A shortlist of bidders for Tussauds Group, being sold by Charterhouse Development Capital, is said to include BC Partners, Permira, PAI and Kohlberg Kravis Roberts, reports The Sunday Times.

The four organisations are likely to have up to two months in which to formulate their bids before being asked to submit them to investment bank, Lazards, which is handling the sale.

Lazards last week received indicative offers of between £800m and £900m for the company.