PropertyEU

Premira spends EUR 528m on conference centres

By A staff reporter 2007-05-25T00:00:00

Europe's largest private equity firm Premira has acquired Hayley Conference Centres for £358 mln (EUR 528 mln) to expand its Principal Hotels business, Bloomberg has reported. Permira bought Hayley from its managers, who were backed by 3i Group, according to an emailed statement from the London-based firm on Friday.

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