PAI Partners, a French private equity firm, agreed to acquire a majority stake in ECF Group, a hospitality equipment company, from Naxicap Partners, a private equity firm, for €830m. “ECF is an exceptional business with a strong portfolio of partner- and private-label brands serving a high-quality, diversified customer base. We see enormous potential to scale the business even further, strengthening the group’s offer and extending its global reach. We look forward to working with Christophe and the management team in this next chapter of growth,” Mathieu Paillat, PAI Partners Partner.