KKR, based in New York and known for investments such as the British recycling company Viridor and the Wella brand of haircare products, is one of the key bidders. Luxembourg-based CVC, currently also considering a takeover of the London-listed investment platform Hargreaves Lansdown, is another prominent contender.
PAI Partners, the French private equity firm that sold B&B Hotels to Goldman Sachs in 2019, is also reportedly in the running.
B&B currently manages 650 hotels, including 352 in France and 153 in Germany, as well as properties in Italy, Spain, Portugal, Czech Republic, Belgium, Austria, Poland and Brazil