Investments

  • 18.0bn

    realised cash proceeds

  • 7th

    generation fund raised in 2018

  • 69

    buyout transactions since 1994

  • Asmodée

    Asmodee publishes and distributes modern board games mainly targeting adults and teenagers, with operations historically located in Europe and North America, and more recently developing in Asia and Latin America.

    Food & Consumer
    • Investment date October 2018
    • Fund PAI Europe VII
    • Value at acquisition €1.2bn
    • Headquarters France
    • www.asmodee.com
  • WFC

    WFC markets and manages cargo freight capacity for more than 200 (mainly passenger) airlines, on an exclusive basis, on more than 16,000 routes, serving every major air cargo market globally.

    Business Services
    • Investment date August 2018
    • Fund PAI Europe VI
    • Value at acquisition €630m
    • Headquarters France
  • M Group Services

    M Group Services is a market leading provider of essential repair, maintenance and installation services to the growing regulated infrastructure markets in the UK & Ireland.

    Business Services
    • Investment date July 2018
    • Fund PAI Europe VI
    • Value at acquisition N/A
    • Headquarters United Kingdom
    • www.mgroupservices.com
  • Refresco

    Refresco is the world’s largest independent bottler of beverages for retailers and A-brands with production in Europe, North America and Mexico.

    Food & Consumer
    • Investment date March 2018
    • Fund PAI Europe VI
    • Value at acquisition €3,375m
    • Headquarters The Netherlands
    • www.refresco.com
  • Albéa

    Albéa is a global leader in BPC packaging, providing tubes, dispensing systems, rigid packaging and solutions for the colour cosmetics, fragrance, skin care, hair care and oral care markets across the world.

    General Industrials
  • Elitech

    ELITech is a global manufacturer of IVD systems (instruments and reagents). IVD refers to analyses taking place in test tubes or culture dishes i.e. outside a living organism. Their products help hospitals, laboratories and physician clinics perform analyses to detect diseases, identify disease risk factors and optimise treatment choices.

    Healthcare
    • Investment date July 2017
    • Fund PAI Europe VI
    • Value at acquisition €355m
    • Headquarters France
    • www.elitechgroup.com
  • Roompot

    Roompot is a leading owner, operator and developer of holiday parks in The Netherlands and Germany.

    Food & Consumer
    • Investment date November 2016
    • Fund PAI Europe VI
    • Value at acquisition €503m
    • Headquarters The Netherlands
    • www.roompot.com
  • Atos Medical

    Atos Medical is a fast-growing medical device company with an undisputed global leadership in laryngectomy products.

    Healthcare
    • Investment date July 2016
    • Fund PAI Europe VI
    • Value at acquisition SEK 7,660m
    • Headquarters Sweden
    • www.atosmedical.com
  • Ethypharm

    Ethypharm is a specialty pharmaceutical company with leading positions in pain and addiction treatements.

    Healthcare
    • Investment date July 2016
    • Fund PAI Europe VI
    • Value at acquisition €725m
    • Headquarters France
    • www.ethypharm.com
  • B&B Hotels

    B&B Hotels ("B&B") is a leading budget & economy hotel chain in Europe. Through a network of more than 350 hotels and c. 31,000 rooms, B&B adresses both business and leisure customers.

    Food & Consumer
    • Investment date March 2016
    • Fund PAI Europe VI
    • Value at acquisition €790m
    • Headquarters France
    • www.hotel-bb.com
  • Grupo Konecta

    Konecta is the #1 provider of Outsourced Contact Centres and Business Process Outsourcing services in Spain with a relevant footprint in Latin America.

    Business Services
    • Investment date December 2015
    • Fund PAI Europe VI
    • Value at acquisition €288m
    • Headquarters Spain
    • www.grupokonecta.com
  • AS Adventure

    AS Adventure is the leading multi-brand retailer of outdoor clothing and equipment in Europe.

