French buyout firm PAI Partners has built a 17.9% stake in Atos Origin a year after it failed to acquire the entire IT services group, which has been under pressure from activist hedge fund shareholders to revise its business strategy.
PAI acquired its shares on the market yesterday for an undisclosed amount. PAI also paid an additional â¬195m ($304m) for 5 million shares at â¬39 each, following an accelerated deal arranged by brokers Exane BNP Paribas after trading closed yesterday.
