Tue, 21 Feb 2012 | DIVISION SALE
Matrix Private Equity has put its stake in online travel agency Iglu on the market.
After being approached by interested third parties, the private equity firm – Iglu’s main backer – decided to sell its stake, and has brought in Livingstone Partners to assist in the sale process.
Iglu’s largest shareholders are its management, headed by company founder Richard Downs. They are retaining their ownership of the business.
Worth £5 million when Matrix purchased its stake, Iglu has grown since then but its value today is unknown. It is, however, expecting to report a turnover of about £90 million this year.
Iglu sells snowboarding and ski breaks, cruises and Christmas holidays to Lapland. Its websites include Igluski.com, Iglutropical.com, Iglulapland.com and Igluhotels.com.
On Iglu’s website it says the business is also backed by Sussex Place Ventures and Barclays Ventures.
Richard Downs set up Iglu in 1998 whilst studying for an MBA at London Business School. Speaking to The Times Mr Downs said: “For Matrix, it is a good time to take some money off the table and for us to go on with a new partner.”
Mr Downs wants the new backer to assist Iglu in its plans to expand overseas.
This is a chance to acquire a longstanding and reputable manufacturer of modern concrete garages, with roots dating back to the 1940s.
This well-established haulage company in West Yorkshire offers a strategic location with easy access to major motorway links and a strong, loyal client base developed over 20 years.
This is a rare opportunity to acquire this thriving motor vehicle repair, MOT, and service centre. This professionally run business currently provides the majority of its services to private customers with a small amount of commercial work, which pro...
04
|
Apr
|
WPP buys data collaboration platform InfoSum | BUSINESS SALE
WPP has bought data collaboration platform InfoSum to boost ...
03
|
Apr
|
Cambrian Training Group chooses employee ownership | BUSINESS SALE
Cambrian Training Group is celebrating its 30th birthday by ...
03
|
Apr
|
Mobeus sells investment in Star Brands after boosting EBITDA by 15X | BUSINESS SALE
Equity investor Mobeus has sold its investment in Star Brand...
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.