Plans for Trainline.com to float on the London stock exchange hit the buffers as US private equity firm KKR decided the company was just the ticket.
KKR has bought the company from venture capital firm Exponent, which only two weeks ago announced plans to float the firm in London.
Trainline is the UK’s leading online platform for the purchase of railway tickets, and it offers the most downloaded travel app in the UK.
Dominic Murphy, head of KKR operations in the United Kingdom commented: “The investment in Trainline adds to our track record of partnering with entrepreneurs and management teams to build global companies and industry leaders. Similar to our Alliance Boots investment, we will support a strong investment programme leading to a further transformation and strong international expansion of the company.”