A private equity firm or private equity company (often described as a financial sponsor ) is an investment management company that provides financial backing and makes investments in the private equity of a startup or of an existing operating company with the end goal to make a profit on its investments. The target companies are generally privately owned entities (not publicly listed ), but it seldomly happens that private equity firms purchase the majority of a publicly listed company and delists the firm after the purchase.
31-817: Advent International Corporation is an American global private equity firm focused on buyouts of companies in Western and Central Europe , North America , Latin America and Asia . The firm focuses on international buyouts, growth and strategic restructuring in five core sectors. Since its inception in 1984, Advent has invested $ 56 billion in private equity capital and, through its buyout programs, has completed more than 375 transactions in 42 countries. Advent operates from 14 offices in 11 countries, with affiliates in additional countries, employs over 240 investment professionals, and has around $ 92 billion in assets under management as of 2023. In June 2024, Advent
62-509: A $ 2.35 billion transaction. The transaction represented one of the largest private equity transactions completed in 2009, amidst the Financial crisis of 2007–2010 . The deal was completed in June 2009. In November 2009, it announced a public tender offer to acquire 100% of Wydawnictwa Szkolne i Pedagogiczne S.A. (WSiP), the largest Polish educational publisher. In April 2010, it took over
93-739: A 48% minority stake in lululemon athletica. Advent bought a majority ownership of Bradco Supply , a leading distributor of building products in 2008. It has acquired a number of companies in Central and Eastern Europe through its dedicated regional funds. These include Romanian Ceramica IASI, one of Romania’s leading ceramic bricks and clay roof tiles producers, Bolix, a leading Polish producer of construction chemicals, Dufa Deutek, Romania’s largest decorative paints producer, and LaborMed Pharma, which manufactures and distributes generic pharmaceuticals primarily for cardiovascular and central nervous system ailments. In 2007, its Asia affiliate Seavi Advent led
124-415: A Bellevue-based company, for an undisclosed amount. Between 2016 and 2018, it acquired business-to-business distributors of industrial supplies Brammer and IPH Group to create Rubix . In February 2017, it announced that it would partner with CCC Information Services as their sole equity partner, buying out Leonard Green & Partners and TPG Capital . On May 31, 2017, Advent and Bpifrance completed
155-686: A company and then look to maximize the value of that investment. Strategies include leveraged buyout (with borrowed capital), venture capital (for start ups), and growth capital (mature companies). Private equity firms generally receive a return on investment through one of the following avenues: Private equity firms characteristically make longer-hold investments in target industry sectors or specific investment areas where they have expertise. Private equity firms and funds differ from hedge fund firms which typically make shorter-term investments in securities and other more liquid assets within an industry sector, with less direct influence or control over
186-652: A large range of sectors, including but not limited to business services, retail, technology, healthcare, consumer and logistics. In 1984, SEAVI Advent raised its first fund, focusing on venture capital and technology transfer in Singapore and Malaysia. Since then, SEAVI Advent is managing its sixth fund, focusing on growth stage investments and pre-IPO and middle market buyouts in China, Hong Kong, Singapore, Indonesia and other South East Asian markets. According to Preqin, SEAVI Advent Equity IV, SEAVI Advent's fourth fund
217-452: A private equity firm will raise funds from large institutional investors, family offices and others pools of capital (eg also other private-equity funds ) which supply the equity . The money raised, often pooled into a fund, will be invested in accordance with one or more specific investment strategies including leveraged buyout , venture capital , and growth capital . Although the industry has developed and matured substantially since it
248-478: A regional chain of quick-service restaurants based in Charlotte , North Carolina . As of October 1, 2013, Advent had reached agreement with Vista Equity Partners to acquire P2 Energy Solutions . On August 7, 2014, lululemon athletica inc. and Wilson facilitated Advent's re-engagement in lululemon by selling 13.85% ownership in the company to Advent for approximately $ 845 million. The transaction received
279-518: A strong presence and substantial investments in Greater China. Previous projects in China include investments such as Yangzijiang Shipbuilding, Sinofriends (also known as ZhenAi Wang) and Weimob . Formed by Advent International, Orange Nassau , International Finance Corporation and DBS Bank in 1984, SEAVI Advent was founded by Peter Brooke, who has previously also founded TA Associates and Advent International. Since then, SEAVI Advent
