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    We create long-term value with strategic, operational transformations

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    Our industry insiders transform businesses that drive the real economy 

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Investing in the real economy. Forging real partnerships.
Generating real, enduring performance.

€7.1bn

Raised for our latest Flagship Fund

07

Offices globally

€25bn

Assets under management






We are a leading private equity firm with a global network that enables us to transform traditional companies into innovative, high performing, strategic global players.

Explore about us

We create value in the
real economy

We forge strategic partnerships with global companies, founders and families, with a particular focus on four key sectors.

See our investments

Food & Consumer

Food & Consumer

We generate compelling investment returns by identifying growth opportunities, both organic and through industrial consolidation, in attractive subsectors.

We generate compelling investment returns by identifying growth opportunities, both organic and through industrial consolidation, in attractive subsectors. We have a proven track record of revitalising underinvested brands and driving market share through product innovation and efficient brand support.

See our case studies
Food & Consumer
Business Services

Business Services

We invest in business services companies where structural tailwinds create defensive, high-quality growth.

We invest in business services companies where structural tailwinds create defensive, high-quality growth.

These tailwinds include rising regulatory complexity, growing demand for specialist expertise and digital transformation. We focus on leading platforms with differentiated client and talent propositions, where PAI can accelerate value creation through investment, professionalisation and consolidation.

See our case studies
Business Services
Industrial Goods & Services

Industrial Goods & Services

In Industrials, we acquire leading companies in specific sub-sectors, such as building materials, packaging, transportation and industrial services.

In Industrials, we acquire leading companies in specific sub-sectors, such as building materials, packaging, transportation and industrial services.

We transform these businesses into stronger, faster growth and more sustainable market leaders. Our approach is grounded in a tailored transformation playbook, refined through years of investment experience. We typically focus on accelerating product and process innovation, advancing front- and back-office digitisation, implementing operational excellence programmes and pursuing targeted strategic M&A.

See our case studies
Industrial Goods & Services
Healthcare

Healthcare

We identify companies that can benefit from industry trends, such as enhanced consumer choice and information availability.

We identify companies that can benefit from industry trends, such as enhanced consumer choice and information availability. This drives value creation through capacity expansion, consolidation and service improvement in healthcare services, pharma and medtech.

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Healthcare

Our funds & investors

Over time, we have developed a large and diversified investor base. We pride ourselves on having experience across the spectrum of flagship and mid-market private equity funds, covering Large-Cap and Mid-Cap Funds.

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We believe in the power of
real partnerships

Froneri

Creating the leading global ice-cream consolidator through a transformational partnership with Nestlé.

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Apleona

Developing the leading European provider of integrated facility management.

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Amplitude Surgical

Building a European MedTech leader in lower-limb orthopaedics through innovation.

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M Group Services

Building one of the UK’s leading essential infrastructure services providers.

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ELITechGroup

Creating a global leader in targeted segments of the in vitro diagnostics industry, with particular focus on molecular diagnostics.

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Asmodee

Building an innovative and global content group with a unique presence in board games.

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See all case studies

Connecting

Meet our people

Powered by our people’s expertise, knowledge and networks, we build lasting partnerships that deliver long-term value and returns for our portfolio companies and investors.
Learn more about our people

Latest news

PAI Partners to acquire a majority stake in Arlettie

Arlettie is a leading international B2B inventory management specialist for luxury brands. Through its omnichannel platform, combining physical showrooms with a global online offering, the company helps luxury brands manage structural legacy stock effectively while preserving exclusivity, confidentiality and brand equity.

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PAI Partners and EQT Agree to Sell World Freight Company

Under PAI and EQT ownership, WFC has developed into a truly scaled global platform with differentiated digital and operational capabilities. The company has completed more than 20 acquisitions, further expanded its international network and accelerated the digitalisation of its commercial and operational processes.

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PAI Partners and Fondo Italiano d’Investimento sign partnership agreement to support the next phase of growth for Mecaer Aviation Group

Mecaer Aviation Group is a leading international provider of aircraft systems and services for the helicopter, business aviation and general aviation markets.

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PAI Partners enters into an agreement for the sale of Uvesco

Under PAI ownership, Uvesco evolved from a strong local operator into a nationwide grocer, with a growing presence in Northern Spain and Madrid, and continued market share gains. The company increased revenues by more than a third and expanded its footprint with 50 stores.

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2025: Progress with purpose in the real economy

Progress is driven by people and partnerships. As we approach the end of 2025, we are proud of the progress we have made across our investments, our teams and our wider responsibilities.

Learn more

PAI Partners acquires Innovad Group

Innovad is a leading supplier of animal health and nutrition solutions, offering a wide range of specialty additives mainly for the poultry, ruminant and swine species. The Group’s diversified portfolio of products focuses on high-value applications that support a range of health outcomes.

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PAI Partners enters into exclusive negotiations to acquire Cyrus

Cyrus is a leading independent wealth management brand in France. It is a fast-growing platform, with over €20 billion in assets under management and an expanding customer base of more than 30,000 institutional and private clients.

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PAI Partners completes a €3.6 billion equity transaction to reinvest into Froneri, including significant co-investment from ADIA and new single-asset continuation vehicle led by Goldman Sachs Alternatives

Froneri has been transformed from a predominantly European, private-label producer into a brand-led, global business with €5.5bn in revenue.

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PAI Partners to acquire Orion

Orion is a leading Italian provider of environmental monitoring services, operating across four verticals: water, air quality, emissions control, and technical asset optimisation. The company helps organisations monitor and improve their environmental performance to meet evolving ESG requirements.

Read more

VSP Vision enters into definitive agreement to acquire Marcolin from PAI Partners and other minority shareholders

Marcolin is a global leader in eyewear design, manufacturing and distribution.

Read more

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© PAI 2026 | PAI Partners 2019 | PAI SAS: Registered in France No. 904 479 649, PAI SAS is a fund management company approved and regulated by the AMF in France (approval number GP-20240001). PAI Partners S.à r.l. : Registered in Luxembourg No. B136689. PAI Partners S.à r.l. is a fund management company approved and regulated by the CSSF in Luxembourg (approval number N. A00000625). PAI Partners (UK) Limited: Registered in the United Kingdom No 04015677. PAI Partners (UK) Limited is a financial advisory company approved and regulated by the FCA in the United Kingdom (approval number 984663). PAI and PAI Partners are registered trademarks.

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