PAI Partners has transferred the two remaining assets from its fifth fund to a new vehicle that is roughly €2bn in size, realising liquidity for the firm and some of its LPs.
Founders of the online Alpine tourism platform will continue to hold a stake in the business
Company intends to use the fresh capital to further boost its expansion across Europe and scale up its team
Sale process was initiated by Courtepaille's PE sponsor Intermediate Capital Group, which filed for a receivership procedure in July
Switzerland-headquartered Hermes Capital Group acquired Mattenbach in November 2019