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February 15, 2008

Paine Acquires Germany’s Stabilus

Paine and Partners, a middle-market American buyout firm, agreed on Thursday to acquire German gassprings maker Stabilus from Montagu Private Equity, a European buyout firm, for an undisclosed amount. Financial News reported Friday that Paine will pay between 550 million euros and 580 million euros ($806 million to $850 million).

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