Private Equity

Plaxton Holdings Limited

In May 2007 the Private Equity team announced the successful sale of luxury coach and bus manufacturer, Plaxton Holdings Limited, to Alexander Dennis Limited for an undisclosed sum. The sale represents a full exit for Aberdeen's investors and generates a return of in excess of 2.6x the cost of the original investment.

Aberdeen originally acquired Plaxton in May 2004 via a management buy-out from Mayflower Corporation Plc. In 2006 the business re-entered the bus market with the launch of two new models. In July of the same year Aberdeen led a successful recapitalisation of the business. Francesco Santinon and Andy Glennon led the exit on behalf of Aberdeen.