CVC Capital, a private equity firm, agreed to acquire M Group Services, a utility contractor company, from PAI Partners, a private equity firm. Financial terms were not disclosed. “We would like to thank PAI Partners for their strong support and commitment to our growth since 2018. We are delighted that CVC has decided to support our clear and ambitious plan to continue to grow and deliver at pace, built on our solid market-leading foundations. We look forward to working in partnership with CVC to deliver our future plans. This is great for our people, our clients and their customers,” Andrew Findlay, M Group Services Chief Executive.