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