[{"@context":"http:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/wiki.edu.vn\/en\/wiki21\/pai-partners-wikipedia\/#BlogPosting","mainEntityOfPage":"https:\/\/wiki.edu.vn\/en\/wiki21\/pai-partners-wikipedia\/","headline":"PAI Partners – Wikipedia","name":"PAI Partners – Wikipedia","description":"before-content-x4 From Wikipedia, the free encyclopedia after-content-x4 French private equity firm after-content-x4 PAI headquarters in Paris, rue de Rivoli Copyright","datePublished":"2018-01-26","dateModified":"2018-01-26","author":{"@type":"Person","@id":"https:\/\/wiki.edu.vn\/en\/wiki21\/author\/lordneo\/#Person","name":"lordneo","url":"https:\/\/wiki.edu.vn\/en\/wiki21\/author\/lordneo\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/c9645c498c9701c88b89b8537773dd7c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c9645c498c9701c88b89b8537773dd7c?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Enzyklop\u00e4die","logo":{"@type":"ImageObject","@id":"https:\/\/wiki.edu.vn\/wiki4\/wp-content\/uploads\/2023\/08\/download.jpg","url":"https:\/\/wiki.edu.vn\/wiki4\/wp-content\/uploads\/2023\/08\/download.jpg","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/c\/c6\/PAI_headquarters_in_Paris.jpg\/264px-PAI_headquarters_in_Paris.jpg","url":"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/c\/c6\/PAI_headquarters_in_Paris.jpg\/264px-PAI_headquarters_in_Paris.jpg","height":"198","width":"264"},"url":"https:\/\/wiki.edu.vn\/en\/wiki21\/pai-partners-wikipedia\/","wordCount":8955,"articleBody":"     (adsbygoogle = window.adsbygoogle || []).push({});before-content-x4From Wikipedia, the free encyclopedia       (adsbygoogle = window.adsbygoogle || []).push({});after-content-x4French private equity firm         (adsbygoogle = window.adsbygoogle || []).push({});after-content-x4PAI headquarters in Paris, rue de Rivoli Copyright PAI LdBPAI Partners is a French private equity firm based in Paris, France. It is one of the oldest firms in the sector, with its origins dating back to Paribas Affaires Industrielles, the historical principal investment activity of Paribas, which started operations in 1872.PAI manages \u20ac25.4 billion of dedicated buyout funds. Since 1994, PAI has completed 65 LBO transactions in 11 European countries, representing over \u20ac48 billion in transaction value. PAI has 62 agents from 10 countries and teams in Paris, London, Luxembourg, Madrid, Milan, Munich, Stockholm and New York City.Table of Contents       (adsbygoogle = window.adsbygoogle || []).push({});after-content-x4History[edit]Investment funds[edit]Funds[edit]Detailed investments[edit]PAI VI investments[edit]PAI V investments[edit]PAI IV investments[edit]Previous investments[edit]Notes and references[edit]External links[edit]History[edit]PAI was formerly known as Paribas Affaires Industrielles,[2][3] the historical principal investment activity of Paribas. PAI LBO Fund, established in 1998, was the first PAI investment vehicle managing third party capital. Prior to 1998, PAI invested exclusively on the balance sheet of BNP Paribas.Paribas merged with Banque Nationale de Paris in 2000.[4] In 1993, Amaury de S\u00e8ze joined Paribas Affaires Industrielles as chairman and chief executive officer. Under his leadership, PAI developed a strategy in private equity that capitalized on the team’s familiarity with industrial sectors.Paribas Affaires Industrielles led the \u20ac610 million buyout of Danone\u2019s pasta and condiment unit in 1997,[5][6] at that time the largest leveraged buyout ever completed in France.