PAI has therefore focused on a number of specific subsectors: Building Materials, Packaging, Automotive and Chemicals within the wider General Industrials universe. Value creation stories revolve around a number of themes: investing in niche markets under-exploited by competitors, pursuing a consolidation strategy, and re-energising non-core assets acquired from large industrial companies. In all cases we invest to grow the businesses. Furthermore, many European-headquartered industrial companies are exposed to strong global growth particularly in Asia and emerging markets.

PAI's buyout investments in the Building Materials sector include Xella (a worldwide leader in building materials) and historic investments in Monier (the world leading supplier of pitched roofing products) and Gerflor (PVC flooring). In Packaging, PAI has led the buyouts of Mivisa (the #1 metal packaging manufacturer for the food industry in Spain) and Global Closure Systems (a world leader in plastic closures for consumer packaging). PAI has also led several buyouts in the Automotive sector including the acquisition of FTE (the worldwide leader in clutch actuation systems for light vehicles) and of Michel Thierry (the leading manufacturer of fabrics for automotive seats in Europe). In Chemicals, PAI led the buy-out of Perstorp, a world leading producer of added value ingredients for the paint, resin and coatings industries.