Advent International related stories
All articles and analysis
Advent partner joins THL IR teamBeverly Berman, formerly a partner on Advent International’s IR team, has been hired as a director at Thomas H. Lee Partners.
- Advent signs up Old Navy head
The former president of Gap-owned US apparel company Old Navy, Jenny Ming, has joined the global buyout firm as an operating partner. She will focus on apparel retail companies such as existing Advent portfolio companies Gérard Darel and lululemon athletica.
- Advent closes ¥60bn Japan fund
The global buyout group is having a week of firsts, having closed what it says is the first industrially-focused, mid-market Japanese private equity fund raised by an international firm just a day after making its maiden investment in the Dominican Republic.
- North Bridge invests $30m in online marketing firm
The Boston-based growth equity firm, headed by two former Advent International executives, has invested in Leapfrog from its debut $545m fund.
- Advent to hive off Experian payment business
The global buyout group is in exclusive talks with credit checking giant Experian to buy its French electronic payments business, in a week in which the firm has already executed two Latin American deals and a Japanese fund close.
- First Reserve seeds nuclear venture
In a bid to consolidate the industry at the start of a ‘nuclear fuel cycle’, the US energy industry specialist has recruited two veterans of nuclear power to form Accord Nuclear Resources, a platform from which to build an integrated nuclear fuel supplier.
- CVC launches financial services deal team
The UK-headquartered private equity firm will grow a niche team in the UK, US and Asia as it looks to capture some of the financial sector’s global GDP share.
- Advent takes 38% secondary stake in party company
The global private equity firm has purchased a minority stake in Amscan Holdings from private equity firms Berkshire Partners and Weston Presidio as well as management, all of which remain shareholders.
- 3i to buy Spanish and Portuguese funeral chain
Madrid-based infrastructure and real estate developer Accion is selling a 75 percent stake in its funeral services company, valuing the business at €330m.
- Cinven’s Munton takes a step back
After nearly 30 years in the buyout industry, one of Cinven’s founding partners is scaling back his time commitment to the firm as it prepares to raise between €8bn and €10bn for its fifth fund. Cinven is also reportedly among the bidders for Anglo-Dutch media group Reed Elsevier, expected to fetch roughly £1bn.