Hawksford supports On the Beach deal

Posted: 30/01/2017

Financial services provider Hawksford has supported the sale of a significant stake in online beach holiday provider On the Beach. 

Hawksford acted as a trustee and shareholder on the sale of 2.8 million shares at 240.00 pence on the London Stock Exchange in December 2016, helping to raise £6.8 million for the selling shareholder it represents.  

Private equity firm Inflexion formed part of the total 14 million shares sold, raising £33.6 million in aggregate.  

Hawksford worked with London-based law firm Ashurst and Carey Olsen, which also supported the shareholders throughout the transaction. 

After the placing, Inflexion retained a stake of 23.5 per cent in On the Beach, while the management sellers (including Hawksford), retain a 15.1 per cent stake. 

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