Articles from Advent International

Advent International, a leading global private equity investor, today announced that it has entered into a definitive agreement to sell Prisma and Newpay, subsidiaries of Group Prisma, a leading Argentine payments company, to Visa (NYSE: V).

Advent International (“Advent”), a leading global private equity investor, today announced the appointment of Christine Dagousset as an Operating Partner. In this role, Dagousset will work closely with Advent’s team and portfolio companies to help drive value creation, accelerate innovation, and support the expansion of Advent’s consumer and luxury platform globally.

Advent International (“Advent”), a leading global private equity investor, today announced that it has signed a definitive agreement to acquire PatientPoint, Inc. (“PatientPoint” or the “Company”), the nation’s largest digital point-of-care network, strategically delivering behavior-changing content and measurable outcomes for patients, providers, and health brands, from an investor group led by L Catterton and Littlejohn & Co., LLC (“Littlejohn”). Terms of the transaction were not disclosed.

Advent International (“Advent”), a leading global private equity investor, today announced the appointment of technology executive Frank Roe as an Operating Partner. Roe will partner closely with Advent and its portfolio companies to help drive operational improvements, scale global go-to-market efforts, and identify new platform and bolt-on acquisition opportunities across high-growth software markets.

Advent International (“Advent”), a leading global private equity investor, today announced it has signed a definitive agreement to acquire majority shareholding in LayerZero Power Systems (“LayerZero” or the “Company”), a leading U.S. manufacturer of static transfer switches (STSs), power distribution units (PDUs), and other power management products for data centers and other mission-critical applications. Upon closing, LayerZero’s founders, Milind Bhanoo and James Galm, will remain minority equity holders in the Company, and Annette Clayton, an Operating Partner at Advent and former CEO of Schneider Electric North America, will serve as Chair of LayerZero, bringing deep operational and data center expertise to the Company’s Board of Directors. Financial terms of the transaction were not disclosed.

Advent International (“Advent”), a leading global private equity investor, today announced the appointment of Seth Farbman as an Operations Advisor focused on marketing. A seasoned marketing leader, Farbman will collaborate closely with Advent’s Portfolio Support Group and leadership teams at companies within the portfolio to translate deep category, consumer, and competitive insights into actionable product, brand, and marketing strategies to drive transformation and growth across Advent’s portfolio.

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of Stephan Scholl as an Operating Partner. Scholl will focus on driving transformational opportunities across sectors. He will work closely with Advent’s team and portfolio companies to identify, source, and execute new deals while supporting value creation initiatives.

Advent International (“Advent”), a leading global private equity investor, today announced that it has signed a definitive agreement to acquire Sauer Brands Inc. (the “Company”), a scaled platform of leading condiments and seasonings brands, from Falfurrias Capital Partners (“Falfurrias”). Terms of the transaction were not disclosed.

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of former Ernst & Young LLP (“EY”) Global Chairman and CEO Carmine Di Sibio as an Operating Partner. Di Sibio will play an active role in helping the firm identify, source and execute new deals in the business and financial services space and will work closely with Advent’s team and current portfolio of investments.

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of Tricia Rothschild as an Operating Partner. Rothschild will play a key role in helping Advent identify and support new investments in wealth and asset management, including related technology and data & analytics.

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of Kahina Van Dyke as an Operating Partner. Van Dyke will play a key role in further building out Advent’s fintech franchise, working collaboratively with the firm’s Technology and Business & Financial Services teams to identify new opportunities and support the management teams of its relevant portfolio companies.

Advent International (“Advent”), one of the largest and most experienced global private equity investors, and Warburg Pincus, a leading global growth investor, today announced the completion of their previously announced acquisition of Baxter International Inc.’s (NYSE:BAX) BioPharma Solutions (BPS) business. The business will now be a standalone contract development and manufacturing organization (CDMO) operating under the name Simtra BioPharma Solutions (“Simtra”) and will continue to offer customers the same solutions and capabilities to help ensure supply of critical pharmaceutical products worldwide. Under the terms of the definitive agreement, Baxter received $4.25 billion in cash, subject to certain closing adjustments.

Baxter International Inc. (NYSE:BAX), a leading global medtech company, today announced that it has signed a definitive agreement to divest its BioPharma Solutions (“BPS”) business to Advent International (“Advent”), one of the largest and most experienced global private equity investors, and Warburg Pincus, a leading global growth investor.

