PE Deals

PAI and Nestlé to set up joint venture for frozen pizza in Europe

Nestle is a food and beverage company headquartered in Vevey, Switzerland.

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  • PAI and Nestlé will have equal non-controlling stakes with equal voting rights
  • The new business will be headquartered in Germany
  • PAI Partners is a private equity firm that manages €24.7bn of dedicated buyout funds

Nestlé and PAI Partners, via its PAI Mid-Market Fund (PAI MMF), have agreed to set up a joint venture for Nestlé’s frozen pizza business in Europe.

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