News By/Courtesy: Jyoti Goel | 30 Oct 2018 13:11pm IST

HIGHLIGHTS

  • Cox and Kings, the travel company has decided to hand over its education business to Midlothian Capital Partners for a cash value of 4387 crores.
  • The transaction is yet to go through some formalities such as regulatory approvals, customary closing adjustment and consent.
  • The Founding Partners of the MCP say that the HB is an industry leading in residential outdoor activity and travel tours.

Cox and Kings, the travel company has decided to hand over its education business to Midlothian Capital Partners for a cash value of 4387 crores. The transaction is yet to go through some formalities such as regulatory approvals, customary closing adjustment and consent. The education business comprises HB Education Ltd. which provides students with experiential learning through tours and activity centres. The focus not just knowledge but building up interpersonal skills, perseverance and hence overall confidence. This transaction is aimed at increasing the shareholder value of the business. They have worked for long over this goal and have achieved it through other means as well such as reducing debts and focusing on high value assets. They are quite positive regarding their policy and want to continue with the same. The Founding Partners of the MCP say that the HB is an industry leading in residential outdoor activity and travel tours. They take pride in being a part of it now not only in the UK but globally. They say that C&K have great owners and they would wish to have a wonderful relationship with them as they carry the business forward. The C&K is to continue with the Leisure and Hybrid Hotel business after the transaction.

 

Section Editor: Priyanshu Gupta | 30 Oct 2018 13:15pm IST


Tags : #Cox and Kings#Separated#Travel And Educational Business

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