Advent International related stories
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Advent pays $561m for stake in credit card processing businessThe Boston-based firm has purchased a 51% stake in Fifth Third Bancorp’s financial institutions processing business as it continues to build its pay processing platform.
- USS to replace chief investment officer
Peter Moon will retire next year from the UK’s University Superannuation Scheme, an influential limited partner in private equity, infrastructure and real estate funds.
- Consolidation of CEE healthcare continues
Iberian mid-market firm GED has acquired medical equipment supplier Diamedix for €12m, with more than half the money set aside for bolt-on acquisitions. Two further acquisitions are targeted in the next three months.
- Texas ERS to allocate $1bn to private equity this year
The pension is committed to building its fledgling private equity portfolio and forecasts meeting its targeted 8% allocation to the asset class by 2013, with commitments totaling $3.8bn.
- Element Partners closes $486m Fund II
The cleantech-focused DFJ affiliate has closed its second fund slightly shy of its $500m hard cap. The fund's first investment was made last year in Quench USA, the largest marketer and distributor of bottle-less water coolers in the US.
- And the winner is ...
CVC, Hellman & Friedman, Welsh Carson, Advent and Actis are among the industry veterans to have won awards in the highly regarded Private Equity International Awards 2008.
- SEAVI Advent closes Fund V on $178m
The fifth fund raised by Advent's Asian affiliate fell short of its $200m target but is more than double the size of its predecessor.
- Advent promotes 18
The global private equity firm has promoted a slew of executives, including founders of its Mexico City and Sao Paolo offices to managing partners.
- Last round: You’ve chosen the finalists, now choose the winners
The final voting round is open for the Private Equity International Awards. Will Apax again be voted European LBO firm of the year? Is the best North American LP still Yale? Can Advent again take the honours in Latin America? Might Abraaj be displaced as best Middle Eastern firm? Influence all these races and more by voting now.
- Pantheon expands UK secondaries team
The private equity fund of funds has hired former Unigestion secondaries executive Francesco di Valmarana amid increasing activity in the global secondaries market. The appointment brings the number of Pantheon's European secondaries team members to 25.