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Announced

Completed

PAI Partners sold B&B Hotels to Goldman Sachs for €1.9bn.

Financials

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Transaction Value£1,665m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Private

France

Hotels and Motels

budget hotel chain

Acquisition

Single Bidder

Friendly

Majority

Completed

Synopsis

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PAI Partners sold B&B Hotels, a European budget hotel chain, to the Merchant Banking Division of Goldman Sachs for €1.9bn ($2.1bn). “We would like to thank PAI Partners for their efforts and their confidence in our teams. Leveraging our unique concept, brand and entrepreneurial spirit, we look forward to continuing our growth trajectory alongside Goldman Sachs,” Fabrice Collet, B&B Hotels Chief Executive Officer.

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