THE private equity owners of Exponent
Now a pound(s)400m valuation is being touted as the hoped-for price in a possible flotation.
The reports say Exponent, which also owns
Virgin created the business in 1999, and by 2006 it was operating websites for 16 train operating companies as well as a business travel service. Under pressure from the
The final bidders two years ago were said to have included
In its annual report,
The pre-tax loss narrowed to pound(s)1m from the pound(s)6.2m of the previous year, despite a pound(s)2.1m hit from advisory fees in the aborted sale process. There was also a pound(s)5.5m book loss (and pound(s)1.4m of fees) from the disposal of a smartcard business. The accounts showed shareholder funds of pound(s)12.9m in 2012 reversing to a negative pound(s)4.5m in 2013.
THE private equity owners of