Reuters – Advent Opens Office in China
Private equity firm Advent International has opened its first office in China to take advantage of investment opportunities in the country, Reuters wrote. Advent, founded in 1984, previously operated in China through an affiliate. It does not currently have direct investments in China, but some of the companies it backs, such as Spanish explosives maker MAXAM, have operations there. The decision to open a Shanghai office follows a review of the Boston-based firm's operations, which led to the closure of offices in Milan and Istanbul last month, an Advent spokeswoman said. Advent already has an office in India.
10 April 2013•2 mins read
