Advent International, a global private equity firm, has merged its portfolio firm Argenta Group, an Italian vending-machine services company, with rival Cafebon.
The value of the transaction has not been disclosed.
Cafebon operates under a number of brands, including Cantel Refresh, Coffee Break and Bon Service and is the fifth strategic merger by Argenta since Advent made its investment in June 2005.
Argenta’s previous mergers are Dolomitica, L’Automatica, Dap Sirmad and Cemar.
The transaction is typical of Advent International’s approach in consolidating sectors – backing high-growth companies as a platform for expansion.