Goldman Is Near 2 Billion Euro Deal for PAI's B&B Hotels
Goldman Sachs Group Inc. is close to a deal to buy the B&B Hotels chain from PAI Partners for about 2 billion euros ($2.2 billion), people familiar with the matter said. At that price, the Paris-based private equity firm will make a return of three times its initial investment, one of the people said, asking not to be identified because the deliberations are private.
Goldman Sachs Group Inc. is close to a deal to buy the B&B Hotels chain from PAI Partners for about 2 billion euros ($2.2 billion), people familiar with the matter said. At that price, the Paris-based private equity firm will make a return of three times its initial investment, one of the people said, asking not to be identified because the deliberations are private. Goldman Sachs is doing the deal through its merchant banking division, which includes private equity deals, the people said. No final decisions have been made and PAI may still decide against a deal, they said.