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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

01483 662330

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LOCKDUTTON CORPORATE FINANCE LLP IS AN APPOINTED REPRESENTATIVE OF CAPITAL SYSTEMATICS LTD, WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

 

OUR REGISTERED ADDRESS IS 5 FLEET PLACE, LONDON EC4M 7RD, UNITED KINGDOM.

OUR OFFICE ADDRESS IS ONE LONDON SQUARE, CROSS LANES, GUILDFORD, SURREY GU1 1UN, UNITED KINGDOM