GP has sold its stake in France-based manufacturer of custom roller shutters Flip to Stella Group, a manufacturer of grilles and shutters backed by Intermediate Capital Group (ICG).
Fund complements PAI's existing large-cap strategy with the aim of targeting mid-sized companies across Europe
Fund invests in European digital platforms and marketplaces, targeting pre-seed and seed rounds
Management team is led by Chris Shaw who was appointed as chief executive in September 2017
GP intends to boost the company's expansion internationally, primarily in Asia, the Middle East and the US