Hornby sells Scalextric slot car brand to Purbeck Capital for £20m

In Brief

Hornby has sold the Scalextric brand and intellectual property to Purbeck Capital Partners for £20 million.

Key Facts

• Hornby has sold the Scalextric slot car racing brand for £20 million
• The buyer is Purbeck Capital Partners, a family-owned investment vehicle
• Scalextric has been part of Hornby's hobby business for nearly 70 years
• Hornby also owns other toy brands including Airfix and Corgi
• The sale includes business and intellectual property rights of Scalextric

What Happened

Hornby, a company known for model railways and other toys, has agreed to sell the Scalextric slot car racing brand to Purbeck Capital Partners for £20 million. The deal includes the business and intellectual property rights of Scalextric, which has been part of Hornby's portfolio for almost seven decades, according to The Independent and The Guardian.

Why It Matters

The sale represents a transaction between Hornby and Purbeck Capital Partners involving the Scalextric brand. Both companies have not publicly detailed further implications of the sale, according to available reports.