M&A Deal Summary

Lastminute.com Acquires Holiday Autos Group

On March 26, 2003, Lastminute.com acquired retailer Holiday Autos Group from ECI Partners for 40M GBP

Acquisition Highlights
  • This is Lastminute.com’s 1st transaction in the Retail sector.
  • This is Lastminute.com’s 0th largest (disclosed) transaction.
  • This is Lastminute.com’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2003-03-26
Target Holiday Autos Group
Sector Retail
Buyer(s) Lastminute.com
Sellers(s) ECI Partners
Deal Type Add-on Acquisition
Deal Value 40M GBP

Target

Holiday Autos Group

Woking, United Kingdom
website
Holiday Autos Group Ltd. is a provider of holiday car rental business.

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Buyer(S) 1

Buyer

Lastminute.com

London, United Kingdom

website


Category Company
Founded 1999
Sector E-Commerce
Employees1,275
Revenue 110M EUR (2014)
DESCRIPTION

Last Minute Network Ltd. (dba Lastminute.com) is an online travel and leisure retailer.


DEAL STATS #
Overall 2 of 2
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-28 Travelprice.com

St. Ouen, France

Travel Agency

Buy -

Seller(S) 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 1.7B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 20 of 76
Sector (Retail) 2 of 5
Type (Add-on Acquisition) 11 of 39
Country (United Kingdom) 19 of 71
Year (2003) 1 of 4
Size (of disclosed) 21 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-05 Highway Emergency Services

United Kingdom

Highway Emergency Services Ltd. is a national emergency installer of glass, frames and locks in the UK.

Sell £36M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-11 NCC Group

Manchester, United Kingdom

NCC Group is a information assurance specialist, passionate about changing the shape of the Internet and making it a safer place. Through an unrivalled range of services, it provide organisations with freedom from doubt that their most important assets are protected and operating as they should be at all times. NCC Group was founded in 1999 and is based in Manchester, the United Kingdom.

Sell £30M