Ink, publisher of magazines for airlines including Easyjet and Etihad, put up for sale and could fetch £70m
The publisher of magazines for airlines ranging from easyJet to Etihad has been put up for sale amid predictions it will fetch £70 million.
Ink – owned by private equity firm Endless – produces 28 magazines in ten languages for 21 airlines and travel groups including Thomas Cook, American Airlines, Qatar Airways and United.
It claims to reach 802 million passengers a year.
Ink publishes magazines for airlines including easyJet
Founded in London in 1994, Ink has 250 people in offices around the world. It reported £58 million revenue with £10.6 million gross profit for the year to June 2017.
Endless, which has appointed advisers from KPMG to find a buyer for Ink, also owns stakes in bookmaker Jones, retailer The Works and West Cornwall Pasty Co.
The sale is the latest in the media sector. Last week, Informa – an events and business information group – agreed a £4billion deal to buy exhibitions firm UBM.
Trinity Mirror is in talks to buy the publisher of the Daily Express.
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