PAI Partners
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Company type | Private |
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Industry | Private equity |
Founded | 1998 |
Headquarters | Paris, France |
Key people |
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Products | Private equity funds |
Total assets | €25.4 billion[1] |
Number of employees | 138 |
Website | www |
![](http://upload.wikimedia.org/wikipedia/commons/thumb/c/c6/PAI_headquarters_in_Paris.jpg/264px-PAI_headquarters_in_Paris.jpg)
PAI Partners is a French private equity firm based in Paris. It is one of the oldest firms in the sector, with its origins dating back to Paribas Affaires Industrielles, historically the principal investment arm of Paribas, which started operations in 1872.
PAI manages €25.4 billion of dedicated buyout funds. Since 1994, PAI has completed 65 LBO transactions in 11 European countries, representing over €48 billion in transaction value. PAI has 62 agents from 10 countries and teams in Paris, London, Luxembourg, Madrid, Milan, Munich, Stockholm and New York City.
History
[edit]PAI was formerly known as Paribas Affaires Industrielles,[2][3] and was historically the principal investment arm of Paribas. PAI LBO Fund, established in 1998, was the first PAI investment vehicle managing third party capital. Prior to 1998, PAI invested exclusively on the balance sheet of BNP Paribas.
Paribas merged with Banque Nationale de Paris in 2000.[4] In 1993, Amaury de Sèze joined Paribas Affaires Industrielles as chairman and chief executive officer. Under his leadership, PAI developed a strategy in private equity that capitalized on the team's familiarity with industrial sectors.
Paribas Affaires Industrielles led the €610 million buyout of Danone’s pasta and condiment unit in 1997,[5][6] at that time the largest leveraged buyout ever completed in France.[citation needed] The following year, the firm finalized fundraising for its first third party investment fund, raising €650 million of investor commitments. PAI completed a full spinout from BNP in 2000 and the following year raised a new €1.8 billion private equity fund.[citation needed]
History of private equity and venture capital |
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Early history |
(origins of modern private equity) |
The 1980s |
(leveraged buyout boom) |
The 1990s |
(leveraged buyout and the venture capital bubble) |
The 2000s |
(dot-com bubble to the credit crunch) |
The 2010s |
(expansion) |
The 2020s |
(COVID-19 recession) |
In September 2009, Lionel Zinsou became CEO and Chairman of the firm.[7][8] In 2015, Michel Paris became CEO after Lionel Zinsou stepped down to become prime minister in Benin.[9][10]
In March 2015, PAI raised its fifth LBO fund, PAI Europe VI, reaching €3.3 billion, above the initial target of €3 billion.[11] In September 2017, PAI announced the raising of a seventh investment vehicle: PAI Europe VII.[12] In March 2018, PAI closed their PAI Europe VII fund.[13][14]
Investment funds
[edit]Funds
[edit]Prior to 1998, PAI made investments via the Paribas Portfolio. The Paribas Portfolio was funded directly from Paribas’ balance sheet, largely unleveraged and comprising 51 investments, all of which have now been realised. Reflecting the broader investment remit of PAI at the time, it included control and non-control investments. Since 1998, PAI has raised five private equity funds, as detailed below:[15]
Fund name | Vintage | Total commitment | Focus | Status |
---|---|---|---|---|
PAI LBO Fund | 1998 | €650 million | Buyout | Liquidated |
PAI Europe III | 2001 | €1.8 billion | Buyout | Liquidated |
PAI Europe IV | 2005 | €2.7 billion | Buyout | Liquidated |
PAI Europe V[16] | 2008 | €2.7 billion | Buyout | Exit phase |
PAI Europe VI[17] | 2015 | €3.3 billion | Buyout | Exit phase |
PAI Mid-Market[18] | 2020 | €918 million | Buyout | Investment phase |
PAI Europe VII[19] | 2018 | €5.1 billion | Buyout | Investment phase |
PAI Partners VIII[20] | 2023 | €7.1 billion | Buyout | Investment phase |
