Private equity firm PAI buys AS Adventure for 400 mln euros-Reuters

(Reuters) – PAI Partners, a Paris-headquartered private equity firm, has bought outdoor outfitter AS Adventure Group from British private equity rival Lion Capital LLP, the companies said on Wednesday. The deal values AS Adventure at around 400 million euros ($458 million), according to two sources familiar with the deal. Fabrice Fouletier, partner at PAI, said […]

Hony Capital considering United Biscuits bid – Reuters

Chinese private equity firm Hony Capital is examining a bid for Britain’s United Biscuits Holdings Ltd and may be teaming up with a corporate buyer, Bloomberg reported, writes Reuters. Beijing-based Hony Capital, which manages more than $6.8 billion, has held informal talks with United Biscuits owners’ Blackstone Group and PAI Partners.

PAI raises almost half of 3 bln euro fund so far – Reuters

French private equity firm PAI Partners has raised nearly half of its planned 3 billion euro ($4.1 billion) buyout fund after 10 months on the road, writes Reuters. It is PAI’s first fundraising since a boardroom struggle in 2009 pushed out top management in favour of Lionel Zinsou, the former Rothschild banker who currently heads the buyout firm.

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