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Private equityFirmbuyout · probableupper middle market

PAI Partners

Private Equity

Paris

We create long-term value in the real economy by transforming market-leading companies into innovative and high-performing global players.

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Search this name across graphsid dfx:pe:9af2f54c-830f-41e0-bf1c-29c8933bea2d

Data as of Sep 14, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures, news and newswire. Page built Sep 19, 2026, 7:01 PM UTC and rebuilt at most every 15 minutes.

Relationships: 71
Dated events: 40
On other graphs: 3
Observed: Sep 13, 2026 to Sep 14, 2026
39 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Venture Capitalidentity

PAI Partners

Venture manager · cited, shared crd

Private Equityidentity

PAI Partners

Private equity manager · cited, shared crd

Allocatorsidentity

PAI Partners

Manager with allocator commitments · cited, shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Funds: 28
PE funds: 28
Vintages: 2021 to 2024
PE GAV, 2024 filing: $14Bgross asset value on Form ADV; never dry powder
Investments: 13
Active investments: 9
Size band: UPPER MIDDLE MARKETderivedproxy: $14.14bn Private Equity Fund GAV on the Form ADV filed 2024-02-23
Stated sectors: business_services,industrials,healthcare,consumer,food_beverage,industrial_services,transportation_logistics,building_products,packaging,energy,environmental_services
Stated control: control,majority
Latest ADV filing: Feb 23, 2024
Website: paipartners.com

Funds

Fund	Vintage	Lifecycle	ADV type	Form D sold	GAV
PAI Partners Viii-2 Scsp	2024	Unknown	Private Equity Fund	n/a	$333,315
Savory Co-Invest Scsp	2024	Unknown	Private Equity Fund	n/a	$142M
ECG 3 Co-Invest Scsp	2024	Unknown	Private Equity Fund	n/a	$71.8M
Alphia Co-Invest Scsp	2024	Unknown	Private Equity Fund	n/a	$356M
Vesuvio Co-Invest Scsp	2024	Unknown	Private Equity Fund	n/a	$52.0M
Refresco 2 Co-Invest Scsp	2023	Early deployment	Private Equity Fund	n/a	$316M
Theramex Co-Invest Scsp	2023	Early deployment	Private Equity Fund	n/a	$90.5M
Uvesco Co-Invest Scsp	2023	Early deployment	Private Equity Fund	n/a	$96.7M
Veonet Co-Invest Scsp	2023	Early deployment	Private Equity Fund	n/a	$317M
Bengal Co-Invest Scsp	2022	Early deployment	Private Equity Fund	n/a	$978M
Angulas Co-Invest Scsp	2022	Unknown	Private Equity Fund	n/a	$43.0M
Apleona Co-Invest Scsp	2022	Early deployment	Private Equity Fund	n/a	$953M
PAI Partners Viii-1 Scsp	2022	Unknown	Private Equity Fund	n/a	$2.5M
Pasubio Co-Invest Scsp	2022	Early deployment	Private Equity Fund	n/a	$29.2M
PAI Partners Viii-1 Global Scsp	2022	Unknown	Private Equity Fund	n/a	$1.1M
PAI Mid-Market Fund Scsp	2021	Active deployment	Private Equity Fund	n/a	$492M
Refresco Co-Invest Scsp	n/a	Harvest	Private Equity Fund	n/a	$105M
PAI Europe VI - 1 Scsp	n/a	Harvest	Private Equity Fund	n/a	$1.6B
Stensmolla Scsp	n/a	Harvest	Private Equity Fund	n/a	$19.2M
PAI Europe VI 2 Scsp	n/a	Harvest	Private Equity Fund	n/a	$347M
Cortefiel Co-Invest Scsp	n/a	Active deployment	Private Equity Fund	n/a	$203M
PAI Europe VII 1 Scsp	n/a	Active deployment	Private Equity Fund	n/a	$3.8B
PAI Liberty VII Scsp	n/a	Active deployment	Private Equity Fund	n/a	$99.0M
Roompot Co-Invest Scsp	n/a	Wound down	Private Equity Fund	n/a	$100M
Albea Co-Invest Scsp	n/a	Mature	Private Equity Fund	n/a	$286M