Detailed investments
[edit]Historically, PAI managed Paribas's stakes in large food and consumer goods companies across Europe: Royal Canin (European leader in dry pet food), Diana Ingredients (natural food ingredients), Evialis (animal feed), Saupiquet (ready meals), LDC (premium poultry), Navidul (cured ham – Spain), SOS Arana (rice – Spain) and helped them consolidate their respective sector. In 2021 PAI completed its largest ever investment with the $3.3 billion acquisition of Tropicana, Naked and other North American juice brands from PepsiCo.[21] Previous transactions in consumer goods and services, healthcare as well as general industrial companies are highlighted below:[15]
PAI VII investments
[edit]Entry | Exit | Company Name | Business description | Country | Ref. |
2023 | Unrealised | Alphia | Pet food manudfacturer | United States | [22] |
2023 | Unrealised | Azets | Accounting, tax, pauroll, audit and advirosy services to SMEs | United Kingdom | [23] |
2023 | Unrealised | ECF | Hospitality and care equipment distributor | France | [24] |
2021 | Unrealised | European Camping Group | Outdoor accommodation | France | [25] |
2023 | Unrealised | Infra Group | Network infrastructure service provider | Belgium | [26] |
2023 | Unrealised | The Looping Group | Leisure parks | France | [27] |
2023 | Unrealised | NovaTaste | Taste innovation and ingredients | Austria | [28] |
PAI VII investments
[edit]Entry | Exit | Company Name | Business description | Country | Ref. |
2021 | Unrealised | Apave | Risk management | France | [29] |
2021 | Unrealised | Apleona | Facility management services | Germany | [30] |
2019 | Unrealised | Areas | Food and beverage travel retail | Spain | [31] |
2020 | Unrealised | Armacell | Insulation and engineered foam products | Luxembourg | [32] |
2018 | 2022 | Asmodee | Board, card and role playing game publisher and distributor | France | [33] |
2019 | Unrealised | Ecotone | Healthy and sustainable food | France | [34] |
2021 | Unrealised | Euro Ethnic Foods | Grocery products | France | [35] |
2021 | Unrealised | Euro Camping Group | Outdoor accommodation | France | [25] |
2022 | Unrealised | HKA | Risk mitigation consultancy | United Kingdom | [36] |
2021 | Unrealised | Pasubio | Premium leather for the automotive industry | Italy | [37] |
2021 | Unrealised | SGD Pharma | Primary glass packaging for the pharmaceutical industry | France | [38] |
2019 | Unrealised | Stella Group | Sun protection | France | [39] |
2021 | Unrealised | The Compleat Food Group | Chilled food platform | United Kingdom | [40] |
2022 | Unrealised | Theramex | Womens health parmaceuticals | United Kingdom | [41] |
2022 | Unrealised | Tropicana Brands Group | Global juices brand | United States | [42] |
2022 | Unrealised | Veonet | Ophthamology clinics platform | Germany | [43] |
2019 | Unrealised | Zahneins | Dental company | Germany | [44] |
PAI Mid-Market investments
[edit]Entry | Exit | Company Name | Business description | Country | Ref. |
2020 | Unrealised | Amplitude Surgical | Global surgical technology for lower limg orthopaedics | France | [45] |
2020 | Unrealised | Angulas Aguinaga | Refrigerated fish and seafood ready meals | Spain | [46] |
2023 | Unrealised | European Pizza Group | Frozen pizza | Germany | [47] |
2023 | Unrealised | La Compagnie des Desserts | Frozen desserts supplier | France | [48] |
2021 | Unrealised | Interflora | European flower and gife digital platform | France | [49] |
2021 | Unrealised | Scrigno | Integrated opening solutions | Italy | [50] |
2022 | Unrealised | Uvesco | Spanish retail food sector | Spain | [51] |
PAI VI investments
[edit]Entry | Exit | Company Name | Business description | Country | Ref. |
2018 | Unrealised | Albéa | Global packaging company | France | [52] |
2016 | 2022 | Atos Medical[53] | Laryngectomy products | Sweden | [54] |
2016 | 2019 | B&B Hotels[55] | Budget hotel chain | France | [56] |
2014 | 2017 | DomusVi[57] | Elderly care | France | [58] |
2017 | Unrealised | ELITech[59] | Diagnostic equipment | Italy | [60] |
