Exponent Private Equity has reached an agreement with Big Bus Tour to acquire the company. In October 2014, their confirmed it had appointed JP Morgan to lead a review of the business, which then led to the sale to Exponent. Exponent is a private equity firm investing in UK. This company has a value between £75m and £350m. They work with businesses across a broad range of sectors to unlock value and drive growth.
Pat Waterman, Big Bus Tour CEO, commented: “We look forward to the next phase of growth, and fulfilling our strategic objectives working closely with Exponent to deliver an enhanced customer experience, Big Bus Tour is pleased to have a partner in Exponent that shares our vision ‘to be the world leader and most recognisable brand in sightseeing’.