Private equity keen on Thomas Cook

Private equity and trade buyers are reportedly circling Thomas Cook, Europe's second biggest tour operator, after its majority stakeholder, German retailer Arcandor, filed for insolvency. It is reported that a management buyout could potentially be an option, but it would depend on credit market conditions.

Uncertainty surrounding Arcandor's stake has caused the company's stock to lose nearly 30% of its value since May 6, before rising 10% as bid rumours intensified.

Arcandor is said to have a EUR650m debt pile and reportedly plans to use its shares in Thomas Cook as collateral against its banking facilities.

Trade buyers interested in the company include German retailer Rewe and Switzerland's Kuoni.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industry
• France
• Consumer