PAI Partners, a leading private equity firm, has announced its agreement to acquire Alphia Inc., one of North America’s largest pet food co-manufacturers. While the terms of the transaction were not disclosed, this deal marks a significant milestone in the pet food industry. Alphia, headquartered in Denver, is a national leader in pet food manufacturing, […]
Nestlé has reached an agreement with PAI Partners to create a joint venture for the former’s frozen pizza business in Europe with an intent to create a dedicated player in the pizza category. The Swiss food and drink processing conglomerate alongside the private equity firm will hold onto equal non-controlling stakes in the joint venture […]
US-based International Flavors & Fragrances (IFF) has agreed to sell Savory Solutions Group to French private equity firm PAI Partners for an enterprise value of approximately $900 million. International Flavors & Fragrances will use cash proceeds net of taxes and expenses to reduce outstanding debt. The sale of Savory Solutions Group is anticipated to help […]
PETRONAS Chemicals Group (PCG), a Malaysian chemicals producer, has agreed to acquire Perstorp, a specialty chemicals company, from Financière Forêt, a company under PAI Partners, for a price of €2.3 billion. Based in Sweden and established over 140 years ago, Perstorp is a niche specialty chemicals producer. The company focuses on the resins and coatings, […]
PepsiCo has agreed to sell Tropicana, Naked, and certain other juice brands in North America to PAI Partners, a French private equity firm, for around $3.3 billion. The soft drinks giant also has a binding option to divest some juice businesses in Europe as part of the deal, while retaining a non-controlling stake of 39% […]
Swedish private equity company EQT has agreed to sell German technical facility management services provider Apleona Group to French private equity firm PAI Partners for around €1.6 billion. EQT is selling the business through its EQT VII fund. According to the Swedish private equity company, some of the shares in the proceeds will be shared […]
Nestlé has agreed to sell its US ice cream business to Froneri, its ice cream manufacturing joint venture with PAI Partners, for $4 billion, as per the latest food acquisition news. The ice cream business being divested by Nestlé in the US manufactures ice cream brands such as Häagen-Dazs, Outshine, and Drumstick. The Swiss food […]