Paine & Partners ends deal to sell Icicle to Convergence, Dominion

Paine & Partners LLC said Friday that it has called off its agreement to sell Icicle Holdings to Convergence Holdings Inc. and Dominion Catchers LLC. Paine & Partners did not disclose a reason why it terminated the deal. The private equity firm said it plans to reinitiate a sales process for Icicle once the 2015 salmon season has ended. In June, Paine & Partners agreed to sell Icicle to Convergence and Dominion. Seattle-based Icicle is a seafood company.

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