PAI Partners, a pre-eminent private equity firm, agreed to invest in Uvesco, a food retailer in the North of Spain with a significant presence in Madrid. Financial terms were not disclosed. "I am very excited that PAI has chosen to invest in Uvesco, providing us with the support required to continue our growth trajectory. We would like to thank all Uvesco’s key stakeholders, including its employees, customers, and suppliers, for their backing in recent years, with the business now ideally placed to expand its differentiated, high quality food retail concept. Our commitment to local and regional products, as well as stable relationships and trust in our suppliers, will continue to be key pillars of our strategy. The Spanish market presents strong growth drivers, and we look forward to working with PAI to capitalise on the many opportunities ahead," José Ramón Fernández de Barrena, Uvesco CEO.