310-745: Is managed by Tan Keng Boon and Derrick Lee, its two founding managing partners. First established in Singapore, SEAVI Advent has expanded in Asia, with offices in Singapore, Hong Kong and Shanghai. As of 2020, SEAVI Advent has taken more than 41 portfolio companies public on seven Asian stock exchanges, including Singapore, Hong Kong , Indonesia and Shenzhen, as well as the New York Stock Exchange . Previous investments include significant minority equity investments, minority or majority recapitalizations, mezzanine financing , leveraged transaction and management buyouts. The company invests in
341-564: Is ranked fourth in the top-performing ASEAN-based private equity funds of all vintages, with a net IRR of 29.9%. SEAVI Advent was one of the investors that teamed-up with Li & Fung Ltd , one of Asia’s most successful trading and logistics companies, through Li & Fung (Distribution) Ltd. SEAVI Advent completed a complex transaction involving the purchase of the Asia Pacific marketing, distributing and warehouse businesses of Inchcape Plc for US$ 220 million. In 2006, SEAVI Advent led
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#1732780806013372-572: Is the first private equity and venture capital firm in Southeast Asia . Since its founding in 1984 by Peter Brooke , the firm has invested over US$ 800 million into more than 120 Asian companies. SEAVI Advent operates from three offices and is the Asia affiliate of Advent International , with an established long-term strategic partnership with Advent International in the Greater China region. Since 1996, SEAVI Advent has
403-520: The UK government approved Advent's £4 billion takeover of defense supplier Cobham Plc . On July 24, 2019, the firm announced the 165p in cash for each Cobham shares, takeover of the firm. On September 16, 2019, at a shareholders' meeting in London, the proposed takeover deal was approved with 93% voting in favor of the deal, surpassing the requisite 75% votes. The takeover was controversial, with opponents of
434-592: The acquisition of Safran Identity & Security (Morpho, now renamed IDEMIA ), after receiving clearance from antitrust and regulatory authorities. " Didier Lamouche was appointed President of the Executive Board and Marwan Lahoud Chairman of the Supervisory Board of OT-MORPHO. This acquisition raised a series of concerns: In October 2018, Advent acquired the pharmaceutical company Zentiva , previously owned by Sanofi. On December 20, 2019,
465-722: The cable industry. It acquired the British variety store chain Poundland in 2002, and has investments in the Fat Face clothing brand and extended warranty firm Domestic & General . In 2004, Advent-owned fund Viva Ventures bought the Bulgarian state-owned telecoms monopoly Bulgarian Telecommunications Company (now Vivacom ). The company was sold to AIG in 2007. In 2005, founder of lululemon athletica Chip Wilson partnered with Advent and Highland Capital Partners to sell
496-656: The company DFS in the United Kingdom. In August 2010, Advent International was credited with spawning the takeover of Mexicana Airlines by an outside investor group. Advent International has no equity investment stakes in the takeover according to published sources. In 2011, it acquired Mondo Minerals , the second largest global talc producer and British mental health care provider, Priory Group , best known for providing mental health treatments to celebrities such as Eric Clapton and Johnny Depp . In August 2011, it acquired Bojangles' Famous Chicken 'n Biscuits ,
527-465: The deal, such as the former First Sea Lord and Royal Navy chief Admiral Lord West of Spithead expressing fears. The founding family of Cobham were also vocal opponents of the takeover. These oppositions for the takeover triggered an investigation by the Competition & Markets Authority , on the national security implications of the transaction, which led to the delay in the regulatory approval of
558-479: The deal. The company is following up its $ 3.3 billion acquisition of Evonik Industries's plastics division. On March 5, 2021, Advent completed the acquisition of Global Connect business ( NielsenIQ , the former ACNielsen) of Nielsen Holdings . On December 16, 2022, the geospatial intelligence company Maxar Technologies announced it had been acquired by Advent International for $ 6.4 billion. Private equity firm To complete its investments,
589-539: The firm raised an additional €1 billion for investments in central Europe. In March 2016, Advent raised its eighth global private equity fund with $ 13 billion of investor commitments. Advent began to invest in Poland in 1995. In total, they have made 13 investments in Poland across multiple sectors, including construction materials, food and beverages, financial services, rail equipment, construction chemicals and
620-492: The firm raised the $ 225 million International Network Fund, its first institutional private equity fund. The firm raised its first European fund in 1989, with the $ 231 million European Special Situations Fund and opened its London office. Advent continued its expansion in the 1990s, opening offices in Frankfurt and Milan and merging with UK-based Trinity Capital Partners. In 1994, Advent completed fundraising for
651-564: The first of its flagship series of funds, Advent Global Private Equity (GPE) II, with $ 415 million. In 1996, Advent expanded into Latin America raising a dedicated Advent Latin American Private Equity Fund and opening offices in Buenos Aires , Mexico City , and São Paulo . Advent crossed the billion dollar mark in 1997, with the raising of the $ 1.2 billion Advent Global Private Equity (GPE) III, and in