Investments

Company	State	Role	Control	Invested	Exited	Status
Cyrus	n/a	unknown	unknown	Jan 1, 2026	Oct 22, 2025	exited
Arlettie	n/a	unknown	unknown	Jan 1, 2026	Jun 3, 2026	exited
Innovad Group	n/a	unknown	unknown	Jan 1, 2026	Dec 8, 2025	exited
orion	n/a	unknown	unknown	Jan 1, 2025	n/a	active
Froneri	n/a	unknown	unknown	Jan 1, 2025	n/a	active
Alvest	n/a	unknown	unknown	Jan 1, 2025	n/a	active
Nuzoa	n/a	unknown	unknown	Jan 1, 2025	n/a	active
Motel One	n/a	unknown	unknown	Jan 1, 2025	n/a	active
Vitrea	n/a	unknown	unknown	n/a	n/a	active
Uvesco	n/a	unknown	unknown	n/a	n/a	active
Apleona	n/a	unknown	unknown	n/a	n/a	active
Amplitude Surgical	n/a	unknown	unknown	n/a	n/a	active
Marcolin	n/a	unknown	unknown	n/a	Sep 5, 2025	exited

Relationships

Invested in (14)

→ Azets GroupCompanyplatform
Jun 19, 2023 to presentfactNews and newswire
→ CyrusCompanyunknown
Jan 1, 2026 to presentfactThe subject's own site, News and newswire
→ Innovad GroupCompanyunknown
Jan 1, 2026 to presentfactThe subject's own site, News and newswire
→ ArlettieCompanyunknown
Jan 1, 2026 to presentfactThe subject's own site, News and newswire
→ MarcolinCompanyunknown
factNews and newswire
→ ALVESTCompanyunknown
Jan 1, 2025 to presentfactThe subject's own site
→ Motel OneCompanyunknown
Jan 1, 2025 to presentfactThe subject's own site
→ VITREACompanyunknown
factThe subject's own site
→ UvescoCompanyunknown
factThe subject's own site
→ ApleonaCompanyunknown
factThe subject's own site
→ Amplitude SurgicalCompanyunknown
factThe subject's own site
→ orionCompanyunknown
Jan 1, 2025 to presentfactThe subject's own site
→ FroneriCompanyunknown
Jan 1, 2025 to presentfactThe subject's own site
→ NuzoaCompanyunknown
Jan 1, 2025 to presentfactThe subject's own site

Employs (19)

→ Colm O’SullivanPersona Partner
factNews and newswire
→ Guillaume LeblancPersonPartner
factNews and newswire
→ Raffaele Robert VitalePersonShareholder
Sep 1, 2002 to presentfactForm ADV, News and newswire
→ Ana AliyariPersonManaging Director
factThe subject's own site
→ Edouard ArfiPersonHead of Group Accounting
factThe subject's own site
→ Hedi Ait-MoussaPersonInvestment Officer
factThe subject's own site
→ Emir AlhussniPersonInvestment Officer
factThe subject's own site
→ Lydwine Antoinette Camille AlexandrePersonCfo
factThe subject's own site
→ Vijay AnanthulaPersonInvestment Associate
factThe subject's own site
→ Eric Rene Marcel DenelPersonChief Compliance Officer And Conducting Officer
Feb 1, 2019 to presentfactForm ADV
→ David Jacques J RichyPersonMember Of The Board Of Managers
Jun 1, 2014 to presentfactForm ADV
→ Vincent Patrick CharuelPersonMember Of The Board Of Managers
Feb 1, 2017 to presentfactForm ADV
→ Frederic SteveninPersonMember Of The Board Of Managers
May 1, 2022 to presentfactForm ADV
→ Fabrice Andre Paul FouletierPersonMember Of The Board Of Managers
May 1, 2022 to presentfactForm ADV
→ Stefano Nmn DragoPersonShareholder
Apr 1, 2021 to presentfactForm ADV
→ Mateo PanikerPersonShareholder
Apr 1, 2021 to presentfactForm ADV
→ Michel ParisPersonMember Of The Board Of Managers
Jan 1, 2007 to Mar 30, 2023inferenceForm ADV
→ Patrick Louis Marie MouterdePersonMember Of The Board Of Managers
Oct 1, 2006 to Mar 30, 2023inferenceForm ADV
→ Philipp MeyerPersonShareholder
Mar 1, 2022 to Feb 23, 2024inferenceForm ADV

