PAI Partners, ADIA and Goldman Sachs Alternatives completed a €3.6bn investment in Froneri.

A consortium of investors including PAI Partners, Abu Dhabi Investment Authority, and Goldman Sachs Alternatives, completed a €3.6bn investment in Froneri, a global ice cream manufacturer. “Froneri is a clear example of PAI’s ability to create and grow global champions in the consumer sector. Since we first partnered with Nestlé in 2016, the business has successfully expanded into new markets, strengthened its branded portfolio and established itself as a global leader. This success is also a testament to the strength and commitment of Froneri’s management team. We are proud to continue our journey with Froneri and Nestlé, and to welcome ADIA and other leading global institutions as shareholders for Froneri’s next phase of growth,” Frédéric Stévenin, PAI Partners Co-Managing Partner.