PAI Partners, a private equity firm, agreed to acquire La Compagnie des Desserts, a frozen desserts supplier, from Argos Wityu, an European investment fund. Financial terms were not disclosed. “We’re delighted to be partnering with LCDD to support its strategy to become a pan-European leader in premium frozen desserts. The Company is uniquely positioned to capitalise on the growing demand for outsourced dessert preparation across hotels, restaurants and catering businesses, driven by their need to innovate and manage labour shortages in the industry,” Stefano Drago, PAI Founding Partner.