PRINT THIS PAGE Four private equity firms vie for Tussauds Group12/11/2003. Source: AltAssets. 
 Pan-European buy-out firms Permira and PAI, and US firm Kohlberg Kravis Roberts are all reported to be vying for Charterhouse Development Capital's Tussauds Group. BC Partners is also thought to be considering an offer for the company.
The four bidders have been given until tomorrow to submit final offers in the takeover battle, which is expected to raise around £900m, according to a report by Reuters. Charterhouse will then review the bids before deciding whether to push ahead with a sale or opt to float the business instead.
Charterhouse acquired Tussauds in 1998 and has since expended its number of waxwork museums to include sites in New York, Las Vegas, Amsterdam and Hong Kong, alongside the flagship operation in London. The company is also responsible for millennium landmark, the London Eye.
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