2016 | Unrealised | Ethypharm[61] | Specialty pharmaceuticals | France | [62] |
2014 | Unrealised | EuroMediaGroup | Technical services to the audiovisual industry | France | [63] |
2014 | 2018 | InnoVista Sensors (formerly CST) | Sensors and control products | United States | [64][65] |
2015 | 2019 | Grupo Konecta | Business process outsourcing and contact centres | Spain | [66] |
2014 | Unrealised | Labeyrie Fine Foods | Gourmet food | France | [67] |
2018 | Unrealised | M Group Services | UK & Ireland infrastructure services | United Kingdom | [68] |
2018 | 2022 | Refresco | Bottler of beverages | The Netherlands | [69] |
2016 | 2020 | Roompot | Holiday parks | The Netherlands | [70] |
2017 | Unrealised | Tendam[71] | Apparel retailer | Spain | [72] |
2014 | Unrealised | VPS | Vacant property services | United Kingdom | [73] |
2015 | Unrealised | Yonderland | Outdoor equipment and fashion retailer | Belgium | [74] |
2018 | Unrealised | World Freight Company | Air cargo sales and services | France |
PAI V investments
[edit]Entry | Exit | Company Name | Business description | Country | Ref. |
2013 | 2017 | ADB Safegate | Airfield ground lighting | Belgium | [75] |
2008 | 2015 | Atos | IT service provider | France | [76] |
2010 | 2017 | Cerba European Lab | Specialised biology laboratory | France | [77] |
2013 | Unrealised | Froneri (formerly R&R Ice Cream) | Take-home ice cream manufacturer | United Kingdom | [78] |
2011 | 2016 | Hunkemöller | Lingerie retailer | The Netherlands | [79] |
2013 | 2017 | Group IPH | Industrial supplies distributor | France | [80] |
2011 | 2017 | Kiloutou | Equipment rental services | France | [81] |
2012 | 2019 | Marcolin | Eyewear design and manufacturing | Italy | [82][83] |
2011 | 2016 | Swissport | Global ground and cargo aircraft handling services | Switzerland | [84] |
2011 | 2014 | The Nuance Group | Travel retail and duty-free industry | Switzerland | [85] |
2008 | 2017 | Xella | Aircrete blocks | Germany | [86] |
PAI IV investments
[edit]Entry | Exit | Company Name | Business description | Country | Ref. |
2005 | 2012 | Chr. Hansen | Natural food ingredients | Denmark | [87] |
2005 | 2017 | Cortefiel | Apparel retailer | Spain | [72] |
2005 | 2016 | Global Closure Systems (aka GCS) | Plastic closures | France | [88] |
2007 | 2017 | Kaufman & Broad | Developer and builder of homes | France | [89] |
2005 | 2011 | Kwik-Fit | Automotive fast-fit | United Kingdom | [90] |
2007 | 2009 | Monier | Roofing products | France | [91] |
2005 | 2023 | Perstorp | Specialty chemical ingredients used for coatings | Sweden | [92][93] |
2006 | 2011 | Spie | Multitechnical services | France | [94] |
2006 | 2014 | United Biscuits | Biscuits and snacks | United Kingdom | [95] |
Previous investments
[edit]- Amora Maille: Sauces and condiments; acquired from Danone in 1997 sold to Unilever in 1999
- Antargaz: Propane and butane provision; sold to UGI Corporation in 2004
- Carglass: vehicle glass repair and replacement group
- Elis SA: Textile rental, hygiene services
- Gerflor: PVC flooring
- Groupe Lapeyre: Distribution of construction material
- Ipsen: Pharmaceutical laboratory
- VIA-GTI (known as Keolis): Transport; acquired 1995 and sold in 1999 to SNCF
- Panzani-Lustucru: Pasta and pasta sauces; acquired in 1997 from Danone, sold to Puleva en 2005
- Point P: Construction material distributor;
- Provimi: Animal nutrition
- Royal Canin: Animal nutrition for dogs and cats, sold to Mars Incorporated in 2002
- SAUR: Water distribution, sanitation and waste management services
- Saeco: Coffee machine manufacturer
- Vivarte: Shoe and women wear retailer; sold in 2007 to Charterhouse Capital Partners
- William Saurin: Canned ready meals; sold to Financière Turenne Lafayette (FTL) in 2001
- Yoplait: 51% share: Fresh dairy products, sold to General Mills in 2011
Notes and references
[edit]- ^ Funds raised since inception
- ^ "PAI Partners fait évoluer sa gouvernance - Les Echos". www.lesechos.fr (in French). 16 January 2017. Retrieved 2018-08-24.
