PAI Partners and ADIA complete acquisition of majority stake in Alvest

09 Jul 2025

PAI Partners, a pre-eminent private equity firm, 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. Ardian retains a minority stake in Alvest, alongside the company’s founders and management team, who are significantly reinvesting as part of the transaction.

With a presence in airports for more than 70 years and headquartered in France, Alvest has grown to be the reference in GSE globally, providing high-performance, innovative and sustainable solutions to the aviation industry. Alvest is a key enabler of a leaner and greener aviation industry by helping airlines, ground handlers and airports reduce their Total Cost of Ownership (TCO) and CO2 emissions.

With more than 4,000 employees and 11 industrial factories worldwide, Alvest serves customers in over 170 countries, offering a broad range of GSE products and services including new equipment sales, integrated maintenance, leasing and decarbonisation solutions.

PAI and ADIA’s investment will support Alvest’s next phase of expansion and innovation, leveraging PAI’s deep expertise in the Industrial Goods & Services sector. The investment will focus on enabling Alvest to accelerate the transition to electric GSE and continue growing its product and service offering, including automated or autonomous units, innovative decarbonisation solutions, resilient servicing activities, fleet management systems and maintenance services.

Contacts

PAI Partners
Dania Saidam
+44 20 7297 4678

Abu Dhabi Investment Authority
Garry Nickson
+971 2 415 6085

About PAI Partners

PAI Partners is a pre-eminent private equity firm investing in market-leading companies across the globe. The Firm has more than €27 billion of assets under management and, since 1994, has completed over 100 investments in 12 countries and realised more than €27 billion in proceeds from over 60 exits. PAI has built an outstanding track record through partnering with ambitious management teams where its unique perspective, unrivalled sector experience, and long-term vision enable companies to pursue their full potential – and push beyond. Learn more about the PAI story, the team and their approach at: www.paipartners.com

About ADIA

Established in 1976, the Abu Dhabi Investment Authority (“ADIA”) is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. For more information: https://www.adia.ae