PAI Partners related stories
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PAI reshuffle to trigger key man clauseThe departure of two long-serving senior members of PAI Partners, including CEO Dominique Mégret, means LPs could suspend, dissolve or renegotiate and restructure Fund V.
- 3i eyes HeidelbergCement assets
The UK-based firm may bid for the company's Malaysian assets, estimated to be worth more than $200m. Others reportedly interested include Bain and CVC.
- Study: UK is the distress capital of Europe
Due to its proliferation of leveraged buyout activity during the credit boom era, the UK is home to more distressed assets than any other European country, according to Close Brothers Corporate Finance.
- TowerBrook tangles with GTCR in bankruptcy battle
TowerBrook has its sights on forcing the bankruptcy of a floundering portfolio company, Wilton Holdings, in which GTCR and co-investor Martha Stewart have some $200m in equity.
- Life after leverage
Mega-firms with dry powder are breaking the LBO mould to get deals done, writes Toby Mitchenall.
- German turnaround fund ramps up for Fund II
BluO earlier this month acquired Pit-Stop, a loss-making German subsidiary of PAI Partners’ auto repair business Kwik-Fit. The firm is now planning a €500m second fund.
- Secondaries fund targets €200m
London-based 17Capital has inked its debut deal, providing €30m of mezzanine finance to Altamir Amboise, a French-listed vehicle linked to Apax Partners France.
- Monier gets €1bn haircut as PAI loses control
The roofing business – now owned by Apollo, TowerBrook and York Capital – has rid itself of more than €1bn in debt.
- Straddling the Atlantic
Straddling the Atlantic 2009-03-01 Staff Writer ASSETS / FUNDS UNDER MANAGEMENT€1.7 billion as of 31 Dec 2008ALLOCATION TO PRIVATE EQUITY100%YEAR FIRST INVESTED IN PRIVATE EQUITY1988GEOGRAPHYNorth America50%Western Europe50%Central & Eastern EuropeMiddle East / AfricaAsia PacificLatin AmericaFUND TYPEGen
- Report: Monier slips from PAI’s grasp
Having previously rejected two debt-for-equity proposals by the company’s owner PAI, the lenders to the French roofing business Monier have now reportedly agreed a restructuring deal that will see a group of lenders take control.