[citation needed] The following year, the firm finalized fundraising for its first third party investment fund, raising \u20ac650 million of investor commitments. PAI completed a full spinout from BNP in 2000 and the following year raised a new \u20ac1.8 billion private equity fund.In September 2009, Lionel Zinsou became CEO and Chairman of the firm.[7][8] In 2015, Michel Paris became CEO after Lionel Zinsou stepped down to become prime minister in Benin.[9][10]In March 2015, PAI raised its fifth LBO fund, PAI Europe VI, reaching \u20ac3.3 billion, above the initial target of \u20ac3 billion.[11] In September 2017, PAI announced the raising of a seventh investment vehicle: PAI Europe VII.[12] In March 2018, PAI closed their PAI Europe VII fund.[13][14]Investment funds[edit]Funds[edit]Prior to 1998, PAI made investments via the Paribas Portfolio. The Paribas Portfolio was funded directly from Paribas\u2019 balance sheet, largely unleveraged and comprising 51 investments, all of which have now been realised. Reflecting the broader investment remit of PAI at the time, it included control and non-control investments. Since 1998, PAI has raised five private equity funds, as detailed below:PAI buyout funds since inceptionFund nameVintageTotal commitmentFocusStatusPAI LBO Fund1998\u20ac650 millionBuyoutLiquidatedPAI Europe III2001\u20ac1.8 billionBuyoutLiquidatedPAI Europe IV2005\u20ac2.7 billionBuyoutExit phasePAI Europe V2008\u20ac2.7 billionBuyoutExit phasePAI Europe VI2015\u20ac3.3 billionBuyoutInvestment phasePAI Europe VII[15]2018\u20ac5.1 billionBuyoutInvestment phaseDetailed investments[edit]Historically, PAI managed Paribas’s stakes in large food and consumer goods companies across Europe: Royal Canin (European leader in dry pet food), Diana Ingredients (natural food ingredients), Evialis (animal feed), Saupiquet (ready meals), LDC (premium poultry), Navidul (cured ham \u2013 Spain), SOS Arana (rice \u2013 Spain) and helped them consolidate their respective sector. In 2021 PAI completed its largest ever investment with the $3.3 billion acquisition of Tropicana, Naked and other North American juice brands from PepsiCo.[16] Previous transactions in consumer goods and services, healthcare as well as general industrial companies are highlighted below:PAI VI investments[edit]PAI V investments[edit]EntryExitCompany NameBusiness descriptionCountryRef.20132017ADB SafegateAirfield ground lightingBelgium[38]20082015AtosIT service providerFrance[39]20102017Cerba European LabSpecialised biology laboratoryFrance[40]2013UnrealisedFroneri (formerly R&R Ice Cream)Take-home ice cream manufacturerUnited Kingdom[41]20112016Hunkem\u00f6llerLingerie retailerThe Netherlands[42]20132017Group IPHIndustrial supplies distributorFrance[43]20112017KiloutouEquipment rental servicesFrance[44]20122019MarcolinEyewear design and manufacturingItaly[45]20112016SwissportGlobal ground and cargo aircraft handling servicesSwitzerland[46]20112014The Nuance GroupTravel retail and duty-free industrySwitzerland[47]20082017XellaAircrete blocksGermany[48]PAI IV investments[edit]Previous investments[edit]Notes and references[edit]^ Funds raised since inception^ “PAI Partners fait \u00e9voluer sa gouvernance – Les Echos”. www.lesechos.fr (in French). 