Fri, 18 May 2012 | MBO/MBI
Leisure Pass Group has been purchased by its CEO Darran Evans in a management buy-out deal, backed by Primary Capital.
The London-based tourist pass provider changed ownership in a £35 million deal. The backer, private equity firm Primary Capital, has plenty of experience in supporting MBOs, such as Paperchase, which was put through a £30 million buy-out in July 2010.
The Leisure Pass Group is the top multi-attraction tourist pass operator in the world, selling about 700,000 of its card-based passes every year. The cards give tourists free access to a range of must-see sites and attractions in cities. Places covered include London, Paris and Berlin.
Primary Capital directors Alex Parkinson and Rob Forman are to join the board of Leisure Pass as non-executive directors.
Mr Parkinson commented on the deal: “Primary is excited by Leisure Pass’ potential for growth both in its current core markets of London and Paris as well as via geographical expansion across Europe and further afield.”
International finance advisory company Livingstone Partners acted as adviser on the transaction.
Headquartered in London and with an industry focus on consumer, leisure and support services, Primary Capital also sold the YO! Sushi Group to Quilvest Private Equity in March 2008.
This esteemed business presents a unique opportunity for acquisition, boasting a long-standing reputation for manufacturing robust control valves serving various globally recognized industries. The company's stronghold is further cemented by lucrativ...
This is a rare opportunity to acquire a British OEM with a prestigious global customer base, supplying top-tier automotive, military, and motorsport sectors. The group boasts an impressive range of high-quality winches and bespoke engineering service...
A respected and well-established exhibition management business is available, known for its quality services and consistent performance.
04
|
Jul
|
East Midlands furniture manufacturer ceases trading | ADMINISTRATION
Andrew Paul Furniture Limited, a major furniture manufacture...
04
|
Jul
|
Yorkshire law company Ison Harrison merges with Skipton firm | MERGER
Ison Harrison, an employee owned law firm based in Yorkshire...
04
|
Jul
|
£37m-turnover pet food firm falls into administration | ADMINISTRATION
Kennelpak Limited, a private equity-backed pet products comp...
13
|
Aug
|
Forensic science equipment supplier completes MBO | MBO/MBI
A private equity firm has backed the management buyout of a ...
Business Sale Report is the complete resource for finding genuine 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.