PAI lands mid-cap media deal

The latest fund makes its second acquisition but the deal is smaller than usual for the Paris-based buyout firm

PAI Partners has struck the second acquisition from its latest fund, but the deal to buy French company Euro Media Group for "up to" €200 million is smaller than usual for the Paris-based buyout firm.

In a statement on Thursday, PAI said it had agreed to acquire Euro Media from its founders and shareholders, including Belgian private equity investor Sofinim and entertainment company Banijay Holding.

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