PAI Partners

Better Choice Company Initiates Legal Action Against Alphia, a Portfolio Company of Private Equity Firm PAI

Retrieved on: 
Tuesday, March 26, 2024
Pet, Circuit court, Sale, Court of cassation, PAI Partners

NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, initiated a legal action to enforce a right of first refusal (“ROFR”) option exercised by Alphia, Inc. (“Alphia”) BL4424547, which is controlled by a Paris-based private equity firm, PAI Partners ( https://www.paipartners.com ).

Key Points: 
  • NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, initiated a legal action to enforce a right of first refusal (“ROFR”) option exercised by Alphia, Inc. (“Alphia”) BL4424547, which is controlled by a Paris-based private equity firm, PAI Partners ( https://www.paipartners.com ).
  • Pursuant to the terms of a written agreement between Alphia and the Company, Alphia is obligated to acquire the assets of Halo, Purely for Pets, Inc., a wholly owned subsidiary of Better Choice.
  • Better Choice seeks to compel the closing of the asset sale and, in the alternative, monetary damages in excess of $19 million caused by Alphia for its misconduct in connection with the ROFR.
  • The claim has been filed in the Circuit Court of the 13th Judicial Circuit in and for Hillsborough County, Florida.

Bruker Announces Share Purchase Agreement to Acquire Molecular Diagnostics Innovator ELITechGroup

Retrieved on: 
Wednesday, February 28, 2024
Medical Devices, Health, Other Science, Research, Science, Biotechnology, Acquisition, Hospital, Infection, Cystic fibrosis, Microbiology, MALDI, Mycobacterium, MDX, Fungal infection, PAI Partners, PAI, COVID, BRKR, Tuberculosis, Hand, Corporation, PCR, HIV, IVD, Partnership

This put option has now been exercised, and the parties have entered into a binding share purchase agreement.

Key Points: 
  • This put option has now been exercised, and the parties have entered into a binding share purchase agreement.
  • ELITechGroup, with over 500 employees and over 40 active patents, develops and commercializes innovative, proprietary molecular diagnostic (MDx) systems and assays, as well as niche biomedical systems and microbiology products.
  • Establishing this unique business within Bruker - a well-respected global life-science tools and specialty diagnostics company - provides an exciting opportunity to further grow our molecular diagnostics, microbiology and biomedical systems portfolios.
  • Upon closing, ELITech is expected to be a stand-alone business within Bruker’s Microbiology and Infection Diagnostics division, as a part of the Bruker CALID Group.

UNITE HERE Local 11: First LAX Strikes in 20 Years Pose Potential Fiduciary Risk for Public Pension Funds

Retrieved on: 
Wednesday, December 13, 2023
Professional Services, Transportation, State, Local, Commercial Building & Real Estate, Construction & Property, Travel, Labor, Air, Transport, REIT, Finance, Public Policy, Government, CalPERS, Policy, Investment, Labour, LAX, Coffee, WSIB, PAI Partners, Airport, University, Hatred, Housing, Dunkin, Biophysical environment, UNITE, California Pizza Kitchen, PAI, Los Angeles International Airport, Area, Restaurant, ESG

“My coworkers and I are on strike because our futures depend on us fighting for what we deserve,” said Joshawa Nichols, fast food attendant at Areas.

Key Points: 
  • “My coworkers and I are on strike because our futures depend on us fighting for what we deserve,” said Joshawa Nichols, fast food attendant at Areas.
  • Workers went to Olympia to testify about the ongoing strikes and the potential fiduciary risks they pose for the boards’ beneficiaries.
  • UNITE HERE Local 11 members have testified at numerous pension fund board meetings over the past eight months.
  • On November 13, California Public Employees’ Retirement System (CalPERS) was the first fund to pass a comprehensive Labor Principles policy.

ICR Hosts PAI’s Maud Brown on the Welcome to the Arena Podcast

Retrieved on: 
Friday, October 20, 2023
Professional Services, Marketing, Advertising, Communications, Consulting, Public Relations, Investor Relations, ICR, Google Podcasts, PAI Partners, Partner, CFOS, PAI, Apple Podcasts, Spotify

ICR , a leading strategic communications and advisory firm, is pleased to announce that Maud Brown, a Partner and Head of the US Team at PAI Partners , a pre-eminent private equity firm, recently appeared on Episode 97 of ICR’s “Welcome to the Arena” podcast.

