Permira, Bridgepoint said to weigh £500 million bids for Big Bus Tours - part 2

In case you are following the Big Bus Tours auction in detail, I hear from good sources four bidders have been shortlisted to participate in the sale process.

Those bidders are private equity firms Permira, Bridgepoint, Advent International and Canadian pension fund Omers.

I am told the owners of Big Bus Tours were looking at kicking of the sale in the New Year but decided to run an auction process before 2015 with a few select private equity bidders, who are likely to pay around £500 million for the business.