Paine & Partners has changed its name to Paine Schwartz Partners, effective immediately, reflecting a shift in the front office.
Kevin Schwartz, previously president, has been appointed as the new chief executive officer of the firm; while Dexter Paine, previously chief executive officer and chairman, will continue on as chairman.
Paine and Schwartz, both founding partners of the firm, will continue to co-lead the strategy, investment activity and operations of the firm, according to a company announcement.
They are supported by partners Angelos Dassios and David Buckeridge, and the firm’s 25 investment and operating professionals.
The global private equity investment firm, focused on global food chain investing, has been investing in the “attractive and underserved” global food and agribusiness sectors for two decades, the statement noted.
The firm said it has invested more than $1 billion in these sectors over the last decade and is currently investing out of the $893 million Paine Schwartz Food Chain Fund IV, dedicated exclusively to agribusiness.
With the name change, the firm unveiled a new logo (below) and website.
Paine said: “Today’s announcement is a natural evolution for our firm, and we are excited to move forward as Paine Schwartz Partners, the leader in global food chain investing. Kevin has played a significant role in our strategy to focus on the food and agribusiness sectors, and I look forward to continuing to work alongside him in his new role of CEO. As we enter this next chapter for our firm, Paine Schwartz Partners’ investment and operating professionals will continue to drive our success by building on our deep industry expertise to capitalize on investment opportunities across the food and agribusiness value chain.”
Schwartz said: “We create value as a firm by applying our thesis driven approach to identify new investment opportunities and working closely with the management teams of our portfolio companies to drive performance. I look forward to building on our agribusiness investing leadership position and continuing to work alongside Dexter, Angelos, David and the rest of the firm’s talented investment and operating professionals.”