PAI Partners buys EMG Media

French private equity firm PAI Partners is to buy audiovisual services provider Euro Media Group (EMG) in a deal which one source said was worth up to €200m. EMG, which provides television footage for events including the Fifa World Cup and the Winter Olympics, is the second investment by PAI’s new Europe VI fund. PAI has purchased EMG for a multiple of four times its earnings before interest, tax, depreciation and amortisation, the source said.