PAI Partners related stories
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CVC injects $175m to keep control of SamsoniteThe European buyout house is the latest financial sponsor to enter negotiations with lenders. Elsewhere, lenders to roofing company Monier are trying to seize control of the business from private equity firm PAI.
- PAI founder joins French distressed investment firm
Lise Nobre has joined Parisian turnaround specialist Butler Capital, owner of Paris St Germain football club.
- Monier lenders reject PAI equity cure proposal
The lenders to Monier – a troubled roofing manufacturer backed by PAI Partners – have rejected a PAI-led restructuring plan and are formulating their own proposal.
- US auto bailout to aid buyout firms
Many private equity firms have exposure to the US auto sector that was teetering on the edge of collapse. The US government's multi-billion efforts to prop up the big three US auto makers will accordingly affect many portfolios, not just Cerberus'.
- Make the first move
Most portfolios have at least one struggling business. It’s up to GPs to instigate a restructuring process before the banks have to step in, writes Toby Mitchenall.
- Report: Private equity firms eye €800m deal for Clece
Permira, Apax, CVC and PAI are reportedly lining up against two trade buyers as they consider bids to carve out Clece, a support services firm, from construction conglomerate ACS in the latest example of a Spanish building group selling off non-core assets.
- Relishing youth
Having spent the last few years positioning itself as a rapidly maturing market, Spain may yet be thankful for its youth, writes Toby Mitchenall.
- WL Ross increases stake in European auto supplier
The turnaround investor now holds 75 percent of Wagon following a €47m special rights offering. London Stock Exchange-listed Wagon designs vehicle structures for brands including Peugeot, Renault, Daimler and Volkswagen.
- PAI starts quoted equity business
The Paris-based buyout firm has become the latest to follow 3i into the quoted equity fund management arena by backing veteran Philippe Guez in his new firm. The start-up will mirror 3i’s quoted equities model by targeting minority stakes.
- Eurazeo revenues rise
The group had substantial rises in reported sales at Europcar, a car rental company and at ANF, a real estate company.