- ^ Arnold, Martin (9 December 2008). "PAI Partners face double deal hit | Financial Times". Financial Times. Retrieved 24 August 2018.
- ^ "10 largest banks in the world as measure by the total assets". www.forexnewsnow.com. 5 August 2018. Retrieved 2018-08-23.
- ^ "Notre histoire | Groupe Panzani". Groupe Panzani (in French). Retrieved 2018-08-23.
- ^ "Danone cède son épicerie et se recentre sur trois pôles - Les Echos". www.lesechos.fr (in French). 10 October 1997. Retrieved 2018-08-23.
- ^ Javed, Ayesha (2015-06-19). "PAI Partners Chief To Become Prime Minister of Benin". WSJ. Retrieved 2018-09-11.
- ^ Michel, Serge (2015-08-07). "Lionel Zinsou: from Paris to Benin with an action plan". the Guardian. Retrieved 2018-09-11.
- ^ "Le banquier Lionel Zinsou devient premier ministre du Bénin". Le Monde.fr (in French). 19 June 2015. Retrieved 2018-08-24.
- ^ "Michel Paris devient seul maître à bord de PAI - Les Echos". www.lesechos.fr (in French). 21 June 2015. Retrieved 2018-08-24.
- ^ "Hard cap à 3,3 Md€ pour PAI Partners - Private Equity Magazine". www.pemagazine.fr.
- ^ "Closing final à 4 Md€ en vue pour PAI Partners". Capital Finance (in French). 2017-10-11. Retrieved 2022-11-27.
- ^ Jacobius, Arleen (2018-03-30). "PAI Partners closes latest fund at €5 billion". Pensions & Investments. Retrieved 2018-09-11.
- ^ staff, PEN. "PAI's Latest Fundraising Effort Closes at €5 Billion Hard Cap". Retrieved 2018-09-11.
- ^ a b "PAI Partners | Our funds and investors". PAI Partners. Retrieved 2024-01-28.
- ^ Bobeldijk, Yolanda (2014-01-14). "PAI holds €1.4bn first close". Private Equity International. Retrieved 2024-01-28.
- ^ "PAI nears €3bn final close for sixth fund | Unquote". www.unquote.com. 2015-01-14. Retrieved 2024-01-28.
- ^ "Rede Partners | PAI Partners close debut mid-market fund at €920m". Rede Partners. Retrieved 2024-01-28.
- ^ "PAI Partners closes latest fund at €5 billion". Pensions & Investments. March 30, 2018.
- ^ "PAI Partners completes $7.6bn close". Financier Worldwide. 2023-11-16. Retrieved 2024-01-28.
- ^ "PepsiCo to sell Tropicana and other juice brands for $3.3 billion". CNBC. 3 August 2021. Retrieved 9 December 2021.
- ^ Summerville, Abigail (24 August 2023). "Private equity firm PAI Partners to buy pet food maker Alphia". Reuters. Retrieved 2024-04-05.
- ^ "Azets Group secures investment from PAI to join Hg – Company Announcement - FT.com". markets.ft.com. Retrieved 2024-01-28.
