GERMANY – DZ Equity Partner acquires a minority stake in PAIDI

DZ Equity Partner GmbH has acquired shares in the PAIDI Group as part of a leveraged buyout. The shares were sold by the previous major shareholder, Welle Holding AG. PAIDI manufactures furniture for babies, children, and adolescents, employs around 500 people, and posted sales of EUR 42m in 2006.