Eurazeo extends negotiations for B&B Hotels

The transaction is expected to be finalised by that date. Minority shareholder Montefiore Investments is also looking to divest its stake in the firm, but plans to reinvest alongside Carlyle. The transaction is still proceeding on the basis of an estimated enterprise value of €485m.

Eurazeo backed the secondary buyout of Financière Galaxie SAS, the holding company of B&B Hotels, from Duke Street Capital in 2005. The deal was valued at around €400m. The company opened 20 new hotels in 2009 and posted a €177m turnover, up 11.3% from the previous year.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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