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PAI Said to Raise $308 Million in Christian Hansen Sale

PAI Partners, the French private- equity firm, raised 1.7 billion kroner ($308 million) selling shares in Christian Hansen Holding A/S, a Danish food- ingredients maker, said a person familiar with the transaction.

The Paris-based buyout firm sold 15 million shares at 115 kroner each, according to the person, who declined to be named as the information is private. Goldman Sachs Group Inc. (GS) and JPMorgan Chase & Co. (JPM) managed the sale.

The stock fell as much as 6.2 percent to 114.40 kroner today in Copenhagen trading.

Vivendi SA raised $427 million this week selling a stake in Activision Blizzard Inc. (ATVI), the world’s largest video-game publisher. Permira Advisers, the London-based private-equity firm, fetched about $415 million selling a stake in German luxury clothier Hugo Boss AG (BOS) this week.

PAI, which paid about 1.1 billion euros for Hansen in 2005, held about 55 percent of Christian Hansen through its vehicle Financiere Star 1 SA before the share sale, according to data compiled by Bloomberg.

To contact the reporters on this story: Adam Haigh in London at ahaigh1@bloomberg.net; Alexis Xydias in London at axydias@bloomberg.net; Zijing Wu in London at zwu17@bloomberg.net

To contact the editor responsible for this story: Jacqueline Simmons at jackiem@bloomberg.net

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