Paine & Partners Acquires Agricultural Co. Eurodrip
January 31, 2013
Paine & Partners, a San Mateo, CA-based private equity firm, has acquired a majority ownership of Eurodrip, a global irrigation services provider. Based in Greece, Eurodrip manufactures and supplies integrated drip irrigation solutions for agricultural and landscaping applications. It has a market presence in over 70 countries, with operating subsidiaries in the U.S., Europe, the Middle East and Central and South America. Paine & Partners, an investor focused on the global food and agribusiness industry, made the investment through P&P Water Holdings, an affiliate of its Paine & Partners Capital Fund III. The shares had been controlled by Aquanova International Holdings, a portfolio company of Global Capital Investors and Bellaria Holding.