PAI Partners' Froneri, a UK-based ice-cream company, has acquired New Zealand-based peer Tip Top in a $380m transaction from dairy co-operative Fonterra.
Raidlight and Vertical were since 2016 owned by Rossignol Group, a French winter sports group, which is owned by PE firm Altor
Company's founders Rodolphe and Edouard Carle will retain a minority stake in the business
Microwave components producer was acquired from its parent company Meyer Burger Technology
GP reportedly pays €1bn for the two stakes in the parcel delivery firm