Advent International Corporation
Advent International is a privately-held American venture capital and private equity firm. Headquartered in Boston's financial district, Advent is one of the world’s largest private equity firm, with 14 offices throughout Western and Central Europe, North America, Latin America, and Asia.
Advent focuses on buyouts of companies in Western and Central Europe, North America, Latin America and Asia, in 5 core sectors: business and financial services; healthcare; industrial; retail, consumer, and leisure; and technology, media, and telecom.
The firm was founded in 1978, when it became independent from its parent company, Tucker, Anthony & RL Day Inc, now part of Royal Bank of Canada's Wealth Management division.
In 1984, Peter Brooke founded Advent International. Brooke retired as CEO of Advent in 1996,ref co-founding BPEA Private Equity (formerly known as "Brooke Private Equity Associates") in 2002,ref with his son John joining in 2003.ref Brooke Private Equity Associates Management LLC, Website.arch
Company
Ownership
Portfolio Companies
Current
- Nov.2017: Williams Lea Group Ltd, carve-out from HMSO. Advent International to acquire Williams Lea Tag from Deutsche Post DHL Group.ref See also Privatisation_Policy#The_Stationery_Office and Electra_Private_Equity_plc#Historic. Williams Lea Group Ltd, t/a "Williams Lea Tag", is a global company that offers business process outsourcing and marketing supply chain services to large companies. Website
- Aug.2016: inVentiv Group Holdings: a 50% stake was purchased from Thomas H Lee Partners LP.ref
Historic
- Mar.2011-Feb.2016: Priory Group: Advent International bought the Priory Group from the Royal Bank of Scotland. In Apr.2011, Priory acquired Craegmoor, another specialised care services provider owned by Advent. Advent financed Priory in making 8 further tuck-in acquisitions to solidify the company’s market position. Advent also enabled Priory's entry into the private pay market. In Feb.2016, Advent sold Priory to Acadia Healthcare Company Inc.ref
- Apr.2010-Feb.2017: DFS Furniture plc
- 1997: Elior Group SA, Holding de Restauration Concédée.