PAI Partners has raised about €3.25bn to return to its investors so far this year, after selling shares in Chr. Hansen, the Danish food ingredients company it listed in 2010, according to a source close to the matter.

Financière Star 1, which is fully owned by funds managed and advised by PAI Partners, sold 15 million, or 11% of the Danish company's shares for Dkr 115 per share in an accelerated bookbuild run by Goldman Sachs, JP Morgan and Carnegie Bank. The share sale proceeds amounted to Dkr 1.725bn.