PAI Partners in talks with SOS
PAI Partners could come to the rescue of SOS Corporación Alimentaria by providing the firm with the capital increase it requires to refinance its debt.
The France-based buyout house is interested in the olive oil producer's Italian brands, Bertolli, Carapelli and Sasso.
SOS needs to raise at least €200m of funding in order to be allowed to refinance its €1.04bn of loans.
While PAI Partners is reportedly prepared to offer up to €700m to purchase the desired brands, the shareholders are not willing to exit the business even partially at this stage. They would however welcome the necessary cash boost from either PAI or another investor.
Bermudan conglomerate Bunge and olive oil co-op Hojiblanca are also in negotiations with the food company.
More on Southern Europe
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
EU FSR could impact PE fundraising with potential rise in ‘clean funds’
FSR could lead GPs to create funds without foreign LPs; red tape around sovereign wealth funds likely
Letter from the editor: Unquote is moving to Mergermarket
Unquote Editor Harriet Matthews outlines Unquote.com's upcoming move to the Mergermarket platform and the new capabilities and intelligence that this brings to Unquote readers
GP Profile: Apheon builds on family roots, mulls exits and reinvestment opportunities
Belgian GP, formerly known as Ergon, to continue to target family- and entrepreneur-owned European businesses
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater