Tuesday, 31 March 2015
Last updated 8 min ago
May 7 2008 | 12:13pm ET
Private equity firm PAI Partners has closed its PAI Europe V at €5.4 billion ($8.5 billion).
The fund received commitments from some 130 investors from 23 different countries, with 63% of funds coming from Europe, 26% from North America and 11% from Asia and the Middle East.
PAI Europe V will continue PAI’s strategy of acquiring businesses in the services, capital goods and consumer goods sectors with €500 million (US$776 million) to several billion euros in enterprise value in Europe.
Dominique Mégret, chairman and chief executive officer of PAI, said the firm will continue to invest in companies that are “clear leaders in their markets with a view to creating strategic value and delivering strong returns to our investors.”
PAI manages and advises dedicated buyout funds with an aggregate equity value of over €11 billion (US$17 billion) and has offices in Paris, London, Madrid, Milan, Munich and Luxembourg.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…