PAI Partners has held a €500m first close for its PAI Mid-Market Fund, which has a €700m target, according to a source close to the situation.
Gianpiero Lenza, Sébastien Mazella di Bosco, Petter Johnsson and Vincenzo Narciso have left the GP
Trade sale comes five years after Silverfleet acquired the metal finishing business from Equistone
Firms including Coller Capital and Adams Street backed the oversubscribed GP-led deal
Sale ends a six-year holding period for the GP, which acquired the company from Kering via Investindustrial V