Malta specialist Sunspot Tours has appointed advisors to look for a buyer for part of the company, which could net the founders a multi-million pound payout.
City sources told The Times that the Kent-based firm was working with corporate financiers from Catalyst on ‘strategic options’, which could lead to a sale of a stake in the business founded by chairman Martin Bugeja in 1980.
The most recent accounts show the business, which also trades as Mercury Holidays, made an operating profit of £3.5 million to the end of November 2016.
