PAI Partners to acquire a majority stake in Alvest from Ardian.

PAI Partners, a private equity firm, agreed to acquire a majority stake in Alvest, a provider of products and services in the aviation and airport ground support solutions, from Ardian, a private investment house. Financial terms were not disclosed. “The whole Alvest Management Committee is very pleased that investors of the calibre of PAI are partnering with us, and that Ardian will continue to support us in our development. This vote of confidence continues to support our development ambitions, which remain focused around the quality of our products and services, as well as the satisfaction of our customers. We thank CDPQ and Sagard for the valued relationship and contribution to the strong development of Alvest over the past years,” Valentin Schmitt, Alvest CEO.