Ferry operator up for sale

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.


Share this article



Latest Businesses for Sale

Air Conditioning, Heating & Ventilation Contractor
West Midlands, UK

Air conditioning, heating & ventilation contractor offering consultancy, design, sales & installation to commercial, industrial & residential properties. Supplies & installs market leading products to SME’s & blue-chip customers operating in a range...

Asking Price: Offers Invited
Turnover: £1,770,000

Supply & Servicing of Vending Machines & Related Equipment
East Anglia, UK Wide

Supplies, services & maintains a range of vending equipment such as coffee machines, snack vending machines, cold drink machines, water coolers & slush machines. Companies involved in the supply, filling & servicing of food & drink vending machines,...

Asking Price: Offers Invited
Turnover: £800,000

Road Marking Specialist for Builders, SMEs, Schools & Hospitals
North West, UK

Provides thermoplastic markings for roads, car parks & playgrounds, as well as anti-skid paint solutions & road studs. Customers include local authorities, SMEs, hospitals, schools, universities & PLCs within the construction industry. Contracted to...

Asking Price: Offers Invited
Turnover: £640,000


View more businesses for sale

News Search

Latest News

 
22
 
Nov
 

inTec Business Solutions acquires Titan Network Services | BUSINESS SALE

Manchester-based IT services company Titan Network Services ...

 
21
 
Nov
 

Buyer sought as North East contractor enters administration | ADMINISTRATION

A buyer is being sought for Pro-Fix Installations after the ...

 
20
 
Nov
 

Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION

An unfinished waste-to-gas facility in Swindon has secured &...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
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...

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