Firm member (1)

→ PAI PartnersFirmAnchor adviser
factDFX's own graph

Manages (28)

→ Vesuvio Co-Invest ScspFundPrivate Equity Fund
Feb 23, 2024 to presentfactForm ADV
→ ECG 3 Co-Invest ScspFundPrivate Equity Fund
Feb 23, 2024 to presentfactForm ADV
→ PAI Partners Viii-2 ScspFundPrivate Equity Fund
Feb 23, 2024 to presentfactForm ADV
→ Alphia Co-Invest ScspFundPrivate Equity Fund
Feb 23, 2024 to presentfactForm ADV
→ Areas Co-Invest ScspFundPrivate Equity Fund
Mar 16, 2020 to presentfactForm ADV
→ Atos Medical Co-Invest ScspFundPrivate Equity Fund
Mar 16, 2020 to presentfactForm ADV
→ Albea Co-Invest ScspFundPrivate Equity Fund
Mar 16, 2020 to presentfactForm ADV
→ Cortefiel Co-Invest ScspFundPrivate Equity Fund
Mar 16, 2020 to presentfactForm ADV
→ Stensmolla ScspFundPrivate Equity Fund
Mar 16, 2020 to presentfactForm ADV
→ PAI Europe VI - 1 ScspFundPrivate Equity Fund
Mar 16, 2020 to presentfactForm ADV
→ Refresco Co-Invest ScspFundPrivate Equity Fund
Mar 16, 2020 to presentfactForm ADV
→ Strategic Partnerships ScspFundPrivate Equity Fund
Mar 16, 2020 to presentfactForm ADV
→ Roompot Co-Invest ScspFundPrivate Equity Fund
Mar 16, 2020 to presentfactForm ADV
→ PAI Europe VII 1 ScspFundPrivate Equity Fund
Mar 16, 2020 to presentfactForm ADV
→ PAI Liberty VII ScspFundPrivate Equity Fund
Mar 16, 2020 to presentfactForm ADV
→ PAI Europe VI 2 ScspFundPrivate Equity Fund
Mar 16, 2020 to presentfactForm ADV
→ PAI Mid-Market Fund ScspFundPrivate Equity Fund
Mar 19, 2021 to presentfactForm ADV
→ Angulas Co-Invest ScspFundPrivate Equity Fund
Mar 30, 2022 to presentfactForm ADV
→ Pasubio Co-Invest ScspFundPrivate Equity Fund
Mar 30, 2022 to presentfactForm ADV
→ Apleona Co-Invest ScspFundPrivate Equity Fund
Mar 30, 2022 to presentfactForm ADV
→ Bengal Co-Invest ScspFundPrivate Equity Fund
Mar 30, 2022 to presentfactForm ADV
→ PAI Partners Viii-1 Global ScspFundPrivate Equity Fund
Mar 30, 2022 to presentfactForm ADV
→ PAI Partners Viii-1 ScspFundPrivate Equity Fund
Mar 30, 2022 to presentfactForm ADV
→ Refresco 2 Co-Invest ScspFundPrivate Equity Fund
Mar 30, 2023 to presentfactForm ADV
→ Theramex Co-Invest ScspFundPrivate Equity Fund
Mar 30, 2023 to presentfactForm ADV
→ Veonet Co-Invest ScspFundPrivate Equity Fund
Mar 30, 2023 to presentfactForm ADV
→ Uvesco Co-Invest ScspFundPrivate Equity Fund
Mar 30, 2023 to presentfactForm ADV
→ Savory Co-Invest ScspFundPrivate Equity Fund
Feb 23, 2024 to presentfactForm ADV

