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Quintessentially, the luxury concierge service founded by the Queen’s nephew, is in talks to find a buyer months after it warned of “material uncertainty” over its future.
Sky News has learned that the company, which was set up by Sir Ben Elliot and his business partners in 1999, is working with advisers on a process aimed at finding a new owner or investors.
City sources said this weekend that Quintessentially was already in discussions with prospective buyers and was anticipating receipt of a number of firm offers.
Sir Ben, the former Conservative Party co-chairman under Boris Johnson, owns a significant minority stake in the company.
The Quintessentially group operates a number of businesses, although its core activity remains the provision of lifestyle support to high net worth individuals including celebrities, royalty, and leading businesspeople.
It also counts major companies among its clients and offers services such as organising private jet flights and performances by top musicians.
The sale process is being overseen by a firm called Beyond, although further details, including the price that the business might fetch, were unclear on Saturday.
One insider said parties who had been contacted by Beyond were being offered the option to buy a controlling interest in Quintessentially.
This could be implemented through a combination of the repayment of outstanding loans, an injection of new funding into the business, and the purchase of existing shareholders’ interests, they added.
Quintessentially’s founders, including Sir Ben, are thought to be keen to retain an equity interest in the company after any deal.
In January 2022, newspaper reports suggested that Quintessentially had been put up for sale with a valuation of £140m.
Deloitte, the accountancy firm, was charged with finding a buyer at the time but a transaction failed to materialise.
Sir Ben, who was knighted in Mr Johnson’s resignation honours list, turned to one of…
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