PAI Partners
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| Private Ownership | |
| Industry | Private Equity |
| Founded | 1998 |
| Headquarters | Paris, France |
| Products | Private equity funds |
| Total assets | €13.1 billion |
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Number of employees
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60 |
| Website | www |
PAI Partners is a major European private equity house and is the leading private equity investor in the French market. 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. The firm 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.
PAI manages €8.3 billion of dedicated buyout funds. Since 1994, PAI has completed 61 LBO transactions in 11 European countries, representing over €41 billion in transaction value. PAI has 60 agents from 10 countries and teams in Paris, London, Luxembourg, Madrid, Milan Munich, and New York City.
PAI's origins date back to Paribas Affaires Industrielles, the historical principal investment activity of Paribas, the pan-European merchant bank which merged with Banque Nationale de Paris in 1999. PAI was originally formed to manage the private equity investments of BNP Paribas. In 1993, Amaury de Sèze 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 €610 million buyout of Danone’s pasta and condiment unit in 1997, at that time the largest leveraged buyout ever completed in France. The following year, the firm finalized fundraising for its first third party investment fund, raising €650 million of investor commitments. PAI completed a full spinout from BNP in 2000 and the following year raised a new €1.8 billion private equity fund.
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.
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