PAI partners has sold its 50% stake in French yoghurt maker Yoplait to General Mills, in a deal that values the company at €1.6bn. The French private equity firm should reap a little over €800m for its stake.
Company intends to boost its production capability, bolster its international expansion and pursue a buy-and-build strategy
Accommodation booking site raised €21m from HV Holtzbrinck, Lakestar and Picus Capital in February
British Patient Capital commits $35m, while the European Investment Fund also contributes
Sale ends a holding period of almost four years, during which the company made seven bolt-ons