We empower businesses to become innovative global players
Where we focus
Food & Consumer
We generate attractive investment returns by identifying opportunities for industrial consolidation and reinvigorating underinvested brands.
We agreed to acquire B&B Hotels in December 2015 and completed the acquisition in March 2016.
Under our ownership, the group grew from a strong local player to an integrated hotel platform operating at a pan-European level.
In the three years of ownership, B&B Hotels achieved exceptional performance. Momentum across the wider hotel industry also sparked strong interest from potential buyers, leading to the sale of the business to Goldman Sachs in July 2019.
Business Services
We capitalise on market trends such as outsourcing, digitalisation and growing professionalisation to target attractive platform companies.
Apleona is a leading European provider of integrated facility management (FM). Its business has evolved to provide high-quality, innovative technical facility management, building services and sustainability solutions to regional and large international customers across the continent, addressing increasing demand for outsourcing, integrated services, energy efficiency and decarbonisation.
We acquired Apleona in April 2021. By accelerating its organic growth, expanding its platform through a series of strategic acquisitions and driving a programme of digitisation, we transformed the company into a leader in decarbonisation and sustainability-related FM services at the time of its sale in June 2025.
Industrial Goods & Services
We use our expertise in specific industrial subsectors – such as building materials, packaging, transportation and industrial services.
ADB Safegate is the world leader in airfield guidance systems.
In May 2013, we positioned ourselves as the most credible buyer of ADB, the then world leader in Airfield Ground Lighting (AGL), through the experience we gained in the airport-related industry with Swissport and The Nuance Group, along with the trusting relationships we were able to create with management.
Following the transformational acquisition of Safegate in 2016 and the extensive integration work supported by the PAI Performance Group, we managed to transition ADB from a lighting product specialist to a full solutions provider. ADB Safegate has become airports’ partner of choice to improve their throughput, thanks to its integrated guiding solutions. This transformation led to an increase in valuation of more than four times at exit in 2017.
Healthcare
We seek to identify companies that stand to benefit from industry trends, such as enhanced consumer choice and information availability.
DomusVi is a major privately-owned French care home operator that offers a full range of services for the elderly. The group is present in all segments of the sector, including medical nursing homes, non-medical nursing homes, residential services and home-care services.
We acquired DomusVi as a primary LBO in September 2014, with the ambition to transform this purely French company into an international player with a diversified revenue stream and a solid operational model. Upon acquisition, DomusVi was the number three private player in the nursing home sector in France. By the time we sold the business in July 2017, it was the third largest provider of senior care in Europe, notably due to rapid expansion into Spain where it became the market leader through the acquisitions of Geriatros and SARquavitae.
