The planned flotation of the trainline rail ticket website has been derailed by private equity giant KKR.
The US firm swooped yesterday to buy thetrainline.com from buyout firm Exponent for an undisclosed sum, heading off an IPO which could have valued the business at £500million. Exponent paid around £160m nine years ago to buy the venture from consortium owners including Virgin and Stagecoach which created the business.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
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We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
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