Advent International (“Advent” or the “firm”), one of the largest and most experienced global private equity investors, today announced that Sunley House, the firm’s global investment platform focused on public and select private opportunities, has changed its name to Advent Global Opportunities, better reflecting the platform’s integration and partnership with Advent.

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of seasoned biopharma executive James (“Jim”) Mullen as an Operating Partner. Mullen will play a key role in further building out Advent’s pharmaceutical and pharma services platform, working with the firm’s healthcare investment team and the management teams of its portfolio companies.

HYPR, the Passwordless Company, today announced a $25 million Series C1 led by Advent International through Advent Tech, the firm’s dedicated global technology fund. The investment brings HYPR’s total funds raised to $97 million and includes participation from existing investors including .406 Ventures, RRE Ventures, Top Tier Capital, and Comcast Ventures. The new injection of capital will be used to expand HYPR’s go-to-market strategy and R&D efforts and to accelerate its mission Fix the Way the World Logs In.

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of Heather Kennedy Miner as Managing Director. Ms. Miner will assume the role of Chief Operating Officer effective January 1, 2023, with responsibility for driving Advent’s operations globally, including executing the firm’s strategic growth initiatives, overseeing marketing and communications, and delivering on talent development priorities.

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointments of Shar Dubey and Mandy Ginsberg as Operating Partners. Dubey and Ginsberg will play key roles in further building out Advent’s consumer technology practice and work collaboratively with the firm’s consumer and technology investment teams and the management teams of its portfolio companies.

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of Amanda McGrady Morrison as Managing Director. Ms. Morrison will assume the roles of General Counsel and Chief Legal Officer, effective at year end. She will succeed James Westra, who has served as Managing Partner and Chief Legal Officer for Advent since 2011 and will retire at the conclusion of 2022.

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of Susan Gentile as Chief Financial Officer and Managing Director, effective October 1st. Ms. Gentile will succeed Eileen Sivolella, who has served in the role since 2009 and will assume the role of strategic advisor on an interim basis to provide continuity and ensure a seamless transition.

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced that it has completed fundraising for its flagship fund, Advent International GPE X (“GPE X” or the “Fund”). The Fund reached its hard cap of $25 billion (€22.1 billion) in commitments after less than six months in the market.

Advent International (“Advent”), today announced it has signed a definitive agreement to acquire a significant stake in Imperial Dade (the “Company”), the leading distributor in North America of foodservice packaging and janitorial supplies, from Bain Capital Private Equity (“Bain Capital”). Bain Capital, which first invested in Imperial Dade in 2019, and Advent will have joint Board governance. Imperial Dade will continue under the leadership of Robert and Jason Tillis, Chairman and CEO respectively, who remain significant investors in the business alongside the current management team. Financial terms of the private transaction were not disclosed.

Advent International, one of the largest and most experienced global private equity investors, today announced that it has completed fundraising for Advent Global Technology II (“Advent Tech II”), its second dedicated technology fund. Advent Tech II exceeded its target of $3 billion by 33% and reached its hard cap of $4 billion after six months in the market.

Less than five months after closing its Series A round, Merama, the leading acquirer and builder of direct-to-consumer businesses in Latin America, has raised an additional US$225 million in Series B funding at a valuation of approximately US$850 million. The all-equity round was co-led by Advent International (“Advent”) and SoftBank Group (“SoftBank”), two of the world’s largest private equity firms, and is the largest Series B round ever raised in Latin America.1

Advent International (“Advent”), one of the largest and most experienced global private equity investors, has entered into an agreement to sell Distribution International Inc. (“DI”), North America’s leading mechanical insulation distributor, to TopBuild Corp. (NYSE:BLD) in an all-cash transaction valued at $1.0 billion. TopBuild, a leading installer and distributor of insulation and building material products to the U.S. construction industry, expects to fund the acquisition using a combination of debt financing and cash on hand.

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the signing of a definitive agreement with Shiseido Americas Corporation (“Shiseido Americas”), a subsidiary of Shiseido Company, Limited (“Shiseido”), under which a newly formed affiliate of Advent, AI Beauty Holdings Ltd., will acquire three of Shiseido Americas’ iconic cosmetics brands, bareMinerals, BUXOM, and Laura Mercier. Terms of the transaction were not disclosed.