Global private equity and venture capital news and research

Exponent-backed rail ticket website eyes £400m valuation from IPO

23 Jun 2014

train ticket barrier railPrivate equity-backed UK rail ticket retailer is reportedly eyeing a stock market listing which could value it at more than £400m.

Owner Exponent Private Equity plans to appoint advisors for the float in the next few weeks according to Sky News, which cited unnamed sources.

Exponent tried to sell Trainline in 2012, but scrapped the process after failing to find bidders willing to meet its £300m-plus asking price.

Last September the company secured a £190m loan to refinance its existing debt and pay a dividend to Exponent, according to Reuters.

The package reportedly included a £140m loan from Ares Management, Babson Capital, BlueBay Asset Management and the Bank of Ireland and a £50m revolving credit facility from Barclays and HSBC.

Copyright © 2014 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016