COMPANIES Many of the biggest investors in PAI Partners have rejected the French private equity group’s offer to halve their outstanding commitments to its new €5.4bn ($7.9bn) buy-out fund, highlighting their increasingly aggressive stance.
The fate of continental Europe’s biggest private equity group hangs in the balance after a conference call with its biggest investors ended in acrimony on Wednesday. One insider said investors had sent a “shopping list” of demands to PAI.
