Advent International related stories
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Advent merges coffee vending businessesGlobal firm Advent International is continuing with its buy-and-build consolidation of Italy’s coffee-vending operator sector.
- Doughty Hanson timetables first Spanish deal with bus buyout
The European private equity firm has embarked on its first deal in Spain since opening its office in September this year with the acquisition of Avanza, a bus operator.
- Advent takes on Mexican restaurants
The global private equity firm has appointed a new CEO, Javier Gavilan, to lead casual dining restaurant chain Grupo La Mansion as the firm brings its Latin American investments for the year to a total of $900m.
- The Bayer Group to sell metal business for €1.2bn
The Bayer Group will sell H.C. Starck to equal investors Advent International and The Carlyle Group for €1.2 billion, helping to finance the acquisition of pharmaceutical company Schering.
- Forum: Marrying talents within a firm is ‘key challenge’
Combining the differing skillsets of operational and dealmaking executives is the key challenge facing private equity firms in today’s marketplace, argued panellists at the PEI Operating Partners’ Forum.
- Washington State bets big on Advent, Nordic
The Washington State Investment Board re-upped almost $800m to two of its more established fund managers: Advent International and Nordic Capital.
- Party City recap could cancel IPO
Party City’s $2.69bn recapitalisation translates into a 65% stake for THL. Advent International, Berkshire Partners, Weston Presidio and management will retain a 35% stake.
- TPG tables half-billion take-private bid
TPG Capital is on the verge of acquiring GlobeOp Financial Services in a £508m deal, the first take-private of an LSE-listed business this year by a private equity firm.
- GA hires Advent exec for Latin America
The firm has hired former Advent managing director Martin Escobari to head up General Atlantic’s Brazil office and Latin American investing programme.
- Sun Capital promotes five to managing director
The firm, which has closed 31 acquisitions this year, now has 22 managing directors, including 11 on its operations team, nine on its investment team and two responsible for global infrastructure.