Advent International Buys Xafinity

Advent International has acquired Xafinity, a UK-based pension services and employee benefits company, from Duke Street Capital. No pricing terms were disclosed for the deal, which included leveraged financing from Ares Management, Babson Capital, Bank of Ireland, Barclays, Calyon, Lloyds TSB Corporate Markets and Royal Bank of Scotland. Xafinity reported income of £136 million for the fiscal year ending March 31, 2009.

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