Royal Group Acquires Controlling Stake in PANGAIA

Bain Capital Acquires Controlling Stake in Engineering Group

February 5, 2020

IT Services

Bain Capital Private Equity signed a definitive agreement to acquire a controlling stake in the Engineering Group, the leading Italian IT services and digital transformation business, from funds advised by Apax Partners and Neuberger Berman. Neuberger Berman will reinvest alongside Bain Capital; the transaction remains subject to regulatory approvals. Engineering is headquartered in Rome and employs more than 11,000 professionals across multiple countries.

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

November 9, 2020

Food & Beverage

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).

Imperial Acquires Pukka Inc.

May 21, 2024

Consumer Products

Imperial, a Missouri-based headwear manufacturer owned by investment vehicle CPC, has acquired Pukka Inc., a Findlay, Ohio designer and manufacturer of custom headwear serving golf, action sports and team sporting goods markets. Financial terms were not disclosed; Pukka's management and operations will remain in place and the brands will be run separately as Imperial (a CPC portfolio company) looks to expand its product and channel footprint.

PAI Partners to acquire Nuzoa from Abac Capital

March 24, 2025

Veterinary

PAI Partners, via its PAI Mid-Market Fund, has agreed to acquire Nuzoa, the leading integrated animal health products and services distributor in Iberia, from Abac Capital. PAI plans to accelerate Nuzoa's growth through further consolidation in the fragmented Iberian market, expansion into other European markets and by developing additional vet-focused services such as digital solutions and laboratory diagnostics.

PAI Partners Agrees to Acquire Majority Stake in ECF Group

June 14, 2023

Logistics & Distribution

PAI Partners has made a binding offer to acquire a majority stake in ECF Group from French private equity firm Naxicap Partners, with Naxicap remaining a minority investor alongside management. ECF is an omnichannel B2B distributor of equipment, consumables and hygiene products for hospitality and care professionals, headquartered in Grigny, France (~1,750 employees, ~€760m revenue); PAI intends to accelerate growth organically and via acquisitions to consolidate the fragmented market.

PNC Riverarch Capital Acquires Empire Group from Kian Capital Partners

February 7, 2020

Manufacturing

PNC Riverarch Capital has acquired Empire Group, a Raleigh, North Carolina–headquartered wholesale distributor of commercial foodservice equipment and OEM parts, from Kian Capital Partners. Terms were not disclosed; under Kian's ownership Empire expanded to seven locations, served 5,500+ customers and materially grew revenue and EBITDA.