PAI Partners has completed a €3.6 billion equity transaction to restructure ownership of Froneri, supported by a subsidiary of the Abu Dhabi Investment Authority, positioning the ice cream leader for future growth.
Information on the Target
Froneri is a prominent global manufacturer specializing in ice cream, recognized for its operational excellence and a diverse portfolio of beloved brands. Established in 2016 through a joint venture between PAI Partners and Nestlé, Froneri has successfully expanded its footprint to 25 countries. Currently, the company generates over €5.5 billion in annual revenue and employs more than 12,000 individuals worldwide.
As a pure-play leader in the ice cream sector, Froneri has demonstrated strong growth and resilience in the snack market, effectively capitalizing on consumer demand for high-quality ice cream products. The company's strategic partnerships and innovative product offerings have enabled it to maintain a competitive advantage across various regions.
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Industry Overview in the Target’s Specific Country
The ice cream industry has witnessed significant growth in Europe, driven by evolving consumer preference for premium and indulgent products. A surge in health-conscious choices has led to increased demand for low-calori
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Disclosed details
Transaction Size: $3,852M
Revenue: $5,821M
Equity Value: $3,852M
Multiples
P/Revenue: 0.7x