PAI Partners and ADIA Acquire Majority Stake in Alvest
January 31, 2025
PAI Partners, together with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), has acquired a majority stake in Alvest, the global leader in airport Ground Support Equipment (GSE). Ardian retains a minority stake alongside the company's founders and management; the investment will support Alvest's expansion, accelerate the transition to electric GSE and grow its product and service offering worldwide.
- Buyers
- PAI Partners, Abu Dhabi Investment Authority (ADIA)
- Targets
- Alvest
- Sellers
- CDPQ, Sagard
- Industry
- Aerospace & Defense
- Location
- France
- Transaction Type
- Buyout
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