- ^ Sebastian (2023-06-16). "PAI Partners Bids for Stake in €760m-Revenue Naxicap-Backed ECF Group". Private Equity Insights. Retrieved 2024-01-28.
- ^ a b "PAI Partners and European Camping Group on the Acquisition of Vacanceselect". Shearman & Sterling LLP. Retrieved 2024-01-28.
- ^ Joseph, Irien (2023-07-06). "PAI Partners to buy majority stake in Infra Group". PE Hub Europe. Retrieved 2024-01-28.
- ^ "News at Mubadala Capital". www.mubadalacapital.ae. Retrieved 2024-01-28.
- ^ "PAI introduces NovaTaste | Food Business News". www.foodbusinessnews.net. Retrieved 2024-01-28.
- ^ "Commission approves acquisition of joint control of the Apave Group by PAI Partners and Association Gapave". Practical Law. Retrieved 2024-01-28.
- ^ Kingston, Charles (2020-12-15). "Apleona sold to French private equity group PAI for €1.6bn". REFIRE. Retrieved 2024-01-28.
- ^ ""New era" for Areas as PAI Partners completes acquisition". The Moodie Davitt Report. 2019-07-01. Retrieved 2024-01-28.
- ^ Bucak, Selin. "PAI Partners to acquire Blackstone's Armacell in €1.4bn deal". www.penews.com. Retrieved 2024-01-28.
- ^ "PAI Partners acquires a majority stake in Asmodee from Eurazeo - Private Equity Executive Search". The MBS Group. Retrieved 2024-01-28.
- ^ Coyne, Andy (2020-11-12). "What's PAI Partners' game plan in buying two UK food groups at once?". Just Food. Retrieved 2024-01-28.
- ^ "Euro Ethnic Foods allocates €465M buyout loan; terms". www.spglobal.com. Retrieved 2024-01-28.
- ^ "HKA". Bridgepoint Corporate2022. Retrieved 2024-01-28.
- ^ "PAI Partners to acquire Pasubio from CVC Capital Partners VI". CVC. Retrieved 2024-01-28.
- ^ "SGD Pharma to be sold to private equity firm". Glass International. Retrieved 2024-01-28.
- ^ "PAI to buy Stella Group in €600m deal | Unquote". www.unquote.com. 2018-11-20. Retrieved 2024-01-28.
- ^ Mattinson2021-10-06T16:19:00+01:00, Alec. "Addo and Winterbotham Darby merged as Compleat Food Group after PAI acquisitions". The Grocer. Retrieved 2024-01-28.
{{cite web}}
: CS1 maint: numeric names: authors list (link) - ^ "Sale of Theramex by CVC to Carlyle and PAI Partners completes". www.taylorwessing.com. 2022-08-17. Retrieved 2024-01-28.
- ^ Devlin2021-08-04T09:48:00+01:00, Ed. "PepsiCo sells Tropicana and Naked juice brands to PAI Partner for $3.3bn". The Grocer. Retrieved 2024-01-28.
{{cite web}}
: CS1 maint: numeric names: authors list (link) - ^ "Nordic Capital agrees to sell Veonet to Ontario Teachers' and PAI Partners". Nordic Capital. Retrieved 2024-01-28.
- ^ "A consortium of Carlyle and PAI Partners to acquire Theramex from CVC Funds | Carlyle". www.carlyle.com. Retrieved 2024-01-28.
- ^ "Willkie | Willkie Advises Amplitude Surgical and PAI Partners on Sale of Novastep". www.willkie.com. Retrieved 2024-01-28.
- ^ "PAI Partners buys stake in Spanish fish company Angulas Aguinaga". www.foodprocessing-technology.com. Retrieved 2024-01-28.
- ^ Mattinson2023-04-21T16:34:00+01:00, Alec. "Nestlé agrees European frozen pizza joint venture with PAI PArtners". The Grocer. Retrieved 2024-01-28.
