Buyout house PAI Partners, the owner of Dutch lingerie retailer Hunkemöller since a carve-out in 2011, has sold the business to Carlyle for a 2.3x return after a competitive auction process.
High-net-worth individuals and family offices are hunting for yield, concerned about low interest rates and market volatility
Fund expects to hit its target in the first quarter of 2020 and has already made six investments
Soprome and BTC Capital also back the takeover of the security services company
Perlego offers access to online textbooks for a subscription fee of £12 per month