Owns (5)

← PAI PartnersFirmShareholder
Feb 1, 2008 to presentfactForm ADV
← PAI Partners Mmf Holding S.À R.L.FirmShareholder
Jan 1, 2022 to presentfactForm ADV
← S.a.r.i.2.FirmShareholder
Mar 1, 2022 to presentfactForm ADV
← Elilani S.R.L.FirmShareholder
Sep 1, 2002 to presentfactForm ADV
← Unalivia 2017 SlFirmShareholder
Mar 1, 2017 to presentfactForm ADV

Dated events

25 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Jun 3, 2026
Exit
PAI Partners to acquire a majority stake in Arlettie
Arlettie News and newswireobserved 5 days ago
Occurred
Jun 3, 2026
Transaction announced
PAI Partners to acquire a majority stake in Arlettie
News and newswireobserved 5 days ago
Occurred
Dec 8, 2025
Exit
PAI Partners acquires Innovad Group
Innovad Group News and newswireobserved 5 days ago
Occurred
Dec 8, 2025
Transaction announced
PAI Partners acquires Innovad Group
News and newswireobserved 5 days ago
Occurred
Oct 22, 2025
Exit
PAI Partners enters into exclusive negotiations to acquire Cyrus
Cyrus News and newswireobserved 5 days ago
Occurred
Oct 22, 2025
Transaction announced
PAI Partners enters into exclusive negotiations to acquire Cyrus
News and newswireobserved 5 days ago
Occurred
Sep 5, 2025
Exit
VSP Vision enters into definitive agreement to acquire Marcolin from PAI Partners and other minority shareholders
Marcolin News and newswireobserved 5 days ago
Occurred
Sep 5, 2025
Transaction announced
VSP Vision enters into definitive agreement to acquire Marcolin from PAI Partners and other minority shareholders
News and newswireobserved 5 days ago
Occurred
Feb 23, 2024
Person left
Philipp Meyer (Shareholder) no longer on Schedule A of PAI Partners
Form ADVobserved 5 days ago
Occurred
Mar 30, 2023
Person left
Patrick Louis Marie Mouterde (Member Of The Board Of Managers) no longer on Schedule A of PAI Partners
Form ADVobserved 5 days ago
Occurred
Mar 30, 2023
Person left
Michel Maurice Paris (Member Of The Board Of Managers) no longer on Schedule A of PAI Partners
Form ADVobserved 5 days ago
Occurred
May 1, 2022
Person joined
Fabrice Andre Paul Fouletier joined Schedule A of PAI Partners as Member Of The Board Of Managers
Form ADVobserved 5 days ago
Occurred
May 1, 2022
Person joined
Frederic Jacques Marie Paul Stevenin joined Schedule A of PAI Partners as Member Of The Board Of Managers
Form ADVobserved 5 days ago
Occurred
Mar 1, 2022
Person joined
Philipp Meyer joined Schedule A of PAI Partners as Shareholder
Form ADVobserved 5 days ago
Occurred
Apr 1, 2021
Person joined
Stefano Nmn Drago joined Schedule A of PAI Partners as Shareholder
Form ADVobserved 5 days ago

