Paine & Partners ends deal to sell Icicle to Convergence, Dominion

By Luisa Beltran — 3 months ago

Paine & Partners LLC said Friday that it has called off its agreement to sell Icicle Holdings to Convergence Holdings Inc. and Dominion Catchers LLC. Paine & Partners did not disclose a reason why it terminated the deal. The private equity firm said it plans to reinitiate a sales process for Icicle once the 2015 salmon season has ended. In June, Paine & Partners agreed to sell Icicle to Convergence and Dominion. Seattle-based Icicle is a seafood company.


Paine & Partners holds 12% of Costa Group following IPO

By Luisa Beltran — 4 months ago

Paine & Partners LLC said Thursday that portfolio company Costa Group has completed its IPO on the Australian Securities Exchange. Costa sold about 245 million shares at an IPO price of A$2.25 (US$1.64) raising A$550 million (US$400.8 mln) in proceeds. Paine & Partners holds an approximate 12% equity stake in Costa following the IPO and is its largest stockholder. Victoria, Australia-based Costa produces, markets and exports fresh fruit and vegetables.


PE-owned Eurodrip appoints new CEO

By Iris Dorbian — 7 months ago

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

By Iris Dorbian — 11 months ago

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

By Iris Dorbian — 1 year ago

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.


Paine & Partners invests in QC

By Iris Dorbian — 2 years ago

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

By Angela Sormani — 2 years ago

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

By Luisa Beltran — 3 years ago

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.