Advent Buys Stake in MAXAM from Vista, Portobello

Private equity firm Advent International has acquired a 49.998% stake in MAXAM from Vista Capital and Portobello Capital. The remaining 50.002% of the company is controlled by MAXAM’s management team. The deal value has not been released. MAXAM develops, manufactures and sells civil explosives and initiation systems for mining, quarries and infrastructure; cartridges, sports ammunition and gunpowder for sports use; and products for the defense industry.

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