Advent International

  • Overview

Global enterprise

When founder Peter A. Brooke launched Advent International in 1984, he wasted no time in expanding this Boston-based company into a global enterprise.  From opening the first Southeast Asian venture capital firm to pioneering the world's first global private equity fund, Advent International's worldwide reach has only expanded.  Today, Advent International has 15 offices throughout Western and Central Europe, North America, Latin America and Asia and employs some 300 investment professionals of 23 different nationalities.  In about 25 years of business, Advent has completed 200 buyouts and private equity transactions worth $36 billion in 35 countries.

Middle of the road

Advent invests in middle-market companies in five core sectors: business and financial services; retail and consumer; health care; technology, media and telecom; and industrial.  In North America and Europe, the typical Advent investment is from $20 million to $200 million; in Central Europe and Latin America, the average outlay is on the smaller end of the range, between $20 million and $60 million.  Advent also manages venture capital funds focused on startup to revenue-stage companies, primarily in North America.  The firm's venture investments usually run from $5 million to $20 million.

Well-decorated

Advent International's attention to the details of private equity has not gone unnoticed by the private equity community.  The company received a slew of international and domestic awards during 2007 and 2008.  In the 2008 Buyout Awards, Advent took home the honor of European Deal of the Year for organizing the sale of Parques Reunidos to Candover.  Private Equity News gave the firm accolades for its German office, awarding Advent the 2008 German Private Equity Firm of the Year recognition.  The newspaper also short-listed Advent for European Mid-Market House of the Year, European Exit of the Year (for its work on the sale of Gruppo Argenta to Cognetas and Investitori Associati) and Central & Eastern Europe Firm of the Year.

Staying active

The difficult market in early 2008 did not stop Advent International from continuing on a buying spree.  The company made some domestic acquisitions, including taking a majority stake in Bradco Supply Corp., a formerly family-owned business that supplies roofing materials to more than 25,000 customers in the United States.  In March 2008, Advent acquired Budapest-based pharmaceutical company LaborMed, adding one more notch to its long history of lucrative pharmaceutical investments, which include the Argentinean firm Fada Pharma and the Romanian company Terapia.  The company also expanded its coverage in the health care sector in July 2008 when it acquired the United Kingdom's largest independent provider of specialist care for adults, Craegmoor Healthcare Group.

Cross-continental sale

Advent was also involved in another high-profile deal in 2008 when it sold Italian-based travel firm Venere.com to Expedia.com.  The price of the deal was not disclosed but earlier in that year, TheDeal.com reported that Advent was seeking $300 million to $350 million for Venere.  During the time period that Advent owned Venere, it had added approximately 14,300 European hotels and bed and breakfasts to its network, making it an attractive buy for U.S.- based Expedia.



Advent International


75 State Street
Boston, MA 02109
Phone: (617) 951-9400
Fax: (617) 951-0566
www.adventinternational.com

STATS


  • Employer Type: Private
  • Chairman: Peter A. Brooke
  • 2008 Employees: 280

Major Office Locations

  • Buenos Aires, Argentina
  • Sao Paulo, Brazil
  • Menlo Park, CA
  • Boston, MA
  • Kuala Lampur, Malaysia
  • Mexico City, Mexico
  • Manila, Philippines
  • Warsaw, Poland
  • Bucharest, Romania
  • Singapore, Singapore
  • Bangkok, Thailand
  • London, United Kingdom
  • Paris, France
  • Frankfurt, Germany
  • Hong Kong, Hong Kong
  • Jakarta , Indonesia
  • Milan, Italy
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