SAN MATEO, Calif., Feb. 9, 2017
Dexter Paine, a founding partner who previously held the dual role of Chairman and Chief Executive Officer at paine & partners llc, will continue as Chairman. In a move highlighting the firm’s co-leadership model, Kevin Schwartz, also a founding partner and former President, has been appointed as the new Chief Executive Officer.
This renaming and leadership transition underscore Paine Schwartz Partners’ sustained commitment to and expertise within the global food and agribusiness sectors. For over two decades, the firm and its predecessor have cultivated deep industry knowledge and key relationships, channeling over $1 billion into these vital sectors in the past decade alone. This significant investment, believed to be the largest among private equity funds in this space, is set to continue through the Paine Schwartz Food Chain Fund IV, which currently stands at $893 million (formerly Paine & Partners Capital Fund IV).
Both Mr. Paine and Mr. Schwartz will jointly steer the firm’s strategic direction, investment activities, and overall operations. They will be supported by partners Angelos Dassios and David Buckeridge, alongside a dedicated team of 25 investment and operating professionals. Recent strategic hires have further strengthened the team, bringing in additional industry-specific and operational expertise to enhance the firm’s capabilities.
“Today’s announcement represents a natural evolution for our firm, and we are thrilled to move forward as Paine Schwartz Partners, recognized as a leader in global food chain investing,” stated Mr. Paine. He further emphasized Mr. Schwartz’s crucial role in shaping the firm’s focused strategy on the food and agribusiness sectors. “Kevin’s contributions have been instrumental in our success, and I eagerly anticipate continuing our partnership as he steps into the CEO role. As Paine Schwartz Partners embarks on this exciting new chapter, our team of investment and operating professionals remains dedicated to leveraging our deep industry expertise to capitalize on compelling investment opportunities across the entire food and agribusiness value chain.”
Mr. Schwartz added, “Our firm’s approach to value creation is rooted in a thesis-driven methodology, enabling us to pinpoint and pursue promising investment opportunities. We are committed to working closely with the management teams of our portfolio companies to drive performance and achieve significant results. I am enthusiastic about building upon our leadership position in agribusiness investing and continuing to collaborate with Dexter, Angelos, David, and the rest of our talented professionals.”
Alongside the name change, Paine Schwartz Partners has launched a new visual identity, including a new logo, and unveiled its updated website at www.paineschwartz.com.
About Paine Schwartz Partners
Paine Schwartz Partners stands as a global leader in food chain investing. As a private equity firm, it strategically targets investment opportunities within the rapidly expanding and dynamic global food and agribusiness sectors. The firm’s team of investment, operations, and finance experts invest across market cycles throughout the food and agribusiness value chain. They are known for their collaborative and active management approach, working closely with portfolio companies to foster growth and value. Currently, the firm’s investments are channeled through its $893 million Paine Schwartz Food Chain Fund IV, specifically dedicated to agribusiness investing. For more comprehensive information, please visit www.paineschwartz.com.
Contacts:
Andy Brimmer / Aaron Palash
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
SOURCE Paine Schwartz Partners
