Weil has advised PAI Partners on its €3.6 billion equity transaction and establishment of a new ownership structure for its c. 50% stake in Froneri. Froneri is a leading global ice cream manufacturing company, created in 2016 as a joint venture between PAI and Nestlé, and today present in 25 countries, with annual revenue of more than €5.5 billion and over 12,000 employees worldwide. 

As part of the new ownership structure, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will become a significant minority co-investor in Froneri, alongside PAI and a new single-asset continuation vehicle.

The Weil team was led by Private Equity partner Jonathan Wood, assisted by Private Equity counsel Ellie Fialho and associates Will Johnson and Holly MacKay, together with Antitrust partner Neil Rigby and counsel Nicholas Barnabo, and the Firm’s specialist teams.