• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deal search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
      • Deals search
      • Exits search
      • Funds search
      • Sponsors search
      • Advisers search
      • LPs search
      • League tables
      • Reports
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
UNQUOTE
  • People

PAI's Zinsou to retire; succession plans underway

  • Alice Murray
  • Alice Murray
  • 06 June 2013
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

PAI partners' chief executive Lionel Zinsou is to step down in 2015 as the private equity house draws up its succession plans.

According to two sources close to the firm, current chief investment officer Michel Paris will become chief executive, while Zinsou will join the firm's supervisory board before he retires in 2017. There are also reports that Zinsou could replace PAI's current chairman of the supervisory board Amaury Daniel de Seze, though this matter is still in discussion. 

PAI's bi-laws demand a retirement age of 63. As Zinsou is currently 57, the succession plans show the firm is managing the upcoming changes well in advance.

Zinsou joined PAI in 2008 as chief executive. His arrival sparked internal controversy, resulting in the departure of key partners Bertrand Meunier and Dominique Mégret, which then triggered a key-man clause on its €5.4bn fund closed in May 2008.

Despite internal turmoil at that time, stellar exits since then – and particularly in 2011 – brought about an impressive turnaround for the firm. These include the sale of Kwik-Fit to Japanese trade buyer Itochu for £637m, followed by the divestment of Yoplait, which generated a 10x money return. The buyout house then sold French mortgage insurance services company Compagnie Européenne de Prévoyance to JC Flowers for around €850m to cement its return to success.

On the back of these strong exits, PAI has been on the road for its latest vehicle, which has a €3bn target and is expected to secure roughly €1bn already in the form of a dry close by July.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • People
  • France
  • PAI Partners
  • France

More on People

CapMan Managing Partner Johan Pålsson to depart
CapMan Managing Partner Johan Pålsson to depart

PУЅlsson resigns from management effective immediately; to stay as buyout partner until February 2024

  • People
  • 11 August 2023
​​​​​Capvis grapples with EUR 1bn fundraise amid team exodus
​​​​​Capvis grapples with EUR 1bn fundraise amid team exodus

Five partners for the Swiss-based GP leave firm in last two years; sponsor started sixth buyout fundraise in early 2023

  • People
  • 11 August 2023
Golding adds insurance expertise with hire for institutional clients team
Golding adds insurance expertise with hire for institutional clients team

Tim Ickenroth joins as director with prior experience at BNP Paribas and UniCredit

  • People
  • 11 August 2023
Travers Smith bolsters funds practice with hire from Proskauer
Travers Smith bolsters funds practice with hire from Proskauer

Tosin Adeyeri joins with particular experience in secondary portfolio transactions

  • People
  • 03 August 2023

Latest News

Partners Group to release IMs for Civica sale in mid-September
  • Exits
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
BHM Group builds on PE strategy, eyes European medtech and renewable energy acquisitions
  • Investments
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Czech Republic-headquartered family office is targeting DACH and CEE region deals

  • 01 September 2023
Redalpine expands leadership team amid CHF 1bn-plus fundraise
  • Venture
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

  • 31 August 2023
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds

  • 31 August 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013