Paine & Partners may be in frame for PEP's Tegel
US PE firm Paine & Partners may be the latest suitor for Pacific Equity Partners' New Zealand poultry investee Tegel Foods, in a potential secondary buyout that could fetch up to NZ$1 billion ($755 million), according to reports.
Paine & Partners numbers agribusiness and foods among its sector specializations. The same reports also indicated that Brazilian meat company JBS SA had already dropped out of bidding for the asset. Tegel...
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