Screening Investment Memo
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PAI PARTNERS CLOSES PAI EUROPE VI AT €3.3 BILLION, IN EXCESS OF €3.0 BILLION HARD CAP Paris, 13 March 2015 – The Executive Committee of PAI Partners (“PAI”), a leading European private equity firm headquartered in Paris, today announces the successful final closing of its latest fund, PAI Europe VI (“Fund VI” or “the Fund”), at €3.3 billion (including GP commitment), above the hard cap of €3.0 billion which was raised to meet demand from investors. PAI has a long and successful track record of investing in market-leading European companies with a focus on companies headquartered in Continental Europe. With PAI Europe VI, it continues a tradition of long-term business-building across its five key sectors: Business Services, Food & Consumer Goods, General Industrials, Healthcare and Retail & Distribution. PAI has already announced six investments for the Fund: Custom Sensors & Technologies, Euro Media Group, DomusVi, Labeyrie Fine Foods, VPS and AS Adventure. PAI Europe VI is backed by a diverse and global investor base, including public and private pension funds, sovereign wealth funds, insurance companies and high net worth individuals with approximately 60% of commitments coming from Europe, 20% from North America, 15% from Asia and 5% from the Middle East and Latin America. Existing institutional investors have increased their allocation to the Fund by an average of 30% compared to PAI Europe V. Michel Paris, Partner and Chief Investment Officer at PAI, said: “We would like to thank investors for their support and trust in PAI. Fund VI will build on PAI’s long-standing and unique position in Continental Europe and the team is very focused on continuing to find investments with real potential for transformation and growth. The pipeline of investment opportunities is particularly rich at the moment reflected in Fund VI’s first deals and we are confident that we can continue to deliver outperformance to investors in the current climate.” Richard Howell, Partner and Head of the Investor Team at PAI, added: “The European opportunity is stronger than ever and the strong support of investors for PAI Europe VI recognises this. PAI is seen as a firm of choice in Continental Europe and we are grateful to all investors, existing and new, for their commitment and backing.” For further information, please contact: UK/Global Greenbrook Communications Andrew Honnor /Matthieu Roussellier +44 (0) 207 952 2000 France DGM Conseil Michel Calzaroni / Oliver Labesse / Hugues Schmitt +33 (0) 1 40 70 11 89 About PAI Partners PAI is a leading European private equity firm with offices in Paris, London, Luxembourg, Madrid, Milan, Munich and Stockholm. PAI has €7.5 billion of assets under management. Since 1994, PAI has completed 56 LBO transactions in 10 European countries, for a value of €38.8 billion. PAI is characterised by its industrial approach to ownership combined with its sector based organisation. PAI provides portfolio companies with the financial and strategic support required to pursue their development and enhance strategic value creation. For further information about PAI: www.paipartners.com 1 .