OC&C advises PAI Partners and Froneri with commercial vendor due diligence in their reinvestment transaction

We are pleased to have supported PAI Partners and Froneri on their recent reinvestment transaction. Our commercial vendor due diligence work supported PAI’s €3.6 billion equity transaction to reinvest in Froneri, which included a significant minority co-investment from the Abu Dhabi Investment Authority (ADIA) as well as a new continuation vehicle led by Goldman Sachs Alternatives.

Froneri is a global leader in the ice-cream category, established in 2016 as a joint venture between PAI Partners and Nestlé. The Group operates a portfolio of leading brands across more than 25 markets, underpinned by strong innovation capabilities and manufacturing excellence. Froneri’s portfolio generates annual revenues in excess of €5.5 billion. As Froneri embarks on its next phase of ownership, we look forward to seeing the business continue to build on its global category leadership and deliver sustained growth across new premium snacking verticals.

We are proud to have provided strategic support in this transaction, leveraging our extensive expertise across the food and snacking sector to facilitate a successful outcome.

About OC&C & Private Equity

We’re a leading global strategy consultancy with deep expertise across consumer and retail sectors, partnering with both multinational leaders and high-growth challengers. In private equity and M&A, we have advised on more than 500 transactions globally over the past five years, spanning both buy-side and sell-side mandates.

How we can help:

• We provide commercial due diligence and vendor due diligence for transactions.
• We assist investors with accelerating or improving portfolio performance.
• We help investors identify potential investment themes or assets to target.
• We translate investment theses into actionable three- to five-year value-creation plans.

For more details on our experience in this space, get in touch with our experts or email [email protected]