pricing
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.