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PRINT THIS PAGE PAI establishes business to focus on minority stakes in listed companies23/07/2008. Source: AltAssets. 
European private equity firm PAI partners has established independent investment firm Akkadia, with Philippe Guez. The new firm will manage and advise funds dedicated to the acquisition of minority stakes in listed mid-cap companies. As a long-term shareholder, Akkadia will work with management teams on the implementation of value enhancing catalysts. Akkadia is expected to raise third-party capital at a later stage.
Previously, Guez was at Deutsche Bank, where he held positions including head of global investment banking in France and head of equities in France and Italy. Prior to that, he was equity analyst and head of equity sales at Warburg.
Dominique Mégret, chairman and CEO, PAI, said, 'We have known Philippe for a long time. Philippe has an outstanding knowledge of the stock markets and is renowned for the acuteness of its market analysis. We are delighted to support this new venture; we like the concept and very much believe it is a good market timing to start this activity.'
Guez added, 'I am delighted to partner with such a valuable investment firm as PAI in the creation of Akkadia. Over the past years, PAI has demonstrated a sound investment experience through an impressive track record. PAI's success lies on high-quality professionals as well as a unique industrial approach. I believe that bringing together these skills to the equity market intelligence of Akkadia's team shall yield a competitive advantage to Akkadia.'
PAI has offices in Paris, London, Madrid, Milan, Munich and Luxembourg. The firm manages and advises buy-out funds with an aggregate equity value of approximately €11bn.
Copyright © 2008 AltAssets
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