Business · Companies · 1 hr ago
PAI Partners prepares possible sale of Áreas after record results
Áreas runs food and drink outlets for travelers at airports, train stations and highway service areas.
The Barcelona-based company operates more than 2,200 sites in 12 countries and is a leading operator in several markets.
French investment firm PAI Partners bought Áreas in 2019 and is now preparing for a possible exit.
PAI and Áreas managers are meeting investment banks to choose an adviser to help find a new investor.
Áreas reported more than €3 billion in sales and over €320 million in EBITDA in its 2025/26 financial year, both record figures for the company.
Its long-term operating concessions and revenue linked to traveler numbers may attract infrastructure investors, although it does not own the airports or roads where it operates.
PAI is expected to decide in January whether to start a sale process, which could begin next year if economic conditions allow.
PAI Partners is preparing for a possible sale of its investment in Áreas after the Spanish travel-food operator reported record results.
PAI and some members of Áreas’ management are meeting investment banks to choose a financial adviser.
A decision on whether to start a sale process is expected in January, with a possible launch early next year if economic conditions allow.
The process would seek a new shareholder to support Áreas’ next phase of growth.
Áreas reported net sales above €3 billion and adjusted EBITDA above €350 million in its latest fiscal year.
- Who
- PAI Partners and some members of Áreas’ management are preparing for a possible sale.
- What
- They are seeking an investment bank to advise on finding a new shareholder for Áreas.
- When
- A decision on whether to activate a sale process is expected in January. A process could launch early next year.
- Where
- Áreas operates in 12 countries across Europe and the Americas.
- Why
- PAI has completed its investment cycle, and Áreas has reported record results. The company is seeking a shareholder to support its next phase of growth.
This story does not have two clearly opposing sides.
PAI Partners acquired Áreas.
Áreas’ latest fiscal year ended, with record results, according to the article.
A decision on whether to activate a sale process is expected.
A sale process could be launched, if economic conditions allow.
- Latest fiscal year sales
- More than €3 billion
- Latest fiscal year adjusted EBITDA
- More than €350 million
- Operations
- More than 2,200 locations in 12 countries
- Global sector ranking
- Third-largest operator
- Headquarters
- Barcelona
Sources
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