Neilson ‘close to being sold’

| July 24, 2018, 18:04

Neilson is close to being sold to the investment arm of Lloyds Banking Group.

Risk Capital Partners, the private equity firm founded by Luke Johnson, is on the brink of an agreement to sell Neilson to LDC, according to Sky News.

An announcement about a deal could come this week, although people close to the talks said it could still fall apart.

Neilson was originally put up for sale for around £80m.

Risk Capital bought the activity holidays company in 2013 from Thomas Cook.

Neilson records annual revenues of around £80m.

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