Private equity group Paine & Partners, former owners of Icicle Seafoods and owners of Scanbio, announced Thursday longtime founding partner Kevin Schwartz would be named CEO, and that the group's name would be changed to Paine Schwartz partners.
The firm has invested more than $1 billion (€940 million) over the last decade, which it believes is the most of any private equity fund, and continues to invest through the $893 million (€839.4 million) Paine Schwartz Food Chain Fund IV (previously Paine & Partners Capital Fund IV).
Last month the group announced Adam Fless, a former director at KKR Capstone, was joining the firm as managing director - portfolio performance.
The group is also led by partners Angelos Dassios and David Buckeridge, and in total the firm has 25 staff.
---
For more seafood news and updates, follow us on Facebook and Twitter or sign up for our daily newsletter.
