December 15, 2015 / 6:15 PM / 4 years ago

BRIEF-PAI Partners enters exclusive negotiations to buy B&B Hotels

Dec 15 (Reuters) - Carlyle Group LP

* PAI Partners enters exclusive negotiations to buy B&B Hotels

* Carlyle group and Montefiore Investment today announced that they have entered into exclusive negotiations with private equity firm PAI Partners

* Negotiations for the acquisition by PAI of Groupe B&B Hotels alongside B&B’s management team.

* Equity for the transaction would be provided by PAI Europe VI, PAI’s latest 3.3bn fund

* Offer is subject to the consultation process of the relevant “comités d’entreprise” Further company coverage:

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