Private equity fund PAI Partners (PAI), through the PAI Mid-Market Fund (PAI MMF) – its fund dedicated to mid-market opportunities – is to acquire a majority stake in Uvesco, a food retailer in the North of Spain with a significant presence in Madrid.
PAI MMF is acquiring the stake from the company’s current shareholders, who will continue to hold a relevant interest in the business, with a view to supporting its growth plans and acquisition strategy. The company’s headquarters will remain in Guipúzcoa.
The transaction is the fifth investment announced by PAI MMF following the acquisitions of Amplitude Surgical, a French leader in the lower limb orthopaedic prostheses market, of Angulas Aguinaga, a Spanish multinational in fish-based convenience food, of MyFlower, a European flower and gift digital platform operating under the Interflora brand in key European markets, and of Scrigno, a fully integrated opening solutions player in Europe, based in Italy.
Read more/Source: Private Equity Wire
