Goldman Sachs(US:GS) 智通财经网·2025-08-01 07:05Group 1 - Goldman Sachs is set to acquire a significant stake in Froneri, a global ice cream manufacturer, for an enterprise value of €15 billion (approximately $17.13 billion) [1] - The acquisition is expected to be finalized as early as September, with Goldman Sachs Asset Management becoming the leading investor in a new "continuation fund" established by PAI Partners [1][2] - Froneri was formed in 2016 as a joint venture between Nestlé and PAI Partners, merging their ice cream businesses across over 20 countries [1][3] Group 2 - The investment will be executed through PAI's "continuation fund," allowing Goldman Sachs to provide liquidity to the original fund while enabling PAI to maintain long-term ownership of Froneri's high-quality assets [2][3] - The ice cream industry is characterized by resilient demand, high profit margins, and strong brand barriers, making Froneri an attractive investment for Goldman Sachs [3] - Froneri holds a top-two market share in over 20 key markets and offers a complete product line from premium to mass-market segments, continuously expanding through acquisitions [3]