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October 08, 2012

Paine & Partners Agreed to Acquire Majority Ownership of Eurodrip, Leading Provider of Drip Irrigation Solutions


New York, NY, Chicago, IL, San Francisco, CA and Athens, Greece

Paine & Partners, LLC (“Paine & Partners”), a global private equity investment firm focused on investing in food and agribusiness, today announced that an affiliate of the firm has entered into a definitive agreement (the “Agreement”) with Aquanova International Holdings B.V., a company controlled by Global Capital Investors II, a private equity fund advised exclusively by Global Finance, as well as with Bellaria Holding Ltd., for the sale and purchase of majority ownership of Eurodrip S.A. (ATHEX: EDRIP) (“Eurodrip” or the “Company”), a global leader in manufacturing and supplying drip irrigation solutions.

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