Paternoster unveils £10bn pipeline

Paternoster, the pension fund buyout firm, has revealed it is in negotiations to purchase the schemes of 100 companies representing combined assets of £10bn (€14.9bn), as it completed its ninth deal since winning market authorisation five months ago.

The firm's chief executive Mark Wood said the companies included some who were on the verge of making a decision, and others who had handed over data for evaluation.

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