PAI Mid‑Market Fund (PAI MMF) Acquires Majority Stake in Angulas Aguinaga

November 9, 2020

PAI Partners, through its PAI Mid‑Market Fund (PAI MMF), has acquired a majority stake in Angulas Aguinaga, the Spanish leader in refrigerated fish and seafood convenience products, from Portobello Capital and the founding family. The existing shareholders will reinvest and retain a 49.9% stake; PAI will support the company's Strategic Plan 2020–2025, focusing on brand reinforcement, new product categories and international expansion (notably Italy and France).

Buyers
PAI Mid‑Market Fund (PAI MMF) / PAI Partners
Targets
Angulas Aguinaga
Sellers
Portobello Capital, Founding family
Industry
Food & Beverage
Location
Basque Country, Spain
Transaction Type
Buyout

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