Private equity firm PAI Partners plans to finance its acquisition of R&R Ice Cream from Oaktree with a 253 million euros ($331.2 million) five-year Payment-In-Kind Toggle note, according to Thomson Reuters‘ publication IFR.
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PAI Partners has acquired ADB Solutions from Montagu Private Equity. Terms of the transaction, which is subject to regulatory clearances, were not disclosed.
French engineering company Schneider Electric has abandoned plans to sell its CST sensors division for around $1 billion, writes Reuters. Schneider cancelled plans after last-ditch efforts to reach a deal with Carlyle Group and PAI Partners failed, writes Reuters.
European private equity firm PAI Partners has reached an agreement to purchase a 78.39% stake in Marcolin, an Italian eyewear manufacturer. The purchase will be carried out by Cristallo, a company indirectly controlled by certain investment funds managed by PAI Partners.
Euro-denominated buyout funds, which play a prominent role in CPP Investment Board’s portfolio, have provided some solid returns over the years. But there is one player that shines above the rest, according to the Buyouts performance database.
CPPIB continues to diversify into Asia and Latin America and India, but is also still very much focused on Europe. The proof is in the private equity pudding with CPPIB making its largest 2011 vintage commitment to a European buyout behemouth.
Four private equity firms are set to fight it out for Sweden’s Bravida, worth around $1 billion, writes Reuters. Sources familiar with the matter said EQT, Apax Partners, Bain Capital and PAI Partners have proceeded into the second round of bids for the installation services firm, owned by private equity group Triton. Reuters – At [...]
Blackstone Group and PAI Partners, the private equity owners of UK-based United Biscuits have appointed Credit Suisse to split the food company’s salty snack business from its other operations, the Wall Street Journal reported on Monday, writes Reuters. The buyout firms had in 2010 attempted to sell the company for 2 billion pounds ($3.13 billion), [...]
France is challenging the UK as the leader in European buyouts, with 129 deals worth €14 billion last year, says a new report.
PAI Partners is planning to raise a new 3 billion euro ($3.81 billion) buyout fund this year, Reuters reported. The new fund represents a potential comeback for the French buyout fund, which ousted its management 18 months ago and cut in half its fifth buyout fund, Reuters wrote. Meetings with investors will reportedly begin in March.