Sun, 17 Dec 2017 | BUSINESS SALE
Ferry operator Scandlines has been put on the market by 3i, its private equity owner.
Danish-headquartered Scandlines operates three lines for passenger and freight in and between Denmark, Sweden and Germany.
According to the Sunday Times, the ferry company could be worth around £600 million.
3i and Allianz Capital Partners (ACP) bought Scandlines for 1.5 billion euros at the peak of the buyout boom in 2007, backed with 1.28 billion euros of debt
In 2013 following a failed attempt to sell the business, 3i bought out ACP’s 50% share of the business in a deal that placed the current value of Scandlines at the time at just over 1.3 billion euros.
In 2016 Scandlines made 90,000 departures on 12 ferries, carrying 15 million passengers, 3.2 million cars, 1 million freight units and 64,000 buses on the Puttgarden-Rødby, Rostock-Gedser and Helsingør-Helsingborg routes.
Scandlines has recently objected to EU support of the Fehmarnbelt tunnel which will no doubt have an impact on sales once its construction is complete in 2028.
At a length of 18 km, the Fehmarnbelt fixed link, connecting the Danish island of Lolland with the German island of Fehmarn, will be the world’s longest immersed tunnel and the longest tunnel for both road and rail traffic.
However Scandlines’ prospects are thought to be solid and there should be considerable interest in the business from infrastructure funds.
Provides an extensive selection of products from leading brands, all of which are maintained to a high standard Knowledgeable and long-standing workforce in place, benefiting from extensive experience in the sector. Offers invited.
LEASEHOLD
A specialist third-party mailing house and fulfilment provider,utilising innovative technology and a network of couriers to offer an agile and reliable service.Services offered include order fulfilment and processing, courier services, printing, poly...
LEASEHOLD
Provides highly skilled and professional hospitality staff across a variety of sectors. Recognised as both a preferred and top tier supplier for several of its prestigious clients. Supplying both temporary and permanent Nationwide staffing solutions....
LEASEHOLD
|
23
|
|
Jan
|
MBO at Bristol-based media training firm | MBO/MBI
Mentor Media Training has been acquired by lead consultant D...
|
22
|
|
Jan
|
Chelmsford warehouse management firm bought by software provider | BUSINESS SALE
Chelmsford-based warehouse management solutions provider Min...
|
21
|
|
Jan
|
MBO at Newcastle market research company | MBO/MBI
Newcastle-based market research company Explain Market Resea...
Sign up to receive our acquisition alert emails to get your FREE guide
|
10
|
|
Jan
|
Upmarket fashion retailer Hobbs set for sale | BUSINESS SALE
A fashion retailer which counts the Royal Family among its c...
|
03
|
|
May
|
Ping An buys baby product firm from 3i | BUSINESS SALE
Chinese insurance giant Ping An has bought popular baby prod...
|
02
|
|
Jun
|
Jamie Oliver in business sale talks | BUSINESS SALE
Jamie Oliver is in talks regarding a business sale for his v...
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