PAI Partners has unveiled an auction for Compagnie Européenne de Prévoyance (CEP), Financial Times reports. The seller is aiming to obtain €800 million to €1 billion from the sale of French mortgage insurance services company.
The sale and first round of bids is being handled by Rothschild. Several buy-out groups, including Apax Partners, Montagu, Cinven and Charterhouse, may be the other potential bidders for CEP.
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