PAI Partners to Acquire Orion (Italy) from Xenon Private Equity

PAI Partners Acquires Apleona from EQT for ~€1.6bn

December 6, 2020

Industrial Services

PAI Partners has agreed to acquire Apleona Group GmbH from EQT (EQT VII) for approximately EUR 1.6 billion. Apleona, headquartered in Neu-Isenburg, Germany, is a leading European technical and integrated facility management provider with more than 20,000 employees and a strong position in the DACH region; PAI said it will pursue further consolidation and growth both organically and via M&A.

Olympus Partners Acquires PAI Pharma

February 24, 2025

Pharmaceuticals

Olympus Partners has acquired PAI Pharma, a leading U.S. developer, manufacturer and distributor of generic oral liquid medicines. The platform was previously owned by Enhanced Healthcare Partners and Bourne Partners Strategic Capital; terms were not disclosed and Monroe Capital provided senior financing for the deal.

Ardian Acquires Stake in Groupe Orion

June 11, 2024

Wealth Management

Ardian has acquired a stake in France-based wealth manager Groupe Orion alongside founders Manuel Parent and Emmanuel Angelier, with Siparex ETI selling its entire holding. The investment will support Groupe Orion’s growth and consolidation strategy, accelerate product and digital development (including its Canopia solution), and back further organic and external growth initiatives.

Bain Capital Acquires Apleona from PAI Partners

February 14, 2025

Real Estate

Bain Capital, through a consortium led by its Europe Private Equity team, has agreed to acquire Apleona, the Neu-Isenburg-based European integrated facility management group, from PAI Partners. The deal will support Apleona's continued growth — including European platform expansion, digital transformation and ESG/decarbonisation capabilities — and is subject to customary closing conditions and regulatory approvals.

American Industrial Partners Invests in Orizon Aerostructures

December 28, 2020

Aerospace & Defense

On December 28, 2020, private equity firm American Industrial Partners (AIP) invested $50 million (a combination of loan and equity) in Orizon Aerostructures to provide additional liquidity and support the company’s growth and long-term strategy. The capital will help Orizon expand capabilities across its advanced machining, processing and assembly operations for commercial and defense aerostructure platforms.

Whitewater Management Acquires Orion Water Solutions

March 3, 2025

Environmental Services

Whitewater Management, a Hillcore Group–owned fluid management company based in Calgary, has acquired Orion Water Solutions, a Permian Basin–based provider of advanced wastewater treatment systems. The deal integrates Orion’s DAF, chlorine dioxide and biological treatment technologies into Whitewater’s service offering to expand capabilities across oil & gas, mining and municipal infrastructure and support North American growth.