{{cite web}}
: CS1 maint: numeric names: authors list (link) - ^ Mathieu, Henry (2023-02-20). "PAI Partners snaps up La Compagnie des Desserts". Just Food. Retrieved 2024-01-28.
- ^ "PAI Partners Acquires A Majority Stake In The Interflora Group". www.goodwinlaw.com. Retrieved 2024-01-28.
- ^ "CVC Credit supports the acquisition of Scrigno by PAI Partners". CVC. Retrieved 2024-01-28.
- ^ "PAI Partners takes control of BM Supermercados". www.investinspain.org. Retrieved 2024-01-28.
- ^ "ALBEA: Takeover by French investment company PAI Partners complete | Plasteurope.com". www.plasteurope.com. Retrieved 2024-01-28.
- ^ "Welcome to Atos Medical - Atos Medical". www.atosmedical.com. Retrieved 2024-04-05.
- ^ Figari, Luciano (2016-05-31). "EQT exits Atos Medical to PAI Partners - Real Deals". Real Deals. Retrieved 2018-01-25.
- ^ http://www.hotel-bb.com/en/home.htm B&B Hotels
- ^ "BRIEF-PAI Partners enters exclusive negotiations to buy B&B Hotels". Reuters. 2015-12-15. Retrieved 2018-01-25.
- ^ https://www.domusvi.com/ DomusVi
- ^ Figari, Luciano (2017-06-08). "PAI Partners to sell DomusVi stake to ICG - Real Deals". Real Deals. Retrieved 2018-01-23.
- ^ Langworth, Hannah (2017-05-12). "PAI acquires diagnostics business Elitech from Ergon - Real Deals". Real Deals. Retrieved 2018-01-25.
- ^ Langworth, Hannah (2017-05-12). "PAI acquires diagnostics business Elitech from Ergon - Real Deals". Real Deals. Retrieved 2018-01-25.
- ^ "Ethypharm Buying Martindale Pharma". Genetic Engineering & Biotechnology News. 2017-01-19. Retrieved 2021-09-30.
- ^ "PAI to buy drugmaker Ethypharm from Astorg for about $855 million: sou". Reuters. 2016-05-06. Retrieved 2018-01-25.
- ^ "France's PAI Partners to buy Euro Media Group". Reuters. 2014-04-24. Retrieved 2018-01-25.
- ^ "The Carlyle Group and PAI Partners Enter into Exclusive Discussions with Schneider Electric for the Acquisition of a Majority Stake in Custom Sensors & Technologies, a Specialist in Designing and Manufacturing Sensing, Control and Motion Products | The Carlyle Group". www.carlyle.com. Retrieved 2018-01-25.
- ^ Riordan, Darragh (2017-12-14). "Carlyle, PAI sell Crouzet to LBO France - Real Deals". Real Deals. Retrieved 2018-01-25.
- ^ "PAI Partners acquires a 40% stake in Grupo Konecta - Nearshore Americas". Nearshore Americas. 2015-10-06. Retrieved 2018-01-25.
- ^ Bray, Chad (16 June 2014). "PAI Partners Plans Joint Venture to Control Labeyrie Fine Foods". DealBook. Retrieved 2018-01-25.
- ^ "PAI Partners acquires M Group Services from First Reserve". Private Equity Wire. May 21, 2018.
- ^ 0to9 (2018-03-15). "PAI Partners and bcIMC to acquire Refresco". AXECO Corporate Finance. Retrieved 2024-01-28.
{{cite web}}
: CS1 maint: numeric names: authors list (link) - ^ Bobeldijk, Yolanda. "PAI Partners buys Dutch holiday park business". Retrieved 2018-01-25.
- ^ https://www.fnlondon.com/articles/cvc-agrees-to-split-cortefiel-with-pai-and-permira-20050722%7Ctitle=CVC agrees to split Cortefiel with PAI and Permira|last=Dewson|first=Andrew|accessdate=2018-01-25
- ^ a b Dewson, Andrew. "CVC agrees to split Cortefiel with PAI and Permira". Retrieved 2018-01-25.
