Advent Buys Into LatAm Securities Depository

Advent International has acquired a 30% stake in CETIP SA-Balcão Organizado de Ativos e Derivativos, a central depository for private fixed-income securities and over-the-counter (OTC) derivatives in Latin America. The deal is valued at approximately R$360 million (US$170.6 million), subject to an earn-out achievement and other conditions.

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