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Private equity firm PAI Partners acquires majority stake in Italian hair care business Beautynova from Bluegem, plans expansion in US, Europe markets; Beautynova owns array of brands including milk_shake, z.one concept and Medavita

PAI Partners weighing whether to sell its share in Froneri, its ice-cream venture with Nestle, according to Bloomberg report; the private-equity firm is in the 'early stages' of assessing options for the disposal of its interest in Froneri

Private equity firm Alphia PAI Partners agrees to acquire North American pet food co-manufacturer Alphia from J.H. Whitney Capital Partners under undisclosed terms; Denver-based Alphia produces over one billion lbs. of dry pet food annually

European Commission approves Nestle's deal to set up JV for its frozen pizza business in Europe with French private equity firm Pai Partners

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