    Retail & Distribution
    • Investment date April 2015
    • Fund PAI Europe VI
    • Value at acquisition €393m
    • Headquarters Belgium
    • www.asadventure.com
  • Innovista Sensors

    InnoVista (formerly CST) is a global leader in the manufacture of sensors, controls and motion products for the industrial, aerospace and transportation markets.

    General Industrials
    • Investment date September 2014
    • Fund PAI Europe VI
    • Value at acquisition $900m
    • Headquarters United States
    • www.innovistasensors.com
  • DomusVi

    DomusVi is the third biggest private player in the nursing home sector in France and the leader in Spain, operating c. 200 nursing homes.

    Healthcare
    • Exit date August 2017
    • Investment date September 2014
    • Fund PAI Europe VI
    • Value at acquisition €639m
    • Value at exit €2,364m
    • Headquarters France
    • www.domusvi.com
  • Euro Media Group

    EMG is the leader in the European audiovisual technical services market. As a technical integrator, EMG deals with the entire production process, handling every aspect from filming to content delivery.

    Business Services
    • Investment date July 2014
    • Fund PAI Europe VI
    • Value at acquisition €170m
    • Headquarters France
    • www.euromediagroup.com
  • Labeyrie Fine Foods

    Labeyrie is a leading gourmet food company with #1 positions in France and UK. The company sells products in several segments such as smoked salmon & fish, prawns and shellfish, foie gras, spreadables and blinis.

    Food & Consumer
  • VPS

    VPS is the leader in the European vacant property services market providing a full suite of specialist solutions across the vacant property lifecycle.

    Business Services
    • Investment date July 2014
    • Fund PAI Europe VI
    • Value at acquisition £161m
    • Headquarters United Kingdom
    • www.vpspecialists.co.uk
  • Froneri

    Froneri is the #3 worlwide ice cream player, and the result of a joint-venture between R&R ice cream owned by PAI Partners and the Ice Cream division of Nestlé.

    Food & Consumer
    • Investment date July 2013
    • Fund PAI Europe V
    • Value at acquisition €929m
    • Headquarters United Kingdom
    • www.froneri.com
  • ADB Safegate

    ADB Safegate is the world leader in airfield ground lighting and docking guidance systems with installed products in over 2,000 airports in 175+ countries

    General Industrials
    • Exit date October 2017
    • Investment date May 2013
    • Fund PAI Europe V
    • Value at acquisition €208m
    • Value at exit €910m
    • Headquarters Belgium
    • www.adbsafegate.com
  • IPH

    Industrial Parts Holding (IPH) is a leading European B2B distributor of industrial supplies across Germany, Benelux and France, where it occupies the #1 market position.

    #3 in Europe Business Services
    • Exit date September 2017
    • Investment date February 2013
    • Fund PAI Europe V
    • Value at acquisition €465m
    • Value at exit €1,250m
    • Headquarters France
    • www.group-iph.com
  • Marcolin

    Marcolin is a world leader in the branded eyewear sector with a portfolio comprising 16 market-leading brands and a distribution network spanning more than 80 countries.

    Food & Consumer
    • Investment date December 2012
    • Fund PAI Europe V
    • Value at acquisition €282m
    • Headquarters Italy
    • www.marcolin.com
  • Kiloutou

    Kiloutou is the number two equipment rental company in France operating over 280 outlets, with a large product offering focused on light equipment.

    Business Services
    • Exit date February 2018
    • Investment date June 2011
    • Fund PAI Europe V
    • Value at acquisition €535m
    • Headquarters France
    • www.kiloutou.fr
  • Nuance

    The Nuance Group is a leading player in the global travel retail and duty-free industry with over 90% of sales coming from the airport retail channel.

    Retail & Distribution
    • Exit date September 2014
    • Investment date February 2011
    • Fund PAI Europe V
    • Value at acquisition CHF 676m
    • Value at exit CHF 1,556m
    • Headquarters Switzerland
    • www.thenuancegroup.com
  • Swissport

    Swissport is the world's number one provider of ground and cargo handling services operating in 255 airports across 44 countries.

