M&A Deal Summary

PAI Partners Acquires B&B Hotels

On March 1, 2016, private equity firm PAI Partners acquired leisure company B&B Hotels from The Carlyle Group and Arts et Biens

Acquisition Highlights
  • This is PAI Partners’ 1st transaction in the Leisure sector.
  • This is PAI Partners’ 24th transaction in France.
Investment Fate
  • B&B Hotels was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2016-03-01
Target B&B Hotels
Sector Leisure
Buyer(s) PAI Partners
Sellers(s) The Carlyle Group
Arts et Biens
Deal Type Secondary Buyout

Target

B&B Hotels

Paris, France
B&B Hotels is a budget hotels chain in Europe operating a network of more than 486 budget hotels, across 12 countries with a total of 42,832 rooms. B&B is at the "high-end" of the budget hotel segment, offering high quality at a competitive price, to meet the needs of both business and leisure travelers. B&B Hotels was founded in 1990 and is based in Paris, France.

Search 214,876 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 48 of 95
Sector: Leisure M&A 1 of 4
Type: Secondary Buyout M&A Deals 13 of 47
Country: France M&A 24 of 42
Year: 2016 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-14 Global Closure Systems

Paris, France

Global Closure Systems Ltd. is a designer and manufacturer of plastics closures for consumer packaging offering a wide range of stock and custom designs and also producing a number of aluminium closures used for spirits and water packaging; over 38 billion closures are produced annually.

Sell €650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-06 Ethypharm

SaintCloud, France

Ethypharm is a Drug Delivery System (DDS) company. The company develops and manufactures medicinal products specialising in controlled release products. Drug Delivery Systems provide major benefits including improving the drug efficacy, enhancing patient compliance and comfort, extending the life cycle of existing drugs, and reducing the total cost of treatment. Ethypharm was founded in 1977 and is based in SaintCloud, France.

Buy €750M

Seller(S) 2

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 300 of 490
Sector: Leisure M&A 3 of 8
Type: Secondary Buyout M&A Deals 58 of 119
Country: France M&A 14 of 23
Year: 2016 M&A 9 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Plateno Hotels Group Co .

Guangzhou, China

Plateno Hotel Group is a economy and mid-tierhotel chain operator in China.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-10 Jencap

New York, New York, United States

Jencap is a specialty insurance distribution and program management business, including managing general agencies, specialty program underwriters, transactional wholesale brokers, and captive managers. JenCap Holdings has assembled a management team with the sector insight and experience to drive organic growth and strategic acquisition strategies leveraging technology and advanced data analytics. Jencap was founded in 2016 and is based in New York City.

Buy -
SELLER

Arts et Biens

Paris, France

Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 40M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Arts et Biens is a private equity firm specializing in buyouts (MBOs, MBIs, LBOs) of French companies. In addition to investing directly in companies, Arts also invests in private equity funds. The Firm looks to invest €2 to €20 million per transaction. Arts seeks to hold majority interests and targets companies operating in the fields of consumer goods, specialty retail, software/technologies and business services. Arts et Biens was formed in 1999 and is based in Paris.


DEAL STATS #
Overall 2 of 5
Sector: Leisure M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: France M&A 1 of 4
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-28 SynerTrade

New York, New York, United States

SynerTrade is an editor and integrator of a Supplier Relationship Management (SRM) software solution (on demand). SynerTrade is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Arteum

Paris, France

Arteum provides gift shops and bookshops-gift shops of fine art museums, science museums, tourist monuments, zoos, aquariums, amusement parks and all recreational and culture orientated sites. Arteum has developed a customised innovative retail and multichannel approach and expertise specific to the cultural and touristic distribution. Arteum was founded in 2008 and is based in Paris, France.

Buy -