SCOTTO & ASSOCIÉS advised the management team of B&B Hotels in connection with its acquisition by PAI Partners
Paris, December 17, 2015
Scotto & Associés advised the management team of B&B Hotels on a fourth-round LBO led by PAI Partners, which has succeeded Carlyle and Montefiore Investment as the group’s majority shareholder.
With 2014 revenue of 320 million euros, the Breton group operates more than 340 properties, primarily in France and Europe, and is planning significant international expansion, with a goal of 500 hotels in Europe by 2020.
The firm's team consisted of Lionel Scotto le Massese and Nicolas Menard-Durand, partners, as well as Tessa Parodi de Schonen and Vincenzo Feldmann.
Other tips for the operation:
- Weil, Gotshal & Manges represented the sellers.
