Mon, 05 Nov 2012 | BUSINESS SALE
Insurance company Go Compare could be up for sale in the near future after reports have shown that the founder of the company has brought a group of accountants in to conduct a strategic review.
Hayley Parsons launched the company back in 2006 and is now thought to be weighing up her options ahead of the planned stock-market flotation of car insurance company Esure, which owns a 49 per cent stake in Go Compare.
Accountants from Grant Thornton have been chosen to conduct the review into the business, which is reportedly valued at around £500 million.
Should the sale go ahead, it is likely to attract a significant amount of attention. The successful flotation of Direct Line last month is thought to be reflective of a strong appetite among investment institutions for insurance businesses.
Go Compare had a successful year in 2011, providing a quote every second. Its profits rose by 15 per cent to £34.7 million, while turnover was up by seven per cent to £108.9 million.
At the moment, Ms Parsons holds a 23 per cent stake in the company, while the rest is split between staff and other shareholders. The firm is valued at over £100 million.
This well-established property maintenance company specialises in servicing blue chip clients across the North West, North Wales, and the Midlands.
Project Ray offers a unique opportunity to acquire a leading manufacturer of niche radiographic products, heavily focused on export markets including the Middle East and India.
This opportunity offers a well-established precision manufacturing business with a reliable customer base, strengthened by on-site customer-owned tooling.
03
|
Apr
|
Whitworths Food Group buys oils group KTC Edibles | BUSINESS SALE
Northamptonshire-based Whitworths Food Group is buying KTC E...
02
|
Apr
|
NVM exits travel tech firm Intuitive with Banyan Software deal | BUSINESS SALE
Banyan Software has bought a technology provider of end-to-e...
02
|
Apr
|
CheckFire Group buys long-standing partner PJ Fire | BUSINESS SALE
CheckFire Group, the South Wales-based fire safety equipment...
07
|
Jun
|
GoCompare to be offloaded in esure division sale | DIVISION SALE
Insurance giant esure has launched a strategic review into i...
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.