16 January 2017. Retrieved 2018-08-24.^ Arnold, Martin (9 December 2008). “PAI Partners face double deal hit | Financial Times”. Financial Times. Retrieved 24 August 2018.^ “10 largest banks in the world as measure by the total assets”. www.forexnewsnow.com. 5 August 2018. Retrieved 2018-08-23.^ “Notre histoire | Groupe Panzani”. Groupe Panzani (in French). Retrieved 2018-08-23.^ “Danone c\u00e8de son \u00e9picerie et se recentre sur trois p\u00f4les – Les Echos”. www.lesechos.fr (in French). 10 October 1997. Retrieved 2018-08-23.^ Javed, Ayesha (2015-06-19). “PAI Partners Chief To Become Prime Minister of Benin”. WSJ. Retrieved 2018-09-11.^ Michel, Serge (2015-08-07). “Lionel Zinsou: from Paris to Benin with an action plan”. the Guardian. Retrieved 2018-09-11.^ “Le banquier Lionel Zinsou devient premier ministre du B\u00e9nin”. Le Monde.fr (in French). 19 June 2015. Retrieved 2018-08-24.^ “Michel Paris devient seul ma\u00eetre \u00e0 bord de PAI – Les Echos”. www.lesechos.fr (in French). 21 June 2015. Retrieved 2018-08-24.^ “Hard cap \u00e0 3,3 Md\u20ac pour PAI Partners – Private Equity Magazine”. www.pemagazine.fr.^ “Closing final \u00e0 4 Md\u20ac en vue pour PAI Partners”. Capital Finance (in French). 2017-10-11. Retrieved 2022-11-27.^ Jacobius, Arleen (2018-03-30). “PAI Partners closes latest fund at \u20ac5 billion”. Pensions & Investments. Retrieved 2018-09-11.^ staff, PEN. “PAI’s Latest Fundraising Effort Closes at \u20ac5 Billion Hard Cap”. Retrieved 2018-09-11.^ “PAI Partners closes latest fund at \u20ac5 billion”. Pensions & Investments. March 30, 2018.^ “PepsiCo to sell Tropicana and other juice brands for $3.3 billion”. CNBC. 3 August 2021. Retrieved 9 December 2021.^ https:\/\/www.asadventure.fr A.S. Adventure^ Reuters Editorial. “Private equity firm PAI buys AS Adventure for 400 million euros”. U.K. Retrieved 2018-01-25. ^ https:\/\/www.atosmedical.com\/ Atos Medical^ Figari, Luciano (2016-05-31). “EQT exits Atos Medical to PAI Partners – Real Deals”. Real Deals. Retrieved 2018-01-25.^ http:\/\/www.hotel-bb.com\/en\/home.htm B&B Hotels^ “BRIEF-PAI Partners enters exclusive negotiations to buy B&B Hotels”. Reuters. 2015-12-15. Retrieved 2018-01-25.^ https:\/\/www.fnlondon.com\/articles\/cvc-agrees-to-split-cortefiel-with-pai-and-permira-20050722%7Ctitle=CVC agrees to split Cortefiel with PAI and Permira|last=Dewson|first=Andrew|accessdate=2018-01-25^ a b Dewson, Andrew. “CVC agrees to split Cortefiel with PAI and Permira”. Retrieved 2018-01-25.^ https:\/\/www.domusvi.com\/ DomusVi^ Figari, Luciano (2017-06-08). “PAI Partners to sell DomusVi stake to ICG – Real Deals”. Real Deals. Retrieved 2018-01-23.^ Langworth, Hannah (2017-05-12). “PAI acquires diagnostics business Elitech from Ergon – Real Deals”. Real Deals. Retrieved 2018-01-25.^ Langworth, Hannah (2017-05-12). “PAI acquires diagnostics business Elitech from Ergon – Real Deals”. Real Deals. Retrieved 2018-01-25.^ “Ethypharm Buying Martindale Pharma”. Genetic Engineering & Biotechnology News. 2017-01-19. Retrieved 2021-09-30.^ “PAI to buy drugmaker Ethypharm from Astorg for about $855 million: sou”. Reuters. 2016-05-06. Retrieved 2018-01-25.^ “France’s PAI Partners to buy Euro Media Group”. Reuters. 2014-04-24. Retrieved 2018-01-25.