Acromas Holdings Explained
Acromas Holdings is a holding company formed in May 2007[1] by Charterhouse Capital Partners, CVC Capital Partners and Permira, to act as the parent company of Automobile Association and Saga, ahead of the companies' mergers in September 2007.[2] [3]
Acromas listed Saga on the London Stock Exchange through an initial public offering (IPO) in May 2014, followed by The AA in June that year.[4] [5]
Notes and References
- News: Nestor Healthcare knocks back £100m approach from SAGA owner Acromas Holdings. Proctive Investors. 5 October 2022.
- Web site: Company No. 06252766. Companies House WebCHeck. 2009-11-14.
- News: Equity windfall for Saga and AA staff. https://web.archive.org/web/20110612210045/http://business.timesonline.co.uk/tol/business/industry_sectors/support_services/article4296821.ece. dead. 12 June 2011. Goodman. Matthew. 23 September 2007. The Sunday Times. Times Newspapers Ltd. 2009-11-14.
- News: Jones. Sarah. Saga IPO Raises $928 Million, Shares at Bottom of Range. 22 February 2016. Bloomberg Business. 23 May 2014.
- News: David. Ruth. AA Drops in First Day of Trading After $2.4 Billion IPO. 22 February 2016. Bloomberg Business. 23 June 2014.