COMPANIES One of Europe’s biggest private equity groups, PAI Partners, has appointed advisers to renegotiate the debts of two companies it bought in the beleaguered construction and housing sectors at the peak of last year’s credit boom.
While several big private equity firms have been forced to renegotiate debts on at least one recent acquisition, it is a blow for PAI to be attempting two at once. The move has raised the question of whether the double setback could besmirch the Paris-based group’s reputation.
