Alvest Positioned for Growth with PAI Partners' Investment
Deal News | Jan 31, 2025 | PAI Partners
PAI Partners, a significant private equity firm, has entered into exclusive negotiations to acquire a majority stake in Alvest, a leader in airport Ground Support Equipment (GSE). The deal will see PAI become the largest shareholder alongside a co-investor, with former stakeholder Ardian holding a minority stake. This strategic partnership aims to bolster Alvest's growth and innovation in the aviation sector, with a particular focus on transitioning to electric GSE. Headquartered in France, Alvest operates globally with 3,500 employees, serving airports in over 167 countries. The transaction is expected to finalize in the summer, pending regulatory approvals.
Sectors
- Aviation
- Private Equity
- General Industrials
Geography
- France – Alvest is headquartered in France, which is central to its operations and the acquisition deal.
- Global – Alvest has a worldwide presence with operations and services in over 167 countries, contributing to the international aspect of the deal.
Industry
- Aviation – The article involves Alvest, which operates in the aviation industry by supplying Ground Support Equipment.
- Private Equity – PAI Partners and Ardian, both private equity firms, are involved in the acquisition transaction.
- General Industrials – PAI's investment in Alvest aligns with their expertise in the General Industrials sector, focusing on manufacturing and industrial equipment.
Financials
- – The article does not specify the financial terms of the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PAI Partners | Bidding Company | Company | A leading private equity firm looking to acquire a significant stake in Alvest. |
| Alvest | Target Company | Company | A global leader in airport ground support equipment and services. |
| Ardian | Selling Company | Company | A private equity firm currently holding a minority stake in Alvest and will retain a stake after the transaction. |
| Valentin Schmitt | CEO of Alvest | Person | The CEO of Alvest who commented on the transaction and partnership with PAI Partners. |
| Laurent Rivoire | Partner at PAI | Person | Partner at PAI Partners, involved in the acquisition of Alvest. |
| Albin Louit | Partner at PAI | Person | Partner at PAI Partners, involved in the acquisition of Alvest. |
| Alexandre Motte | Co-Head of Co-Investment and Senior Managing Director at Ardian | Person | Senior Managing Director at Ardian, which retains a minority investment in Alvest. |