Paine Schwartz Partners has closed on a Paine Schwartz Food Chain Fund VI, L.P. at $1.7 billion. The fund is aimed at investing in the food and agribusiness value chain.
The company has invested about 40% of Fund VI in AgroFresh Solutions, Costa Group, Elemental Enzymes, HGS BioScience and Monterey Mushrooms. The company also is aiming its fund toward productivity and sustainability and health and wellness.
“With Fund VI, we are continuing to invest to feed a growing population better food with more efficient use of resources,” said Kevin Schwartz, chief executive officer of Paine Schwartz. “Food and agribusiness has been the fastest growing sector for more than 15 years and continues to be underserved by the investment community. Guided by our core themes, we are targeting investments in segments associated with long-term growth that have limited commodity exposure and limited private equity competition.”
Lazard Frères & Co. LLC served as placement agent to Paine Schwartz, and Kirkland & Ellis LLP served as legal counsel.
Paine Schwartz Partners is a private equity firm that is involved in sustainable food chain investing and focuses on investment opportunities in global food and agribusiness sectors.
By Brooke Just
Source: foodbusinessnews.net
A new wave of brands is emerging that promotes indulgence and rejects the notion of sacrifice. Low-maintenance “hangover” beauty products are designed to address the effects of late nights and partying without judgment or hassle, and even include cosmetics that are formulated in a way that means you can fall asleep in your makeup without feeling guilty.
The pilot will allow the company to scale circular packaging in about 18 markets over the next three years, an approach that jumps on the success of similar efforts in the company’s Indonesia ecoSPIRITS program, which launched in 2022 and is active in 38 bars.
Unilever’s focus on purpose across its brands has been a source of criticism from some of its investors. Its new CEO Hein Schumacher says the company now recognises there are some brands where the concept is simply not relevant.
