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.

Ralph brings three decades of corporate, capital market and consulting experience as PAI continues to reinforce its presence in the region.

The appointment of Marc Boullier as Managing Director follows a number of senior hires over the last year to bolster the PAI Performance Group, which oversees operational transformation programmes across the firm’s portfolio and supports due diligence.

Under PAI’s ownership, Roompot has invested significantly in upgrading and expanding its parks, developed a strong digital marketing and distribution platform, increased real estate ownership and grown revenue and EBITDA at double digit growth rates.

Collectively, the Wessanen group has achieved a consolidated score of 91.7 points, which far exceeds the benchmark 80 points to earn the certification.

The acquisition covers a number of well-known brands including Häagen-Dazs, Drumstick, Edy’s, Dreyer’s, Outshine, and Skinny Cow. Froneri will become the global #2 ice cream manufacturer following the transaction.

PAI will become the majority shareholder of Armacell.

Maud Brown joins to lead the firm's activities in the US. PAI has now increased the size of its team by more than 20 professionals worldwide since early 2018 and the close of its €5.1 billion PAI Europe VII fund.