PAI Partners, a European private equity firm, completed the acquisition of Pasubio, a specialised provider of premium leather for the automotive industry, from CVC Capital Partners, an asset manager, for $700m. “The company has a fantastic reputation in its field and is a key European player with significant global potential. We look forward to partnering with the Pretto family to support their exciting growth plans and further strengthen Pasubio’s leading position in the high-quality automotive leather market,” Simone Cavalieri, PAI Partners Partner and Head of Italy.