Saga’s takeover talks with Titan
Saga, the over-50’s holiday firm, is believed to be in takeover talks with Titan Travel, one of Britain’s biggest travel agents. It is understood that talks are at a very early stage. Saga, which is owned by the private equity firms Permira, Charterhouse and CVC, is forecast to pay between £15-20m for Titan, in a sale handled by McInnes, the corporate finance arm of insolvency specialists Begbies Traynor.