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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.
Saga was acquired by staff (20%) backed by the private equity firm Charterhouse in October 2004. [6] Saga merged with The AA (owned by CVC and Permira) to form Acromas Holdings. [7] In July 2011, Saga acquired Allied Healthcare. On 31 January 2015, it wrote it down to zero, and then sold it, at a small net profit, to Aurelius Group in December ...
Centrica sold the AA in July 2004 to two private equity firms, CVC and Permira, which in July 2007 merged the AA with Saga under Acromas Holdings. [ 16 ] In 2006, CVC and Permira were accused by Labour MP Gwyn Prosser in the House of Commons of "greed" and "blatant asset stripping " of the AA "to borrow £500m on the basis of the AA's assets in ...
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In 2004, CVC and Permira bought from Centrica the British motoring association the AA, and in July 2007 merged the AA with Saga under Acromas Holdings. [13] In 2006, CVC and Permira were accused by Labour MP Gwyn Prosser in the House of Commons of "greed" and "blatant asset stripping " of the AA "to borrow £500m on the basis of the AA's assets ...
Hooper was CEO of the travel division of Acromas Holdings, which includes Saga Travel, Titan Holidays, and travel division of the AA. [2] Hooper has been managing director of British Gas Residential Services. [3] [4] Hooper is a non-executive director of Wizz Air, the Department for Exiting the European Union (DExEU), the Rank Group and ...
In November 2009 the business was then sold to Managing Directors Abu-Haris Shafi and Nikolai Kesting and was then acquired by Acromas Holdings, which was the holding company for The AA and Saga in January 2011. The AA (including BSM ownership) then announced stock market flotation in June 2014.
The following year, Saga revealed plans to retire Saga Sapphire by 2020, with a farewell cruise to Norway. [16] In May 2019, it was reported Saga Pearl II had been sold to Aqua Explorer Holdings of the British Virgin Islands, and the ship would be moved to Perama as a result of the sale. [17]