PAI and PepsiCo will partner to form a new-joint venture, with PAI owning 61% and PepsiCo 39% of the transferred business.

Scrigno is a leading fully integrated opening solutions player in Europe. It is the fourth MMF investment.

PAI will support Pasubio's growth plans, which include further consolidating the fragmented global automotive leather market and diversifying the company’s offering into other premium automotive interior materials.

SGD Pharma is a world leader in the pharmaceutical glass packaging industry.

Apave is a market leader in the field of technical, environmental, human and digital risk management.

PAI MMF was raised entirely virtually and is above its €700m target and original €800 million hard cap, which was increased following significant investor interest.

MyFlower is a leading European flower and gift digital platform, which operates the Interflora brand in key European markets including France, Denmark, Iberia and Italy.

Apleona has more than 20,000 employees, managing tens of thousands of buildings and offices in over 30 countries across Europe.

Both companies benefit from high calibre management teams with a strong track record in product innovation, operational excellence, and building long-term customer relationships.

PAI will contribute its extensive international resources and its long-standing experience in the food market to accelerate the company’s new strategic business plan.