Ten Join Line-Up for the Race to Land Taittinger ; in Brief
Evening Standard - London › April 18, 2006
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Summary
ABOUT 10 bidders have filed indicative offers for Taittinger, the premium champagne house offered for sale by US hotels group Starwood in January.
Members of the Taittinger family, who sold the business to Starwood last autumn in a package that included hotels and the Baccarat crystal business, are among the frontrunners, backed by CrEdit Agricole. Also bidding are a slew of private equity firms, thought to include British-based CVC and Apax, Bridgepoint of the US and Paris-based Butler Capital Partners, which tried unsuccessful to buy the Lanson brand last year. JPMorgan and Rothschild are organising the auction, which includes vineyards and production facilities and could raise up to e450 million (Pounds 311.7 million).See the full content of this document
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Ten Join Line-Up for the Race to Land Taittinger ; in Brief
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