Divestiture • Retail

Abbey National Acquires Porterbrook Leasing

On April 1, 2000, Abbey National acquired retailer Porterbrook Leasing from Stagecoach Group

Acquisition Context
  • This is Abbey National’s 1st transaction in the Retail sector.
  • This is Abbey National’s 1st transaction in the United Kingdom.
Investment Fate
  • Porterbrook Leasing was divested to a consortium of buyers in 2008.
  • Porterbrook Leasing was sold to a financial buyer in 2014.

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M&A Deal Summary

Date April 1, 2000
Target Porterbrook Leasing
Sector Retail
Buyer(s) Abbey National
Sellers(s) Stagecoach Group
Deal Type Divestiture

Target Company

Porterbrook Leasing

London, United Kingdom
Porterbrook Leasing is an owns a diverse portfolio of passenger and freight rolling stock and leases this stock to train and freight operating companies in the UK under long-term lease agreements. Porterbrook Leasing was founded in 1994 and is based in London, United Kingdom.
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Buyer Overview 1

Buyer

Abbey National

London, United Kingdom

Category Company
Founded 1989
Sector Financial Services
Employees764
DESCRIPTION

Abbey National provides treasury, corporate, and wholesale banking products and services primarily in the United Kingdom. Abbey National was established in 1944 and is based in London.


Deal Context for Buyer #
Overall 1 of 1
Sector: Retail 1 of 1
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2000 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-08 Porterbrook Leasing

London, United Kingdom

Porterbrook Leasing is an owns a diverse portfolio of passenger and freight rolling stock and leases this stock to train and freight operating companies in the UK under long-term lease agreements. Porterbrook Leasing was founded in 1994 and is based in London, United Kingdom.

Sell -

Seller Profile 1

SELLER

Stagecoach Group

Perth, United Kingdom

Category Company
Founded 1980
Sector Transportation
Employees24
Revenue 1.2B GBP (2022)
DESCRIPTION

Stagecoach Group is a public transport provider in the UK and North America. Stagecoach Group was founded in 1980 and is based in Perth, United kingdom.


Deal Context for Seller #
Overall 1 of 11
Sector: Retail 1 of 1
Type: Divestiture 1 of 10
Country: United Kingdom 1 of 6
Year: 2000 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-08-01 Porterbrook Leasing

London, United Kingdom

Porterbrook Leasing is an owns a diverse portfolio of passenger and freight rolling stock and leases this stock to train and freight operating companies in the UK under long-term lease agreements. Porterbrook Leasing was founded in 1994 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-22 Glasgow Prestwick International Airport

Prestwick, United Kingdom

Glasgow Prestwick International Airport own and operate the Glasgow Prestwick and Kent International airports. The company also offers air navigation services.

Sell -

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