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.