Online train ticket seller bought by American equity firm
KRR buys thetrainline.com after firm’s IPO and suspected valuation of more than £500m
The American private equity fund KKR has bought the British train ticket website thetrainline.com, derailing its planned float on the London stock market.
Trainline was one of the first companies of the year to announce an initial public offering, which a source familiar with the deal said could have valued the firm at more than £500m.
Source: Guardian Transport