Show 25 bookkeeping events

First seen by DFX
Sep 13, 2026
date not stated
PAI Partners acquires Innovad Group
First seen by DFX
Sep 13, 2026
date not stated
PAI Partners to acquire a majority stake in Arlettie
First seen by DFX
Sep 13, 2026
date not stated
PAI Partners and Fondo Italiano d’Investimento sign partnership agreement to support the next phase of growth for Mecaer Aviation Group
First seen by DFX
Sep 13, 2026
date not stated
PAI Partners enters into an agreement for the sale of Uvesco
First seen by DFX
Sep 13, 2026
date not stated
PAI Partners enters into exclusive negotiations to acquire Cyrus
First seen by DFX
Sep 13, 2026
date not stated
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
First seen by DFX
Sep 13, 2026
date not stated
PAI Partners to acquire Orion
First seen by DFX
Sep 13, 2026
date not stated
VSP Vision enters into definitive agreement to acquire Marcolin from PAI Partners and other minority shareholders
Occurred
Mar 27, 2026
PAI Partners: Private Equity Funds on Form ADV 26 (2024 extract) -> 35 (roster 2026-09-01)
Occurred
Feb 23, 2024
Alphia Co-Invest Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $355,597,250
Occurred
Feb 23, 2024
PAI Partners Viii-2 Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $333,315
Occurred
Feb 23, 2024
Savory Co-Invest Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $142,252,577
Occurred
Feb 23, 2024
ECG 3 Co-Invest Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $71,809,017
Occurred
Feb 23, 2024
Fund 805-7808368816 no longer reported on Form ADV by PAI Partners
Occurred
Feb 23, 2024
Vesuvio Co-Invest Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $52,037,256
Occurred
Mar 30, 2023
Refresco 2 Co-Invest Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $270,428,150
Occurred
Mar 30, 2023
Theramex Co-Invest Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $70,875,932
Occurred
Mar 30, 2023
Veonet Co-Invest Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $286,548,937
Occurred
Mar 30, 2023
Uvesco Co-Invest Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $83,046,878
Occurred
Mar 30, 2022
PAI Partners Viii-1 Global Scsp first reported on Form ADV by PAI Partners (Private Equity Fund)
Occurred
Mar 30, 2022
PAI Partners Viii-1 Scsp first reported on Form ADV by PAI Partners (Private Equity Fund)
Occurred
Mar 30, 2022
Apleona Co-Invest Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $482,505,070
Occurred
Mar 30, 2022
Bengal Co-Invest Scsp first reported on Form ADV by PAI Partners (Private Equity Fund)
Occurred
Mar 30, 2022
Angulas Co-Invest Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $50,348,332
Occurred
Mar 30, 2022
Pasubio Co-Invest Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $23,022,274

Who to call

the organisation, the role and the published line, with the filing or website that published it; revealed to signed-in accounts

The firm's published line

Revealable: 1 business phone (Form ADV), 1 office address (Form ADV), 1 website (Form ADV) · as of 2026-09-13

Ana Aliyari
Managing Director · Revealable: 1 professional profile (firm website)
Edouard Arfi
Head of Group Accounting · Revealable: 1 professional profile (firm website)
Hedi Ait-Moussa
Investment Officer · Revealable: 1 professional profile (firm website)
Emir Alhussni
Investment Officer · Revealable: 1 professional profile (firm website)
Lydwine Antoinette Camille Alexandre
CFO · Revealable: 1 professional profile (firm website)
Vijay Ananthula
Investment Associate · Revealable: 1 professional profile (firm website)

Also named here, with no published line of their own (reach them through the firm): Colm O’Sullivan (a Partner), Guillaume Leblanc (Partner), Raffaele Robert Vitale (Shareholder), Eric Rene Marcel Denel (Chief Compliance Officer And Conducting Officer), David Jacques J Richy (Member Of The Board Of Managers), Vincent Patrick Charuel (Member Of The Board Of Managers), Frederic Stevenin (Member Of The Board Of Managers), Fabrice Andre Paul Fouletier (Member Of The Board Of Managers), Stefano Nmn Drago (Shareholder), Mateo Paniker (Shareholder).

Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan

Provenance

Graph: Private Equity
Canonical id: dfx:pe:9af2f54c-830f-41e0-bf1c-29c8933bea2d
First observed: Sep 13, 2026
Last observed: Sep 14, 2026 5 days ago
Source families: Federal regulator filings, Firm and issuer disclosures, News and newswire
4 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.