Paine Schwartz Partners
| Private | |
| ISIN | 🆔 |
| Industry | Private Equity |
| Predecessor | Fox Paine & Company |
| Founded 📆 | 2007 |
| Founder 👔 | |
| Headquarters 🏙️ | New York, New York & San Mateo, CA |
Area served 🗺️ | |
Key people | W. Dexter Paine III & Kevin Schwartz |
| Products 📟 | Private equity funds, Leveraged buyouts, Growth capital |
| Total assets | $1.2 billion[1] |
| Members | |
Number of employees | |
| 🌐 Website | www.paineschwartz.com |
| 📇 Address | |
| 📞 telephone | |
Paine Schwartz Partners (formerly Paine & Partners) is an investment platform focused on sustainable food chain investing.[1][2] Agricultural investments have included technologies such as drip irrigation and aquaculture as well as boosting productivity and food safety.[3][4][5]
The firm was founded in 2007, headquartered in San Mateo, California and New York City, and changed its name from Paine & Partners in 2017. [6]
History[edit]
Paine & Partners, now Paine Schwartz Partners, was founded in 2007 by W. Dexter Paine III following his departure from predecessor Fox Paine & Company, which he had co-founded in 1997. Prior to co-founding Fox Paine, Paine had been an investment banker and private equity investor at San Francisco-based Robertson Stephens and later Kohlberg & Co. The two partners had been encouraged to work together given their previous business dealings. In 1985, Dexter Paine had helped Saul Fox arrange financing for the leveraged buyout of Motel 6 while at KKR.[7]
In 2005, Saul Fox and Dexter Paine, the two partners of Fox Paine & Company, began showing signs of disagreement about the raising of a third investment fund. The separation process was formalized in 2007, with Fox Paine co-founder Saul Fox retaining the predecessor firm's name, while Dexter Paine formed a new firm, Paine & Partners, with the legacy Fox Paine investment team.[8]
In December 2007, Fox and Paine came to a compromise under which Saul Fox retained the use of the Fox Paine name and control over the investments in Fox Paine Fund II. In return, Saul Fox ceded his interest in Fox Paine Fund III, which would subsequently be renamed Paine Capital Fund III as well as the remaining legacy interest in the original Fox Paine Capital Fund.[2][3]
In 2012, the firm partnered with the World Bank Group's Global Partnership for Oceans, with founder Dexter Paine noting a need for "global oversight and global policy" in regards to fisheries management.[1][9]
Notable investments[edit]
With roots in the middle-market, Paine Schwartz Partners has become an agribusiness specialist, investing in global food supply trends.[10][11]
Notable investments include the following:
- WireCo WorldGroup
- Sunrise
- Costa Group[2]
- Global ID
- AgBiTech
- Rivulis
- Meadow Foods
- Spearhead International[11]
- Suba Seeds
See also[edit]
External links[edit]
- Paine Schwartz Partners (company website)
References[edit]
- ↑ 1.0 1.1 1.2 Jung, Jayne (4 April 2012). "CEO Interview: Dexter Paine of $1.2 Billion Private Equity Firm Paine and Partners". Forbes. Retrieved 7 November 2017.
- ↑ 2.0 2.1 Neales, Sue (1 August 2015). "Paine & Partners eyes agriculture after cashing in Costa stake". The Australian. Retrieved 7 November 2017.
- ↑ "Fish as farmed food: aquaculture draws investors". Reuters. 10 November 2010. Retrieved 7 November 2017.
- ↑ Primack, Dan (8 October 2012). "Why a U.S. Buyout Firm is Investing in Greece". Fortune. Retrieved 7 November 2017.
- ↑ Brat, Ilan; Bunge, Jacob (6 April 2015). "Silicon Valley Firms Plant Roots in Farm Belt". Wall Street Journal. Retrieved 7 November 2017.
- ↑ "Paine & Partners announces new CEO, changes name". Undercurrent News. 9 February 2017. Retrieved 7 November 2017.
- ↑ Anders, George (15 September 2007). "Bitter End of a Partnership". Wall Street Journal. Retrieved 7 November 2017.
- ↑ Harris, Jennifer (4 January 2013). "Fox, Paine Settle Out Of Court". Private Equity International. Retrieved 7 November 2017.
- ↑ "More than 80 nations, private companies and international organizations declare support for Global Partnership for Oceans". The World Bank Group. 16 June 2012. Retrieved 7 November 2017.
- ↑ Clark, Simon (April 2014). "Harvesting New Opportunities" (PDF). AgriInvestor. Private Equity International. Retrieved 7 November 2017.
- ↑ 11.0 11.1 Huffstutter, P.J. (1 July 2015). "U.S. private equity fund Paine takes bite of EU farming". Reuters. Retrieved 7 November 2017.
- Green, Leslie. "For Saul Fox, Bigger Isn’t Always Better in the World of Buyouts." Buyouts, MAY 15, 2000
- "Fox Paine & Co. Has Become Fox Vs. Paine." Buyouts, September 24, 2007
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