PAI Partners, a pre-eminent private equity firm, completed the acquisition of Alphia, a pet food co-manufacturer, from J.H. Whitney, a venture-capital firm. Financial terms were not disclosed. “We are excited to announce our investment in Alphia, which represents our second platform in the US. We are committed to building the PAI franchise in the US and look forward to our continued growth and success in this market,” Maud Brown, PAI Partner at and Head of US.