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TRADE SALE, TMT
Planet Cruise Limited is a independently owned online and TV cruise retailer. Incorporated in 2005 by husband and wife team Gary and Jenny West and has grown to a staff of 75 people.
KEY DEAL CHARACTERISTICS
Trade sale of cruise retailer to Iglu.com
Majority of the £5.5m paid to vendor on day one
Unique Media and internet provider
Included added complexity of obtaining CAA regulatory approval
"ANDREW AND CRAIG WORKED TIRELESSLY OVER 18 MONTHS TO ASSIST JENNY AND I IN IDENTIFYING AND THEN COMPLETING THE SALE OF OUR BUSINESS. I AM PLEASED TO SAY THAT THEY WERE SUCCESSFUL AND THE VALUE THEY ACHIEVED EXCEEDED OUR ASPIRATIONS. I WOULDN’T HESITATE TO RECOMMEND THEM.”
Gary West
MD, Planet Cruise Ltd
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