All sectors Business Services Food & Consumer General Industrials Healthcare All countries All investments See case studies only Food & Consumer The consumer industry is characterised by its relative stability across economic cycles. We have been able to generate attractive investment returns due to our ability to identify opportunities for industrial consolidation in the sector, as well as our strategy to reinvigorate underinvested brands and drive market share through product innovation. Meet the team Gaëlle d’Engremont Bertrand Monier Julie Gautier Ana Aliyari European Camping Group ECG is a European leader in outdoor accommodation. Food & Consumer Investment date September 2021 Fund PAI Europe VII Headquarters France www.europeancampinggroup.com/uk Euro Ethnic Foods Euro Ethnic Foods is a wholesaler of ambient grocery products and beverages, operating within the fast growing Grand Frais food retail chain. Food & Consumer Investment date March 2021 Fund PAI Europe VII Value at acquisition €1.0bn Headquarters France www.grandfrais.com MyFlower | Interflora Leading European flower and gift digital platform operating the Interflora brand in key European markets. Food & Consumer Investment date March 2021 Fund PAI Mid-Market Fund Headquarters France www.interflora.fr The Compleat Food Group The Compleat Food Group (formerly known as Addo Food Group & Winterbotham Darby) is a leading UK chilled food platform. Food & Consumer Investment date January 2021 Fund PAI Europe VII Headquarters United Kingdom www.compleatfood.com Angulas Aguinaga A leading Spanish player in the refrigerated fish and seafood convenience and ready-meals markets. Food & Consumer Investment date December 2020 Fund PAI Mid-Market Fund Headquarters Spain www.angulas-aguinaga.es/?lang=en Froneri Froneri is a leading global ice cream player. Food & Consumer View case study Investment date December 2019 Fund PAI SP Headquarters United Kingdom www.froneri.com Marcolin Marcolin is a world leader in the branded eyewear sector. Food & Consumer Investment date December 2019 Fund PAI SP Headquarters Italy www.marcolin.com Ecotone Ecotone (formerly Wessanen) is a leading company in the European market for healthy and sustainable food. Food & Consumer Investment date November 2019 Fund PAI Europe VII Value at acquisition €927m Headquarters France www.ecotone.bio Asmodee Asmodee is a leading global board, card and role-playing game publisher and distributor. Food & Consumer Investment date October 2018 Fund PAI Europe VII Value at acquisition €1.2bn Headquarters France www.asmodee.com Refresco Refresco is the world’s largest independent bottler of beverages for retailers and A-brands. Food & Consumer Investment date March 2018 Fund PAI Europe VI Value at acquisition €3.4bn Headquarters The Netherlands www.refresco.com More investments

Case studies Roompot Food & Consumer Exit date September 2020 Fund PAI Europe VI Value at exit €1.1 billion Read more ADB Safegate General Industrials Exit date October 2017 Fund PAI Europe V Value at exit €910 million Read more Swissport Business Services & Distribution Exit date February 2016 Fund PAI Europe V Value at exit CHF 3.1 billion Read more