PAI Partners to Invest in Apave Group

PAI Partners to Acquire Majority Stake in Infra Group

July 6, 2023

Infrastructure

PAI Partners has agreed to acquire a majority stake in Infra Group, a Belgium-headquartered multi-disciplinary network infrastructure services provider. The investment will make PAI the largest shareholder alongside existing investors ICG, Andera Partners and the management team, and will support Infra Group's growth strategy to accelerate expansion organically and via complementary acquisitions.

Apave Group Acquires IRISNDT from First Reserve

October 23, 2024

Industrial Services

Apave Group has acquired IRISNDT, a non-destructive testing (NDT), inspection and asset integrity engineering services provider, from private equity owner First Reserve. Financial terms were not disclosed; the acquisition expands Apave's global footprint and capabilities across North America, the United Kingdom and Australia while positioning IRISNDT to continue its growth trajectory.

PAI Partners Acquires Majority Stake in Uvesco

December 22, 2021

Retail

PAI Partners, via its PAI Mid-Market Fund, has signed an agreement to acquire a majority stake in Uvesco from the company’s current shareholders. The investment will support Uvesco’s organic store rollout and M&A-driven expansion across Northern Spain and Madrid while keeping the company headquartered in Guipúzcoa.

PAI Partners Agrees to Acquire Majority Stake in ECF Group

June 14, 2023

Logistics & Distribution

PAI Partners has made a binding offer to acquire a majority stake in ECF Group from French private equity firm Naxicap Partners, with Naxicap remaining a minority investor alongside management. ECF is an omnichannel B2B distributor of equipment, consumables and hygiene products for hospitality and care professionals, headquartered in Grigny, France (~1,750 employees, ~€760m revenue); PAI intends to accelerate growth organically and via acquisitions to consolidate the fragmented market.

Apax and Bpifrance Take Minority Stake in Pandat Finance

September 12, 2022

Financial Services

Apax (via its Apax Development fund) and Bpifrance acquired a minority stake in Pandat Finance, the leading French broker for cash investments, while founders David Guyot and Thomas Forest retain control. The investment will support Pandat Finance's growth plans — including hiring ~60 employees, expanding product expertise and opening new offices in France and neighbouring countries.

ProA Capital Acquires 70% Stake in Avioparts

September 7, 2023

Logistics & Distribution

Spanish private equity firm ProA Capital has agreed to acquire roughly 70% of Avioparts, a distributor of aircraft components, lubricants and logistics solutions, in a deal that values the company at about €40 million. The transaction is structured as a share purchase plus a capital increase to support Avioparts’ organic and inorganic growth; founder David Fojon will remain CEO and a minority shareholder.