Shearman And Sterling

News March 15, 2016

Shearman & Sterling Advises a Pool of Banks on the Financing of the Acquisition of B&B Hotels

Shearman & Sterling advised BNP Paribas, Crédit Agricole Corporate and Investment Bank, Crédit Suisse International, Natixis and Société Générale, as mandated arrangers and underwriters, on the €450 million senior financing for the acquisition of French hotel group B&B Hotels by private equity firm PAI Partners. B&B Hotels was acquired by PAI Partners from its current owners, private equity firm Carlyle and certain managers of the group.

The financing will allow B&B Hotels to continue its expansion. This is the fourth leveraged buyout of the company, pricing it at a total of €800 million.

The Team