French buyout house PAI Partners has reportedly offered to inject an additional EUR 135m of equity into troubled building materials company Monier Group (formerly Lafarge Roofing), as part of a revised restructuring plan that would also see lenders take an almost 50% stake in the business through a debt-for-equity swap.
Managing director Craig Ferguson discusses accelerated deployment activity during the pandemic and plans to scale up the PE allocation by 2025
Fund has a target of $600m, which it plans to reach by next year, according to Kommersant
Existing investors including Institut Català de Finances also take part in the financing
Biotech company initially raised €12m in December 2018