Pamplona Capital Management, the investment firm backed by Russian billionaire Mikhail Fridman’s Alfa Group, has bought a Hungary-based pet food maker in its first direct deal in central and eastern Europe in a decade.
Pamplona has acquired Partner in Pet Food from Advent International for €315 million, according to a statement. Advent bought the company, a carve-out from animal feed provider Provimi Group, in 2011 with capital from its fourth CEE fund.