A&O Shearman advises PAI Partners on the financing of its acquisition in Alvest Group

The cross-border financing package for the acquisition comprised both euro (EUR540 million) and U.S. dollar (EUR240m-equivalent) term loan tranches and a EUR125m multicurrency revolving credit facility.

PAI’s investment will support Alvest’s next phase of expansion and innovation, enabling Alvest to accelerate the transition to electric GSE and continue to grow the product and service offering.

Headquartered in France, Alvest has more than 3,500 employees worldwide, a global proprietary sales and after-sales network, and ten industrial factories in the U.S., Canada, France, Belgium, UK, India, and China, which together serve customers in over 167 countries and provide associated services in more than 250 airports.

The sponsor-side leveraged finance team advising PAI on the financing for this acquisition was led by partner Adam Zecharia, together with senior associate Tiffany Liow, and associates Bonnie Kwok and Talisha Ariarasa. The financing team in France was led by finance partner Thomas Roy and associate Antoine Duez.