Froneri has been transformed from a predominantly European, private-label producer into a brand-led, global business with €5.5bn in revenue. Going forward, Froneri has an opportunity to further build on this by leveraging its value-creation playbook, focusing on organic growth, operational efficiency and market consolidation.

Orion is a leading Italian provider of environmental monitoring services, operating across four verticals: water, air quality, emissions control, and technical asset optimisation. The company helps organisations monitor and improve their environmental performance to meet evolving ESG requirements.

Marcolin is a global leader in eyewear design, manufacturing and distribution. Under PAI’s ownership, Marcolin’s performance has advanced significantly, supported by a strong focus on commercial excellence, a strategic corporate reorganisation, enhanced operational efficiency, broadened international reach and an expanded brand portfolio.

PAI, together with a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”), have completed the acquisition of a majority stake in Alvest, the world leader in airport Ground Support Equipment (“GSE”) full-lifecycle solutions.

The validation of PAI’s emissions reduction targets by the Science Based Targets initiative (SBTi) follows the firm’s commitment to decarbonise both at the GP and portfolio level, and to achieve 42% of invested capital aligned to science-based targets (SBTs) by 2029 and 100% by 2040.

Nuzoa is the leading distributor of animal health products and services in Iberia. The company provides vets, farmers and pet stores with a suite of products and services including pharmaceutical products, equipment, consumables, pet food and accessories, and digital and laboratory services.