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Flush With Cash, Europe’s Buyout Firms Join U.S. Dealmaking Boom

  • Private equity signing U.S. deals at fastest pace since crisis
  • Opportunities across Atlantic spur firms to employ more staff
Paris-based PAI Partners paid about $3.3 billion to buy Tropicana and other juice brands from PepsiCo Inc. via a new joint venture with the soft-drinks company.

Paris-based PAI Partners paid about $3.3 billion to buy Tropicana and other juice brands from PepsiCo Inc. via a new joint venture with the soft-drinks company.

Photographer: Tiffany Hagler-Geard/Bloomberg

Europe’s private equity firms are snapping up U.S. companies at the fastest pace since the financial crisis and taking on more staff on the ground as they seek to expand their reach across the Atlantic.

The region’s buyout funds have been involved in more than $83 billion of U.S. deals announced so far this year, buoyed by large acquisitions by Sweden’s EQT AB and France’s PAI Partners among others. That’s helped fuel a hiring spree by those investors and a number of their peers that are chasing post-Covid opportunities beyond their own backyards.