PAI Partners related stories
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PAI looks to step up fundraisingLast week’s €12.8bn bid for tobacco group Altadis was a declaration of intent by French firm PAI to join the mega fund elite. Its latest fundraising will reportedly target up to €7bn.
- CVC looks to Altadis
CVC Capital Partners is reportedly looking to bounce back from the disappointment of losing out in the battle for Sainsbury’s by turning its attentions to Altadis, a Spanish tobacco company.
- Another twist in Altadis takeover
Altadis, the Spanish cigarette maker that CVC, PAI and Cinven are stalking, has reportedly met with Imperial Tobacco to re-think a takeover by the UK trade buyer.
- Industri Kapital sells veterinary lab
Nordic buyout firm Industri Kapital has achieved a 3.5 times return on its investment by selling veterinary laboratory Ceva Santé Animale to a private equity consortium.
- Cognetas and Sagard win €670m Desjonquères race
Buyout firms Cognetas and Sagard have triumphed in the race to buy Desjonquères, the bottle-making division of French group Saint-Gobain.
- Buyout firms could enter Altadis race
Three private equity firms are reportedly in talks with British American Tobacco about submitting a rival bid for Altadis, a Franco-Spanish cigarette maker that has become a bid target in the latest round of consolidation in the industry.
- PAI looks to cash in on €2.4 bn Saur
A consortium led by the Caisse des Dépôts et Consignations is in exclusive negotiations to buy Saur, a French waste and water management group currently owned by PAI partners.
- Duke Street goes for a Burton’s
UK buyout firm Duke Street Capital has sealed its latest acquisition in the food sector, buying UK snack-maker Burton’s Foods in a deal thought to be worth more than £200 million.
- Duke Street set to make it second time lucky for Burton’s
Duke Street Capital has edged ahead of other trade and financial buyers as it tries for a second time to buy Burton’s Foods, a snack maker valued at about £200 million.
- Blackstone is sole bidder in United Biscuits auction
Premier Foods, a UK food group, has terminated discussions with United Biscuits in the £1.7 billion auction for the biscuits and snacks maker, leaving Blackstone as the sole remaining interested party.