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.
Operating with 7 employees, can be run under management. Reputable asbestos services business for sale. National database, established 2003. Offers invited.
Successful business operating for over 14 years. Provides a comprehensive range of organic waste recycling services, as well as distributing products such as agricultural compost and graded wood. Offers invited.
FREEHOLD
This is an excellent opportunity for an interested buyer to take on a reputable garage based in Hampshire. Business has a great reputation with a large commercial and domestic client base. Offers invited.
LEASEHOLD
|
27
|
|
May
|
Food-to-go supplier calls in administrators | ADMINISTRATION
Adelie Foods, one of Britain’s biggest suppliers of sa...
|
26
|
|
May
|
Luxury fashion brand DVF Studio enters administration | ADMINISTRATION
DVF Studio, the UK business of fashion designer Diane von Fu...
|
24
|
|
May
|
Over 50 hotels and travel brands up for sale as leisure company collapses | ADMINISTRATION
The parent company of coach holiday company National Holiday...
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