- ^ "PAI Partners acquires VPS Holdings from TDR Capital - PE Hub". PE Hub. 2014-06-25. Retrieved 2018-01-25.
- ^ "A.S. Adventure Group becomes Yonderland following restructuring". RetailDetail EU. 2021-05-03. Retrieved 2024-01-28.
- ^ Riordan, Darragh (2017-07-17). "PAI Partners sells ADB Safegate to Carlyle - Real Deals". Real Deals. Retrieved 2018-01-25.
- ^ "Private equity firm PAI sells out of". Reuters. 2015-02-25. Retrieved 2018-01-25.
- ^ Espinoza, Javier (2017-01-22). "Cerba Healthcare sold to Partners Group and PSP Investments". Financial Times. Retrieved 2018-01-25.
- ^ "Nestlé and R&R to create Froneri, an ice cream and frozen food joint venture". www.nestle.com. 27 April 2016. Retrieved 2018-01-25.
- ^ "Carlyle's Hunkemöller acquisition approved". RetailDetail. 2016-02-08. Retrieved 2018-01-25.
- ^ White, Lucy (2017-06-12). "Advent wraps up IPH deal to create €2.1bn industrials business". Retrieved 2018-01-25.
- ^ "Kiloutou sold by PAI Partners - XPERTS COUNCIL". XPERTS COUNCIL (in French). 2017-12-07. Archived from the original on 2018-01-26. Retrieved 2018-01-25.
- ^ "Italian eyewear maker Marcolin sold to private equity". Reuters. 2012-10-15. Retrieved 2018-01-25.
- ^ Gopinath, Swetha; David, Ruth; Tse, Crystal (25 October 2023). "PAI-Backed Eyewear Maker Marcolin Considers Sale". Bloomberg.
- ^ Bray, Chad (2015-07-30). "PAI Partners to Sell Swissport International for $2.8 Billion". The New York Times. ISSN 0362-4331. Retrieved 2018-01-25.
- ^ "Dufry buys Nuances's duty free shops for 1.55 billion Swiss francs". bebeez.it. 5 June 2014. Retrieved 2018-01-25.
- ^ "PAI Partners and Goldman sell Xella to buyout group Lone Star". Reuters. 2016-12-01. Retrieved 2018-01-25.
- ^ "PAI Partners sell 25.7 pct of Chr Hansen to Novo A/S". Reuters. 2012-01-11. Retrieved 2018-01-25.
- ^ "PAI uncorks sale of French bottle-top maker Global Closure Systems - s". Reuters. 2015-10-28. Retrieved 2018-01-25.
- ^ "Kaufman & Broad: Un fonds de PAI Partners cède 17% du capital". Challenges (in French). Retrieved 2018-01-25.
- ^ "Itochu says to buy Kwik Fit for £637 million". Reuters. 2023-08-14. Retrieved 2023-08-14.
- ^ "PAI takes hit as lenders wrestle control of Monier". Reuters. 2009-07-06. Retrieved 2018-01-25.
- ^ Chimie, Info (24 October 2005). "Perstorp tombe dans le giron du Français PAI Partners - Info Chimie". www.industrie.com. Retrieved 2018-01-25.
- ^ "PAI Partners agrees sale of Perstorp to Petronas Chemicals Group". 17 May 2022. Retrieved 15 August 2023.
- ^ Cauchi, Marietta. "PAI Partners sells Spie for $2.1 billion". MarketWatch. Retrieved 2018-01-25.
- ^ "Blackstone and PAI Partners agree sale of United Biscuits to Yildiz Holding - FoodBev Media". www.foodbev.com. Retrieved 2018-01-25.
External links
[edit]- Official website
- PAI partners BusinessWeek Profile
- "Builder To Sell Water Unit." New York Times, November 16, 2004
- Timmons, Heather, Private Equity Investors Are Reshaping the Landscape of European Business. The New York Times, May 5, 2005
- IPH shareholders