^ “The Carlyle Group and PAI Partners Enter into Exclusive Discussions with Schneider Electric for the Acquisition of a Majority Stake in Custom Sensors & Technologies, a Specialist in Designing and Manufacturing Sensing, Control and Motion Products | The Carlyle Group”. www.carlyle.com. Retrieved 2018-01-25.^ Riordan, Darragh (2017-12-14). “Carlyle, PAI sell Crouzet to LBO France – Real Deals”. Real Deals. Retrieved 2018-01-25.^ “PAI Partners acquires a 40% stake in Grupo Konecta – Nearshore Americas”. Nearshore Americas. 2015-10-06. Retrieved 2018-01-25.^ Bray, Chad. “PAI Partners Plans Joint Venture to Control Labeyrie Fine Foods”. DealBook. Retrieved 2018-01-25.^ Bobeldijk, Yolanda. “PAI Partners buys Dutch holiday park business”. Retrieved 2018-01-25.^ “PAI Partners acquires VPS Holdings from TDR Capital – PE Hub”. PE Hub. 2014-06-25. Retrieved 2018-01-25.^ Riordan, Darragh (2017-07-17). “PAI Partners sells ADB Safegate to Carlyle – Real Deals”. Real Deals. Retrieved 2018-01-25.^ “Private equity firm PAI sells out of”. Reuters. 2015-02-25. Retrieved 2018-01-25.^ Espinoza, Javier (2017-01-22). “Cerba Healthcare sold to Partners Group and PSP Investments”. Financial Times. Retrieved 2018-01-25.^ “Nestl\u00e9 and R&R to create Froneri, an ice cream and frozen food joint venture”. www.nestle.com. Retrieved 2018-01-25.^ “Carlyle’s Hunkem\u00f6ller acquisition approved”. RetailDetail. 2016-02-08. Retrieved 2018-01-25.^ White, Lucy (2017-06-12). “Advent wraps up IPH deal to create \u20ac2.1bn industrials business”. Retrieved 2018-01-25.^ “Kiloutou sold by PAI Partners – XPERTS COUNCIL”. XPERTS COUNCIL (in French). 2017-12-07. Archived from the original on 2018-01-26. Retrieved 2018-01-25.^ “Italian eyewear maker Marcolin sold to private equity”. Reuters. 2012-10-15. Retrieved 2018-01-25.^ Bray, Chad (2015-07-30). “PAI Partners to Sell Swissport International for $2.8 Billion”. The New York Times. ISSN\u00a00362-4331. Retrieved 2018-01-25.^ “Dufry buys Nuances’s duty free shops for 1.55 billion Swiss francs”. bebeez.it. 5 June 2014. Retrieved 2018-01-25.^ “PAI Partners and Goldman sell Xella to buyout group Lone Star”. Reuters. 2016-12-01. Retrieved 2018-01-25.^ “PAI Partners sell 25.7 pct of Chr Hansen to Novo A\/S”. Reuters. 2012-01-11. Retrieved 2018-01-25.^ “PAI uncorks sale of French bottle-top maker Global Closure Systems – s”. Reuters. 2015-10-28. Retrieved 2018-01-25.^ “Kaufman & Broad: Un fonds de PAI Partners c\u00e8de 17% du capital”. Challenges (in French). Retrieved 2018-01-25.^ Reuters Editorial. “Itochu says to buy Kwik Fit for \u00a3637 million”. U.K. Retrieved 2018-01-25. ^ “PAI takes hit as lenders wrestle control of Monier”. Reuters. 2009-07-06. Retrieved 2018-01-25.^ Chimie, Info (24 October 2005). “Perstorp tombe dans le giron du Fran\u00e7ais PAI Partners – Info Chimie”. www.industrie.com. Retrieved 2018-01-25.^ Cauchi, Marietta. “PAI Partners sells Spie for $2.1 billion”. MarketWatch. Retrieved 2018-01-25.^ “Blackstone and PAI Partners agree sale of United Biscuits to Yildiz Holding – FoodBev Media”. www.foodbev.com. Retrieved 2018-01-25.External links[edit]       (adsbygoogle = window.adsbygoogle || []).push({});after-content-x4"},{"@context":"http:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https:\/\/wiki.edu.vn\/en\/wiki21\/#breadcrumbitem","name":"Enzyklop\u00e4die"}},{"@type":"ListItem","position":2,"item":{"@id":"https:\/\/wiki.edu.vn\/en\/wiki21\/pai-partners-wikipedia\/#breadcrumbitem","name":"PAI Partners – Wikipedia"}}]}]