PAI partners has acquired a stake in Labeyrie Fine Foods from LBO France, with the aim of becoming an equal shareholder in the business alongside French food cooperative Lur Berri.
The transaction is valued in the region of €500m, according to French daily Les Echos – equivalent to 8.2x EBITDA. Following the transaction, the capital structure of Labeyrie is expected to eventually...
Double closings are first vehicles raised by fund-of-funds since 2013
Paladin also participated in the round to support the company’s US expansion
Exit is first for GP’s second fund and comes eight years after investing in PDP
Deal sees firm reap combined €96.3m in proceeds and 1.3x exit multiple