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January 29, 2013

Paine & Partners Completes Acquisition of 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 P&P Water Holdings (Greece) S.A. (“Water Holdings”), an affiliate of Paine & Partners Capital Fund III, L.P., has completed the acquisition of majority ownership of Eurodrip S.A. (ATHEX: EDRIP) (“Eurodrip” or the “Company”), a global manufacturer and supplier of drip irrigation solutions.

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