Deal Roundup: PAI scores 3x return selling M Group: source, HIG sells Acqua & Sapone to TDR

PAI Partners has scored a 3x return selling infrastructure services busines M Group to buyout giant CVC, a source has confirmed to AltAssets. The deal means PAI LPs have receiving about €2.3bn in proceeds over a twelve-month period, thanks also to the sale of ELITech, a life science business, to Bruker Corp. M Group’s total …