Carlyle Explores £1 Sale of Minicab Firm Addison Lee @m2odo

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Carlyle Explores £1 Sale of Minicab Firm Addison Lee @m2odo

October 16, 2021 Cab4Now News 2

U.S. private-equity firm Carlyle Group is eyeing the possible sale of Addison Lee Group in a deal that could value the London-based minicab company at around £1 ($1.29), according to people familiar with the matter. The price was confirmed by Mick O’Donoghue in a tweet yesterday evening.

The buyout group has appointed bankers from Bank of America Merrill Lynch to handle the process, which is likely to start later in 2019 when there may be more clarity about the U.K.’s planned departure from the European Union, the people added.

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2 Responses

  1. Avatar Alan says:

    Alright John we have meet a few times I have been on Addison Lee for 28 years and I have not known it so bad on here has it is now not had a proper check for 6 weeks and I don’t know what to do

  2. Cab4Now Cab4Now says:

    Sorry to read that Alan.

    Time to get out maybe? I appreciate it’s a challenge after 28 years but it ain’t going to get better.

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