    Business Services
    • Exit date February 2016
    • Investment date February 2011
    • Fund PAI Europe V
    • Value at acquisition CHF 1,195m
    • Value at exit CHF 3,070m
    • Headquarters Switzerland
    • www.swissport.com
  • Hunkemöller

    Hunkemöller is a vertically integrated women's lingerie retailer which has a very strong number one position in Benelux and is the largest lingerie specialist in Germany.

    Retail & Distribution
    • Exit date February 2016
    • Investment date January 2011
    • Fund PAI Europe V
    • Value at acquisition €265m
    • Value at exit €441m
    • Headquarters The Netherlands
    • www.hunkemoller.com
  • Cerba Healthcare

    Cerba is a leading operator of clinical pathology laboratories in Europe with a number one position in France and strong market positions in Belgium, Luxembourg and Africa.

    Healthcare
    • Exit date April 2017
    • Investment date July 2010
    • Fund PAI Europe V
    • Value at acquisition €551m
    • Value at exit €1822m
    • Headquarters France
    • www.cerbahealthcare.com
  • Xella

    Xella is a world leader in wall-building materials and a leading European producer of lime and premium dry lining.

    General Industrials
    • Exit date December 2016
    • Investment date August 2008
    • Fund PAI Europe V
    • Value at acquisition €1,628m
    • Headquarters Germany
    • www.xella.com
  • Atos

    Atos is one of Europe's largest IT services companies with revenues of €8.7 billion and close to 80,000 employees across 42 countries.

    Business Services
    • Exit date February 2015
    • Investment date July 2008
    • Fund PAI Europe V
    • Value at acquisition €2,830m
    • Value at exit €6,523m
    • Headquarters France
    • www.atos.net
  • Kaufman & Broad

    Kaufman & Broad is a leading French developer and builder of homes and apartments, focused on middle-end to high-end construction.

    Food & Consumer
    • Exit date May 2017
    • Investment date July 2007
    • Fund PAI Europe IV
    • Value at acquisition €1,455m
    • Headquarters France
    • www.ketb.com
  • Monier

    Monier is the world's number one supplier of pitched roofing products.

    General Industrials
    • Exit date July 2009
    • Investment date February 2007
    • Fund PAI Europe IV
    • Value at acquisition €2,270m
    • Value at exit -
    • Headquarters France
    • www.monier.com
  • United Biscuits

    United Biscuits ("UB") is a leading European manufacturer and marketer of biscuits, snacks and nut products including major brands such as McVitie's Digestive, Penguin, Jaffa Cakes, Go Ahead! KP, Hula Hoops, Skips, BN, Verkade and Delacre.

    Food & Consumer
    • Exit date November 2014
    • Investment date December 2006
    • Fund PAI Europe III
    • Value at acquisition €1,657m
    • Value at exit €2,636m
    • Headquarters United Kingdom
    • www.biscuits.com
  • Spie

    Spie is the second largest provider of multi-technical contracting services in France providing electrical, heating ventilation and air conditioning servicing and mechanical engineering to a wide range of end markets.

    Business Services
    • Exit date August 2011
    • Investment date July 2006
    • Fund PAI Europe IV
    • Value at acquisition €980m
    • Value at exit €2,100m
    • Headquarters France
    • www.spie.com
  • Perstorp

    Headquartered in Sweden, Perstorp is a world leader in the production of specialty chemical additives notably for the coatings and resin industries.

    General Industrials
    • Investment date December 2005
    • Fund PAI Europe IV
    • Value at acquisition SEK 9,185m
    • Headquarters Sweden
    • www.perstorp.com
  • Global Closure Systems

    Headquartered in St Cloud, Global Closure Systems is one of the largest worldwide designers and manufacturers of plastic closures for fast moving consumer goods.

    General Industrials
    • Exit date March 2016
    • Investment date October 2005
    • Fund PAI Europe IV
    • Value at acquisition €583m
    • Value at exit €713m
    • Headquarters France
    • www.gsc.com
  • Tendam

    Tendam is the #2 specialist apparel retailer in Spain with 10 394 employees and 2000 outlets.

