PE-owned Eurodrip appoints new CEO

Eurodrip, which is owned by Paine & Partners, has named Peter Berweger as CEO. The appointment becomes effective August 1. Berweger is succeeding Mihalis Panagis, whose resignation is effective immediately. Eurodrip is a global manufacturer and supplier of drip irrigation solutions.


Paine & Partners raises $893 mln for fourth fund

Paine & Partners has closed its oversubscribed fourth fund at $893 million. The LPs were not named although according to the firm, they include endowments and family offices and hail from new regions that include the Middle East. The pool will focus on the food and agribusiness sector.


Verdesian buys PE-backed QC

Verdesian Life Sciences said Tuesday that it has bought QC Corp, which is backed by Paine & Partners. No financial terms were disclosed. Headquartered in Baltimore, QC is a provider of granular and dry micronutrients and ferrous sulfate products.

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Paine & Partners invests in QC

Private equity firm Paine & Partners has made an undisclosed investment in QC Corp. Also, Don Gordon has been named chairman of QC Corp while his son Jason has become CEO. QC Corp. is a provider of granular and dry micronutrients and ferrous sulfate products.


Specialty Waste Operating Partners acquires Susquehanna Services

Susquehanna Services of Swoyersville, PA has been acquired by Specialty Waste Operating Partners, a private investment group. SWOP is backed by private equity investment firms including Paine & Partners and Tinicum Incorporated. Sperry, Mitchell & Company, Inc initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Susquehanna.

Verdesian Life Buys Plant Syence

Verdesian Life Sciences, which is backed by Paine & Partners, has acquired all of the assets of Plant Syence Ltd and its affiliates. Financial terms weren’t announced. Plant Syence, of the U.K., supplies plant nutritional solutions to the agriculture and horticulture markets.

Verdesian Buys Northwest Agricultural Products

Verdesian Life Sciences, which is backed by Paine & Partners, has acquired Northwest Agricultural Products. Financial terms weren’t announced. Pasco, Wa.-based Northwest Agricultural provides specialty agricultural products.

Humphreys Joins Icicle Seafoods as President, CEO

Icicle Seafoods has named Amy Humphreys to the position of President and Chief Executive Officer, effective immediately. Humphreys succeeds Dennis Guhlke, who has resigned. Humphreys previously served as President of Delta Western.

Paine & Partners Completes Eurodrip Acquisition

Paine & Partners, a global private equity investment firm focused on investing in food and agribusiness has completed the acquisition of majority ownership of Eurodrip, a global manufacturer and supplier of drip irrigation solutions. As part of the investment, which was previously announced in October 2012, P&P Water Holdings purchased all of the shares of Eurodrip held by Aquanova International Holdings, a company controlled by Global Capital Investors II, a private equity fund advised exclusively by Global Finance, as well as Bellaria Holding Ltd, which together represent approximately 67.5 percent of the company’s outstanding shares.

Paine Buys Biagro Western Sales

Paine & Partners unveiled an investment platform called Verdesian Life Sciences that will invest in plant health and nutrition. Verdesian also acquired Biagro Western Sales. Financial terms weren’t announced. Visalia, Calif.-based Biagro provides plant nutrition products. PRESS RELEASE Paine & Partners, LLC (“Paine & Partners”), a global private equity investment firm, today announced the establishment […]

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