Key Points: 
  • ICR , a leading strategic communications and advisory firm, is pleased to announce that Maud Brown, a Partner and Head of the US Team at PAI Partners , a pre-eminent private equity firm, recently appeared on Episode 97 of ICR’s “Welcome to the Arena” podcast.
  • Welcome to the Arena is hosted by Tom Ryan, Co-Founder & CEO of ICR.
  • Tom spoke with Maud about her career as a professional investor, what drew her to PAI, recent deals, sectors of interest, and more.
  • The Welcome to the Arena podcast has featured discussions with CEOs, CFOs, financial analysts, members of the media, investment bankers, private equity executives and others who influence and create value for public and private-equity backed companies.

PAI Partners to Acquire Alphia from J.H. Whitney

Retrieved on: 
Thursday, August 24, 2023
Retail, Consumer, Manufacturing, Specialty, Pets, Other Manufacturing, Food, Beverage, LLP, Partnership, Senior, Parent, Food safety, Multimedia, Goldman Sachs, PAI Partners, Partner, Investment, PAI, Growth, Gibson Dunn, R, Transport, Completion, Weil, Gotshal & Manges, Bank, Bottled water, Veracity, Royal Canin, Alphia Possamai-Inesedy

PAI Partners (“PAI”), a pre-eminent private equity firm, today announces that it has agreed to acquire Alphia, Inc. (“Alphia”), one of the largest pet food co-manufacturers in North America, from J.H.

Key Points: 
  • PAI Partners (“PAI”), a pre-eminent private equity firm, today announces that it has agreed to acquire Alphia, Inc. (“Alphia”), one of the largest pet food co-manufacturers in North America, from J.H.
  • With the support of PAI, Alphia will seek to accelerate further North American growth, both organically and through acquisitions.
  • Whitney, during which time we created Alphia, one of the leading pet food co-manufacturing platforms in the world.
  • Whitney and Alphia, and Weil, Gotshal & Manges LLP served as legal counsel to PAI.

Lazard Ltd Reports Second-Quarter and First-Half 2023 Results

Retrieved on: 
Thursday, July 27, 2023
Asset Management, Professional Services, Finance, Hydrogen, Allen & Overy, Shearman & Sterling, Asset management, Xylem, Ocean governance, EDF, Travel, Service provider, Bed Bath & Beyond, Medicine, Share repurchase, Tax, Borealis, GAAP, Technicolor Creative Studios, Sale, Lone Star, AUM, Endo International, Madison Dearborn Partners, Acquisition, PAI Partners, Lazard, SVB, Venator, Oak Street Health, Marshal of France, CVS Health, Insight, Silicon, Conference, Shearman, National CineMedia, Beauty salon, Financial services, Video game, Pharmaceutical industry, Security (finance), Cryptocurrency, Insurance, NIPSCO, Newcrest Mining, David Heska Wanbli Weiden, Naftogaz

For the second quarter of 2023, Financial Advisory operating revenue was $344 million, 15% lower than the second quarter of 2022.

Key Points: 
  • For the second quarter of 2023, Financial Advisory operating revenue was $344 million, 15% lower than the second quarter of 2022.
  • For a list of publicly announced Financial Advisory transactions on which Lazard advised in the second quarter of 2023, or continued to advise or completed since June 30, 2023, please visit our website at www.lazard.com/financial-advisory/transactions/ .
  • AUM as of June 30, 2023, was $239 billion, 3% higher than March 31, 2023, and 10% higher than June 30, 2022.
  • ET on July 27, 2023, to discuss the company’s financial results for the second quarter of 2023 and first half of 2023.

Global Board Games Market Share, Size, Trends, & Forecast Report 2023-2032 Featuring Hasbro, Mattel, WinGo, Facade Games, LUDFACT, Masters Games, Kickstarter, Goliath, Ravensburger, & PAI

Retrieved on: 
Saturday, July 1, 2023
Online, Well, Learning, World Masters Games, Adventure, Ravensburger, Digital, RPG, Internet, NSF, Research, Hasbro, Mansions of Madness, App Store (iOS/iPadOS), Wingo, Kickstarter, PAI Partners, Application, Growth, Buffalo Games, Character, Television, Video game, Goliath, Madness, Mattel

With the widespread use of the internet, board games go digital, expanding reach and providing new experiences.

Key Points: 
  • With the widespread use of the internet, board games go digital, expanding reach and providing new experiences.
  • The internet revolutionizes the board game market, allowing people to research, purchase, and play board games online.
  • Licensing agreements with well-known film and television brands bring popular story arcs and character updates to board games.
  • The global players include Hasbro, Buffalo Games, Mattel, WinGo, Facade Games, NSF Board Games, LUDFACT, Masters Games, Kickstarter, Goliath, Ravensburger, Grand Prix International & PAI Partners.