    Retail & Distribution
    • Investment date September 2017
    • Fund PAI Europe VI
    • Value at acquisition €1,452m
    • Headquarters Spain
    • http://www.tendam.es/
  • Kwik-Fit

    Kwik-Fit is the European market leader in automotive fast-fit services enjoying leading market positions in the UK, the Netherlands and France.

    Retail & Distribution
    • Exit date June 2011
    • Investment date August 2005
    • Fund PAI Europe IV
    • Value at acquisition €779m
    • Value at exit €852m
    • Headquarters United Kingdom
  • Chr.Hansen

    Chr. Hansen is a global supplier of bioscience based ingredients to the food, health and animal nutrition industries. The company has leadership positions in cultures, dairy enzymes and natural colours.

    Food & Consumer
    • Exit date April 2012
    • Investment date July 2005
    • Fund PAI Europe IV
    • Value at acquisition €1,100m
    • Value at exit €2,494m
    • Headquarters Denmark
    • www.chr-hansen.com
  • FTE Automotive

    FTE Automotive is the world leader in hydraulic clutch actuation systems for light vehicles.

    General Industrials
    • Exit date July 2013
    • Investment date May 2005
    • Fund PAI Europe III
    • Value at acquisition €368m
    • Value at exit €387m
    • Headquarters Germany
    • www.fte.de
  • Gruppo Coin

    Gruppo Coin is the leading Italian apparel retailer operating c. 800 stores in Italy and 90 overseas. The company employs 9,500 people.

    Retail & Distribution
    • Exit date July 2011
    • Investment date May 2005
    • Fund PAI Europe III
    • Value at acquisition €642m
    • Value at exit €1,426m
    • Headquarters Italy
    • www.gruppocoin.it
  • Saur

    Saur is a leading French player in water and outsourced waste management services for local authorities and industrial customers.

    Business Services
    • Exit date April 2007
    • Investment date February 2005
    • Fund PAI Europe III
    • Value at acquisition €977m
    • Value at exit €2,254m
    • Headquarters France
    • www.saur.com
  • CEP

    Compagnie Européenne de Prévoyance (CEP) is the French leader in the loan insurance brokerage market.

    Business Services
    • Exit date June 2011
    • Investment date January 2005
    • Fund PAI Europe III
    • Value at acquisition €185m
    • Value at exit €842m
    • Headquarters France
  • Vivarte

    Vivarte is the #1 footwear and apparel retailer in France operating over 3,300 stores with a portfolio of well-known brands.

    Retail & Distribution
    • Exit date March 2007
    • Investment date April 2004
    • Fund PAI Europe III
    • Value at acquisition €1,477m
    • Value at exit €3,461m
    • Headquarters France
    • www.vivarte.com
  • Saeco

    Saeco is the worldwide leader in the design, manufacture and distribution of high-end, "bean-to-cup" espresso coffee machines for home and professional use, both under its own brands (Saeco, Gaggia and Spidem) and on behalf of third party brands.

    Food & Consumer
    • Exit date July 2009
    • Investment date March 2004
    • Fund PAI Europe III
    • Value at acquisition €814m
    • Value at exit €200m
    • Headquarters Italy
    • www.saeco.com
  • Provimi

    Provimi is a leading international developer, manufacturer and distributor of animal nutrition products.

    Food & Consumer
    • Exit date April 2007
    • Investment date November 2002
    • Fund PAI Europe III
    • Value at acquisition €900m
    • Value at exit €1,217m
    • Headquarters The Netherlands
  • Elis

    Elis is Europe's largest provider of textile rental and "well-being" services.

    Business Services
    • Exit date October 2007
    • Investment date October 2002
    • Fund PAI Europe III
    • Value at acquisition €1,500m
    • Value at exit €2,280m
    • Headquarters France
    • www.elis.com
  • Panzani-Lustucru

    Panzani-Lustucru resulted from the merger in 2002 of Panzani, the French market leader in the dry pasta, couscous and pasta sauces market and Lustucru, the leader in French fresh pasta and rice under the Lustucru and Taureau Ailé brands.

