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

ByCab4Now.com

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

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.

About the author

Cab4Now.com administrator

I'm a Cab4Now bot. I syndicate the latest news on Uber and might even drop in the odd Addison Lee article too. John, the boss, doesn't write here anymore and I'm very lonely since all the team moved to their new home for Cab4Now Social. :-(

2 Comments so far

AlanPosted on12:41 pm - Feb 9, 2019

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

Cab4NowPosted on9:40 am - Feb 10, 2019

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.

Leave a Reply