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Co-InvestmentCurium
France
Healthcare & life scienceHealthcare & life scienceCurium is a global leader in nuclear medicine, with fully integrated operations spanning the development, production and delivery of diagnostic and therapeutic radiopharmaceuticals used to detect and treat cancer and other serious diseases.
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ExpansionFermax
Spain
Technology, Media and TelecomTechnology, Media and TelecomFermax is a leading global company specialised in the design, manufacturing, and commercialisation of video door entry systems, access control, and connected home solutions. Founded in 1949 and headquartered in Valencia (Spain), the company leads the digital transformation of buildings by delivering solutions that combine technology, design, and connectivity. With a turnover exceeding €90 million in 2025 and a team of over 550 employees—including 75 engineers dedicated to R&D—its innovations are present in more than 85 countries, where professionals and users trust the brand’s quality and reliability.
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Co-InvestmentGutor
Switzerland
Business servicesBusiness servicesGutor is a leading global supplier of uninterruptible power supply systems (“UPS”) for critical infrastructure such as Liquefied Natural Gas ("LNG") terminals or nuclear and power generation plants, with an installed base of ~35k units. Gutor sells bespoke UPS solutions and then provides associated long-term and captive maintenance on 100% of its installed base.
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GrowthIVB Wellness Lab
Spain
E-commerceE-commerceIVB Wellness Lab is a Spanish company specializing in the research, development and distribution of science backed dietary supplements. Founded in 2021 and based in Valencia, the company differentiates through rigorous ingredient sourcing and a unique approach including clinical oversight, to offer advanced formulations for everyday health. Initially launched as a digital first D2C (direct-to-consumer) brand, IVB has built an engaged community and now operates through an omnichannel model, partnering closely with pharmacies and healthcare professionals. Its mission driven approach and focus on innovation position IVB as a fast growing player in the European wellness landscape.
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Real Estate717 Fifth Avenue
USA
Mixed-useMixed-useThe property, located at 715-717 Fifth Avenue in New York City, is an exceptional location on one of the world’s most iconic avenues. It comprises multi-level luxury retail spaces totaling approximately 115,000 sq. ft (10,700 sq. m.). Ardian now owns 60% in this unique prime real estate portfolio.
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Real EstatePallars
Spain
ResidentialResidentialArdian and Rockfield have acquired Aparto Pallars, a 750-bed residence located in the 22@ innovation district. The asset, spread across five interconnected buildings and operational since 2022, enjoys a strategic location near several higher education institutions, including Pompeu Fabra University and Toulouse Business School. This marks the PBSA’s strategy third acquisition in Spain and consolidates the partnership’s presence as one the leading investors in the region. Leveraging our capabilities to deliver multiple typologies and more affordable price points across two state-of-the-art projects, we are able to meet diverse student needs while strengthening our presence as one of the leading investors in the region.
Deal team