Two new partners for P.A.I.

P.A.I. Management, the European private equity firm with a strong presence in France, has expanded its investment team to 36.

European private equity firm P.A.I. Management has appointed Ziad Sarkis and Frédéric Stévenin as partners, to be based in its London office.

Sarkis, 33, joins the firm following the sale of the Mitchell Madison Group, the $250m strategy consultancy which he co-founded in 1994. Sarkis, who was also a partner in A.T. Kearney, graduated from Oxford University with a doctorate in Economics.

Frédéric Stévenin, 35, joins the firm from Deutsche Bank/Bankers Trust where he was managing director in charge of Southern Europe for the firm’s leverage finance franchise. There he helped arrange European leverage transactions, including United Biscuits, McKechnie, Antargaz and Eubisco. Stévenin, who also worked at Banque Paribas, studied at French business school Ecole Supérieure de Commerce de Paris.

P.A.I. management manages major buyout funds as well as BNP-Paribas’ E4.2b portfolio. It recently led several major French LBOs such as Danone Dry Grocery, Antargaz, Beaufour-Ipsen, Frans Bonhomme, Sanofi Santé Animale and Michel Thierry. Recent transactions in the UK have included the buyout of United Biscuits in April 2000.