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#1732780806013682-485: The full support of the lululemon Board of Directors and changes the board dynamic. Advent Managing Partner David M. Mussafer and Managing Director Steven J. Collins will be appointed to lululemon's Board of Directors, expanding the Board from 10 to 12 members. Mr. Mussafer will now share Chairman responsibilities with Michael Casey. Lululemon will also engage an independent expert to evaluate and make recommendations regarding
713-598: The last few years of the 1990s, Advent raised additional sector funds focused on media and communications as well as healthcare and life sciences. Advent's founder, Peter Brooke, stepped down as the firm's CEO in 1996, but remained active as the company's chairman. Through the 2000s, Advent's expansion accelerated as the firm raised additional funds for its various fund families and opening new offices in Europe and Asia. Advent's sixth global private equity fund, raised in 2008, closed with €6.6 billion of investor commitments and
744-500: The lululemon Board's committees, policies and procedures over the course of 90 days following the completion of Advent's stock purchase. In November 2014, Advent completed a new $ 2.1 billion private equity fund, its Advent Latin American Private Equity Fund VI, thought to be the largest ever raised for Latin America. Advent International also acquired a significant minority ownership of Noosa Yoghurt,
775-805: The operations of a specific company. Where private equity firms take on operational roles to manage risks and achieve growth through long-term investments, hedge funds more frequently act as short-term traders betting on the up or down sides of a business or of an industry sector's financial health. According to Private Equity International 's PEI 300 ranking, the largest private equity firms include The Blackstone Group , Kohlberg Kravis Roberts , EQT AB , Thoma Bravo , The Carlyle Group , TPG Capital , Advent International , Hg , General Atlantic , Warburg Pincus , Silver Lake , Goldman Sachs Principal Investment Group and Bain Capital . These firms are typically direct investors in companies rather than investors in
806-577: The private equity asset class, and for the most part the largest private equity investment firms focused primarily on leveraged buyouts rather than venture capital . Preqin ltd (formerly known as Private Equity Intelligence), an independent data provider, provides a ranking of the 25 largest private equity investment managers . Among the largest firms in that ranking were AlpInvest Partners , Ardian (formerly AXA Private Equity), AIG Investments , Goldman Sachs Private Equity Group, and Pantheon Ventures . Because private equity firms are continuously in
837-569: The process of raising, investing, and distributing their private equity funds, capital raised can often be the easiest metric to measure. Other metrics can include the total value of companies purchased by a firm or an estimate of the size of a firm's active portfolio plus capital available for new investments. As with any list that focuses on size, the list referenced above does not provide any indication as to relative investment performance of these funds or managers. Seavi Advent SEAVI Advent Private Equity (South East Asia Venture Investment)
868-561: The restructuring of Yangzijiang Shipbuilding, one of China's largest privately owned shipbuilders, and successfully listed the company on the Singapore Exchange ; making it one of the largest IPOs by a foreign company in Singapore. In March 2009, Advent announced the acquisition of a controlling interest in Fifth Third Processing Solutions, the payment processing business of Fifth Third Bank in
899-501: The year 2000, the private equity and venture capital asset firms were primarily active in the United States. With the second private equity boom in the mid-1990s and liberalization of regulation for institutional investors in Europe, a mature European private equity market emerged. Private equity companies, acting as general partners with investors as limited partners , acquire a controlling or substantial minority position in
930-528: Was invented, there has been criticism of private equity firms because they have pocketed huge and controversial profits while stalking ever larger acquisition targets. The history of private equity firms has occurred through a series of boom-and-bust cycles since the middle of the 20th century with significant growth since the 1980s. Within the broader private equity industry two distinct sub-industries, leveraged buyouts and venture capital , grew along parallel tracks. In its early years through to roughly
961-554: Was ranked eighth in Private Equity International 's PEI 300 ranking of the largest private equity firms in the world. Advent is a Boston, Massachusetts spin-out from TA Associates by Peter Brooke . Brooke had founded TA Associates in 1968, after having expanded the venture capital operations of TA's parent Tucker Anthony & R.L. Day . In 1985, Advent raised its first fund – a $ 14 million corporate venture capital program for Nabisco . In 1987,