Mon, 16 Feb 2015 | BUSINESS SALE
The founders of the open-top sightseeing tours company Big Bus Tours are in line to net around £300 million as they sell the firm sources suggest.
UK private equity firm Exponent are said to be the frontrunners to complete the sale for a rumoured £400 million.
The Maybury family founded The Big Bus Company in 1991, starting out with just a few buses. The company has since expanded, more recently since 2011 when they merged with French rival Les Cars Rouges to form Big Bus Tours. Their burgundy and cream buses are now seen all over the world, in destinations such as New York, Shanghai and Dubai.
The sale of the business could prove a windfall for founders Richard, Desmond and Eleanor Maybury, worth up to £300 million according to reports. Investors Al Fahim Group, who bought a 30 per cent stake in the firm in 2000, are also expected to pocket payouts from the sale.
JP Morgan is in charge of the sale and a deal is expected to be announced within the next few weeks. It would come only a few weeks after Exponent sold thetrainline.com to American private equity firm KKR.
______________________________________________________________________
Related information:
Forming an acquisition strategy
Businesses for sale
Offered for sale is a highly regarded firm of commercial building consultants and surveyors, dedicated to providing expert advice and guidance in order to maximise the value of clients’ building assets.
The company designs, manufactures, installs, and maintains bespoke dust control equipment across the UK. Priding itself on its extensive in-house knowledge, the company provides a full range of filters, fans, and ducting, as well as offering annual C...
This business is a true powerhouse, offering customers everything they need to achieve their desired spaces in one convenient place. Whether they’re undertaking a full-scale renovation or searching for that perfect finishing touch, the solutions offe...
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.