IFF Completed Divestiture of Savory Solutions Business

Retrieved on: 
Wednesday, May 31, 2023
Retail, Other Consumer, Consumer, Home Goods, Specialty, Food, Beverage, Taste, Heart, Registered trademark symbol, All rights reserved, Sale, Science, Creativity, PAI Partners, PAI, Health, International Flavors & Fragrances, NYSE, Perfume, IFF

IFF (NYSE:IFF) today announced that it has successfully completed the previously announced divestiture of its Savory Solutions business unit to PAI Partners (PAI), a leading global private equity firm with a strong focus on the food and consumer industry.

Key Points: 
  • IFF (NYSE:IFF) today announced that it has successfully completed the previously announced divestiture of its Savory Solutions business unit to PAI Partners (PAI), a leading global private equity firm with a strong focus on the food and consumer industry.
  • Under PAI ownership, Savory Solutions Group has been rebranded to NovaTaste, a global leader in taste innovation with headquarters in Salzburg, Austria.
  • “The sale of IFF’s Savory Solutions Group represents our continued efforts to optimize our portfolio as we focus on core businesses and strengthen our capital structure,” said Frank Clyburn, IFF CEO.
  • We’re grateful to our Savory Solutions colleagues, who have demonstrated their commitment to innovation, service and quality.

Häagen-Dazs® Launches New Breakthrough Innovation; The Butter Cookie Cone

Retrieved on: 
Wednesday, February 1, 2023
Cream, Rainforest Alliance, PAI Partners, Vanilla, Espresso, Farmer, Froneri, Butter, Climate change, Butter cookie, Music, Flour, Sorbet, Dreyer's, Chocolate, Reel, Milk, Ice cream, Sensation, Attitude, Creativity, Social media, Personality, Aroma compound, Baking, Dairy, Coffee

OAKLAND, Calif., Feb. 1, 2023 /PRNewswire/ -- Today Häagen-Dazs® ice cream announces its newest innovation entering the U.S. market, the Butter Cookie Cone, as the brand looks to offer a new experience to the growing consumer demand for premium snacking. It delivers on a one-of-a-kind dessert experience wrapping its famously luxurious ice cream in butter cookie from top to bottom.

Key Points: 
  • The Butter Cookie Cone is a first-to-market frozen treat from Häagen-Dazs® that is wrapped in unexpected moments of luxury.
  • This is an original tasting sensation made of a thick, crunchy butter cookie rolled into a cone for the first time in brand history.
  • It possesses all the characteristics of a traditional butter cookie made with butter, sugar and flour, but with more personality, style and attitude.
  • The Butter Cookie is available in packaged, (4ct) boxes and has four debut flavors:
    Vanilla Butter Cookie Cone - Madagascar Vanilla ice cream topped with rich caramel sauce, chocolate curls and cookie pieces
    Strawberry Butter Cookie Cone - Strawberry ice cream topped with white chocolate curls, a tangy raspberry sauce and cookie pieces
    Chocolate Butter Cookie Cone - Milk Chocolate ice cream topped with chocolate fudge sauce, chocolate curls and cookie pieces
    Coffee Butter Cookie Cone - Coffee ice cream topped with espresso fudge sauce, roasted almonds and cookie pieces
    There are several sustainable aspects of the Butter Cookie Cone.

Blue Owl Capital Inc. Announces $12.9 Billion Final Close for Dyal Capital Partners V

Retrieved on: 
Wednesday, January 11, 2023
KPS Capital Partners, CVC Capital Partners, PAI Partners, ESG, MBK Partners, Geography, I Squared Capital, Free Enterprise Fund v. Public Company Accounting Oversight Board, NYSE, Entrepreneurship, Investment, Capital, Senior, Data science, GP, Financial services

NEW YORK, Jan. 11, 2023 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL) today announced the final closing of Dyal Capital Partners V ("Fund V") with $12.9 billion of committed capital. Fund V closed on December 30 and was almost $4.0 billion larger than the team's previous fund, Dyal Capital Partners IV.

Key Points: 
  • NEW YORK, Jan. 11, 2023 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL) today announced the final closing of Dyal Capital Partners V ("Fund V") with $12.9 billion of committed capital.
  • Fund V closed on December 30 and was almost $4.0 billion larger than the team's previous fund, Dyal Capital Partners IV.
  • Blue Owl's GP Capital Solutions division has minority partnerships in over 55 firms and $47.8 billion under management as of September 30, 2022.
  • Capital, I Squared Capital, KPS Capital Partners, Lead Edge Capital, MBK Partners and PAI Partners.