PAI Partners is among a number of suitors that have submitted proposals to acquire Exova, the UK-listed laboratory testing company backed by Clayton Dubilier & Rice (CD&R).
Fund has made four platform investments and backs European digital and technology-based companies
Toni Gillespie joins as chief of talent, while Elisabetta Ricci joins as chief of staff
GP backed the business – then called Ryds Bilglas – via Nordic Capital VIII in 2018
Auction of the Italian producer of natural flavours and ingredients is expected to launch in early 2022