Acromas Holdings

Last updated

Acromas Holdings Ltd
Company type Private limited company
Industry Holding company
Founded18 May 2007
Headquarters
Folkestone, Kent
,
United Kingdom
Key people
Lloyd East, CEO
Website www.acromas.com

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]

Saga became listed on the London Stock Exchange in May 2014, through an initial public offering in which Acromas sold all its shares. [4] [5] The AA became listed on the London Stock Exchange in June 2014, through an initial public offering in which Acromas also sold all its shares. [6] [7]

Acromas was subsequently placed in members' voluntary liquidation in April 2017. [8]

References

  1. ↑ "Nestor Healthcare knocks back £100m approach from SAGA owner Acromas Holdings". Proctive Investors. Retrieved 5 October 2022.
  2. ↑ "Company No. 06252766". Companies House WebCHeck. Retrieved 14 November 2009.
  3. ↑ Goodman, Matthew (23 September 2007). "Equity windfall for Saga and AA staff". The Sunday Times . Times Newspapers Ltd. Archived from the original on 12 June 2011. Retrieved 14 November 2009.
  4. ↑ Jones, Sarah (23 May 2014). "Saga IPO Raises $928 Million, Shares at Bottom of Range". Bloomberg Business. Retrieved 22 February 2016.
  5. ↑ David, Ruth (23 June 2014). "AA Drops in First Day of Trading After $2.4 Billion IPO". Bloomberg Business. Retrieved 22 February 2016.
  6. ↑ Macalister, Terry (6 June 2014). "AA owner accelerates IPO plan with major sell-off". The Guardian. Retrieved 10 April 2016.
  7. ↑ David, Ruth (23 June 2014). "AA Drops in First Day of Trading After $2.4 Billion IPO". Bloomberg. Retrieved 15 September 2016.
  8. ↑ "Acromas Holdings Limited". The London Gazette. 28 April 2017. Retrieved 28 November 2025.


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