PAI Exploring Options for $10 Billion Nestle Ice Cream JV
- Sale, initial public offering among possible options
- IPO would help revive sluggish market for stock listings
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Private equity firm PAI Partners is in the early stages of exploring options for its ice cream joint venture with Nestle SA that includes brands like Haagen-Dazs, according to people familiar with the matter.
The venture, Froneri, could be valued at more than $10 billion in a transaction, the people said, asking not to be identified discussing confidential information. PAI and Nestle declined to comment.