Painswick participates in Froneri continuation transaction

Painswick's official news page identifies its participation in PAI Partners' Froneri continuation transaction. On October 2, 2025, PAI announced completion of a €3.6 billion equity transaction that reorganized its approximately half interest in the ice-cream business. The structure included a significant minority co-investment by an ADIA subsidiary and a single-asset continuation vehicle led by Goldman Sachs Alternatives' Vintage Strategies. The €3.6 billion is the broader equity transaction total, not a disclosed Painswick commitment or a debt facility. PAI and Nestlé had created Froneri in 2016. The transaction supported continued development of the business with existing and new investors; Painswick's individual ownership was not disclosed.