Add-on Acquisition • Retail

Lastminute.com Acquires Holiday Autos Group

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

Acquisition Context
  • 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.

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M&A Deal Summary

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

Target Company

Holiday Autos Group

Woking, United Kingdom
Holiday Autos Group Ltd. is a provider of holiday car rental business.
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Buyer Overview 1

Buyer

Lastminute.com

London, United Kingdom

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 Context for Buyer #
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 Profile 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B 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 Context for Seller #
Overall 20 of 76
Sector: Retail 2 of 5
Type: Add-on Acquisition 11 of 39
Country: United Kingdom 19 of 70
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 an information assurance specialist, passionate about changing the shape of the Internet and making it a safer place. Through an unrivalled range of services, it provides 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, England.

Sell £30M