The consumer sector is one of PAI’s core target areas for investment, having successfully invested in leading food and consumer businesses including: Yoplait, one of the top 20 global consumer brands; United Biscuits, the largest biscuits manufacturer in the UK; and Chr. Hansen, a leading food ingredients supplier. Commenting on the project Joanna Buist, Account Manager, said: “The yoomoo brand has established its roots over the last two years and is now one of the leading frozen yogurt brands in the UK. The recent boom in frozen yogurt retailers has opened the category up to a wider audience creating a huge opportunity for the brand in take-home as well.” First, make the fruit compote. This can be made ahead of time, and will keep in the fridge for a few days. Our partnership with R&R has been very successful. We are delighted to have supported the company in achieving significant growth since our investment in 2006 and an enhanced market position. The company today is a leader in its sector and is well-positioned for future growth. We wish R&R every success in its new relationship with PAI.” We are very excited to be partnering with PAI and working together on our next phase of development as we continue with our growth strategy across our brands. We have benefitted immensely from working with Oaktree and I would like to thank them for their support.”

Most brands contain yoghurt, sugars and flavouring, although yoomoo say their version contains no artificial colours or preservatives. It’s a big move for a company founded just 18 months ago by friends Samantha Pyser and Amanda Gestetner after they discovered ‘fro-yo’ on a trip to LA. The cool, sweet frozen yogurt works really well with the heat from the chili used in the dressing for the prawns. Not only that but vanilla in the yogurt and the sweetly savoury juicy prawns are a great combination too. Nina Fortune, Design Director, adds: “The yoomoo brand is all about personality. Our challenge was to ensure that this brand personality was retained in the take-home range whilst creating standout in the freezer cabinet and communicating yoomoo’s low fat, healthier offering.” Do you love frozen yoghurt? Or is it just a fad? And who makes the best 'fro-yo'? Let us know in the Comments section below.Eating a sundae with ice cream first thing would really be a bit too rich, so I’ve gone for the low fat and lower calorie option of yoomoo frozen yogurt. It’s really tasty, and available in vanilla and strawberry flavours so you can mix and match the sundae according to how you’re feeling. The strawberry flavour is swirled with strawberry sauce, both looks and tastes great. We really love the texture of this fro-yo: light and fluffy. yoomoo is also available as frozen lollies, in mixed berry, strawberry and tropical flavours. Now one of those would really be a breakfast with a difference! I really enjoy variety at breakfast, particularly at weekends. While I’m always looking for everything I cook to be as fuss free as it can, sometimes spending a little more time and effort really makes a difference. We’ve enjoyed breakfast muffins, smoothies, pancakes and waffles in the past, and here’s another string to our breakfast bow: the breakfast sundae! This dish is dinner party worth but also perfect to serve on date night or for casual dining with friends. Manufacturers R&R Ice Cream claimed that the new products would “offer a healthier alternative to ice cream”, and are now seeking to exploit the trend in frozen yogurt products. Heat the defrosted fruit in a saucepan, and add the water. After the mixture has warmed through, spoon off some liquid into a small bowl and add the cornflour.

Third, prepare the avocado salsa: finely dice half an avocado, as much fresh green chili as you want and coriander, mix and finish with a squeeze of lime. Very the garnish according to what’s available: if you can’t find shell-on prawns, don’t worry. Just leave them out. There are a host of frozen yoghurt brands vying for a share of this growing market, including Snog, Yog (which has a take-home version already available in Waitrose), Ben & Jerry’s and Yeo Valley. A brief history of frozen yoghurt Following Bulletproof’s successful creation of the yoomoo brand identity in 2010, the agency was awarded the project as part of its on-going relationship with the brand. Defrost the frozen fruit (take out strawberries and they contain too much water and become too mushy).

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Frozen yoghurt (or yogurt, as our transatlantic cousins would prefer) is an American invention that became huge in the 1980s. It was initially promoted as a low-fat alternative to ice cream, although some experts continue to dismiss this. Then along came, guess what, low-fat ice cream. PAI Partners will support R&R through its next phase of growth, investing in the expansion of the company’s international footprint and renowned consumer brands. In the morning, make the sundaes. Spoon some compote into the bottom of a tall sundae glass, and spoon in some of the granola and your choice of mixed beries Barclays acted as sole financial advisor to Oaktree. Rothschild and Credit Suisse advised PAI Partners. About R&R Ice Cream

The frozen yoghurt bandwagon continues to roll on with the news that yoomoo has become the first brand to fully make the transition from kiosk to supermarket in the UK. In 2006, following the Oaktree managed funds’ acquisition of the company; Richmond was merged with German ice cream manufacturer Roncadin GmbH to form R&R Ice Cream. yoomoo frozen yogurt is available in 500ml tubs in 2 flavours: vanilla, as I’ve used here, and also strawberry as I used in my frozen yogurt breakfast sundae with fruit compote.If you want to make this dish ahead of time, mix the sauce and add the prawns, cover and leave in the fridge. Place scoops of the yoomoo on a silicone mat and freeze them ready to assemble the dish just before serving. R&R is a market-leading company with a strong portfolio of innovative products and excellent potential to expand in the UK and internationally. The food and consumer brands sector is a core area of investment focus and expertise for PAI and we are delighted to be investing in R&R. We look forward to working closely with the company’s management and supporting the company’s continued growth.” Apr 2013 PAI Partners ("PAI") today announced the acquisition of R&R Ice Cream Plc ("R&R"), a leading European ice cream manufacturer with a strong portfolio of own-label and branded products, from funds managed by Oaktree Capital Management, L.P. ("Oaktree") and the other shareholders of R&R for an undisclosed sum. The transaction is subject to certain regulatory approvals and financing conditions. R&R's senior management team will continue to lead the business and are investing in the company. Yogurt brand Yoomoo has announced its expansion into the ice lolly market with the launch of three flavours of frozen yogurt lollies. Charlotte Hambling, head of UK marketing at R&R Ice Cream, said: “We’re always looking for fresh ways to bring innovation to the market and trends showing an increase in demand for healthier treats meant it was a natural progression to expand the yoomoo range into the frozen lollies market.