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Private equity investor PAI Partners has acquired M Group Services, the £1bn provider of infrastructure services to regulated sectors in the UK and Ireland.
M Group Services CEO Jim Arnold said: "Following First Reserve's investment in our group we have broadened the markets in which we operate and diversified our service offering.
"As part of this process an opportunity arose for First Reserve to realise the benefits of its investment to date and for us to introduce PAI as a new long-term investor."
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