KKR, a leading global investment firm, today announced the acquisition of Trainline, the UK’s leading online platform for selling rail tickets to both consumers and businesses.
Trainline is the most downloaded travel app in the UK and its website ranks 5th by gross transaction value in the UK e-commerce sector. The company has 4.7m active customers, 20.8m visits per month and operates platforms for both consumers and businesses. Trainline is licensed to sell rail tickets on behalf of all UK Train Operating Companies, Deutsche Bahn and Trenitalia.
“Trainline has achieved a lot during our eight years working alongside Exponent to develop the business, and we are well positioned to capitalise on great growth opportunities driven by the systemic shift to online in rail and the step-change in mobile and e-fulfilment, as well as international opportunities. In KKR we have found a partner that can support our expansion with capital, operational resources and access to its global network.”
Clare Gilmartin, CEO
Tom Burton and Jean-Pierre Smith advised the management team on their reinvestment alongside KKR.