ICG, 3i battling to take control of Direct Ferries - report

Intermediate Capital Group and 3i are reportedly battling to take over online aggregator Direct Ferries which sells ferry tickets for operators including P&O and Stena Line.

The tickets platform, which was founded in 2001, is among the world's biggest businesses of its kind, Sky News reported citing unnamed sources. The deal could be worth £150m, it added.

Direct Ferries has been part-owned by Livingbridge, another private equity house, since 2016. Based in Blackfriars, London, it offers tickets for more than 3,000 ferry connections and covering more than 700 ports around the world.

Reporting by Frank Prenesti for Sharecast.com