About This Fund
PAI Mid‑Market Fund II is a European buy‑out fund managed by PAI Partners, domiciled in Luxembourg with management operations led from Paris. The fund builds on PAI’s inaugural mid‑market platform and aims to support growth and consolidation in medium‑sized companies across Europe. It focuses on businesses in sectors including business services, consumer & food, industrials, and healthcare, leveraging PAI’s operational expertise in these areas. Target geography includes major European markets such as France, Spain, Italy and Germany. The fund seeks enterprise value targets broadly in the range of €100‑300 million per company, with equity tickets from €70 million and above, depending on deal size and opportunity. It applies a buy‑and‑build or transformational strategy, working closely with management teams to scale operations and possibly expand cross‑border. As a successor fund, MMF II is likely to follow similar fund size, investment pacing, and ESG and operational value‑creation frameworks as the original MMF, while adapting to current market conditions and valuation landscapes.