    Food & Consumer
    • Exit date April 2005
    • Investment date September 2002
    • Fund PAI Europe III
    • Value at acquisition €509m
    • Value at exit €639m
    • Headquarters France
    • www.panzani.com
  • Yoplait

    Yoplait is the number two global fresh dairy products brand and one of the top 20 global consumer brands with over €4bn of retail sales.

    Food & Consumer
    • Exit date July 2011
    • Investment date June 2002
    • Fund PAI Europe III
    • Value at acquisition €358m
    • Value at exit €1,600m
    • Headquarters France
    • www.yoplait.com
  • Mivisa

    Mivisa is the #1 metal packaging manufacturer for food in Spain and the #3 in Europe.

    General Industrials
    • Exit date March 2005
    • Investment date December 2001
    • Fund PAI Europe III
    • Value at acquisition €279m
    • Value at exit €527m
    • Headquarters Spain
    • www.mivisa.com
  • United Biscuits

    UB is the number two manufacturer and marketer of biscuits in Europe with a number one position in the UK market and strong positions in France and the Benelux.

    Food & Consumer
    • Exit date December 2006
    • Investment date June 2001
    • Fund PAI Europe III
    • Value at acquisition GBP 1,191m
    • Value at exit GBP 2,237m
    • Headquarters United Kingdom
    • www.biscuits.com
  • Antargaz

    Antargaz is the #2 distributor of liquefied petroleum gas "LPG" in cylinders and bulk in France.

    General Industrials
    • Exit date March 2004
    • Investment date April 2002
    • Fund PAI Europe III
    • Value at acquisition €519m
    • Value at exit €655m
    • Headquarters France
    • www.antargaz.com
  • Michel Thierry

    Automotive textile manufacturer.

    General Industrials
    • Exit date January 2006
    • Investment date March 2000
    • Fund PAI LBO Fund
    • Value at acquisition €266m
    • Value at exit €273m
    • Headquarters France
  • Frans Bonhomme

    Distribution of plastic tubing.

    Retail & Distribution
    • Exit date September 2003
    • Investment date January 2000
    • Fund PAI LBO Fund
    • Value at acquisition €389m
    • Value at exit €520m
    • Headquarters France
    • www.fransbonhomme.fr
  • Ceva

    Animal health products.

    Healthcare
    • Exit date September 2003
    • Investment date October 1999
    • Fund PAI LBO Fund
    • Value at acquisition €71m
    • Value at exit €202m
    • Headquarters France
    • www.ceva.com/en/
  • Homann

    Fresh mixed salad.

    Food & Consumer
    • Exit date November 2004
    • Investment date August 1999
    • Fund PAI LBO Fund
    • Value at acquisition €53m
    • Value at exit €160m
    • Headquarters Germany
    • www.homann.de
  • Stoeffler

    Chilled prepared meals & specialty ready meals.

    Food & Consumer
    • Exit date February 2008
    • Investment date January 1999
    • Fund PAI LBO Fund
    • Value at acquisition €50m
    • Value at exit €24m
    • Headquarters France
    • www.stoeffler.com
  • IPC Media

    Publishing.

    Other
    • Exit date October 2001
    • Investment date January 1999
    • Fund PAI LBO Fund
    • Value at acquisition £862m
    • Value at exit £1,100m
    • Headquarters United Kingdom
  • Ipsen

    Pharmaceutical laboratory.

    Healthcare
    • Exit date June 2006
    • Investment date December 1998
    • Fund PAI LBO Fund
    • Value at acquisition €1,285m
    • Value at exit €2,125m
    • Headquarters France
    • www.ipsen.com
  • Gerflor

    PVC flooring.

    General Industrials
    • Exit date November 2006
    • Investment date September 1998
    • Fund PAI LBO Fund
    • Value at acquisition €267m
    • Value at exit €315m
    • Headquarters France
    • www.gerflor.com
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