Advent International

from Wikipedia, the free encyclopedia
Advent International Corporation

logo
legal form Corporation
founding 1984
Seat Boston , Massachusetts
Branch Private equity
Website www.adventinternational.com

The Advent International Corporation ( Advent ), headquartered in Boston is one of America's largest private equity funds with assets under management of 18 billion euros.

history

Advent was founded in 1984 by Peter Brooke . Since 1984 Advent has invested in more than 500 companies in 35 countries, 130 of which have been listed on international stock exchanges.

Advent in German-speaking countries

In Germany, Advent has been active in Frankfurt am Main since 1991 under the umbrella of Advent International GmbH .

Advent bought in Germany among other things

  • in January 2005 HT Troplast together with Carlyle (PVC processing - resale 2007 to Arcapita)
  • in August 2005 Herlitz (office supplies - resale to Pelikan in 2009)
  • in September 2005 majority stake in Casa Reha (care services - from January 2008 only minority stake)
  • in May 2006 RWE Solutions complete (with the holdings Lahmeyer International , SAG and Nukem ) complete (sale of the individual companies)
  • in February 2007 BAYER founded the chemical company HC Starck together with Carlyle
  • in March 2007 Oxea in Oberhausen (chemical producer)
  • in July 2007 the PVC paste area of Ineos at the Schkopau and Hillhouse (UK) locations.
  • in July 2007 a majority stake in Takko (fashion discounter - resale in December 2010 to the British private equity group Apax )
  • in October 2009 median clinics (clinic company).
  • in October 2012 the “Coating Resins” division (synthetic resin production) from the chemical company Cytec . Today it operates worldwide under the name Allnex .
  • in December 2012 the majority in Douglas Holding (retail group)
  • founded the financial services provider Concardis together with Bain Capital in January 2017
  • in August 2017 Williams Lea Tag from Deutsche Post AG
  • In March 2019 the methacrylate compound, which also includes the production of Plexiglas , for 3 billion euros from Evonik . The company has been trading under the name Röhm GmbH since August 1, 2019 .
  • At the end of August 2020 it was announced that the Otto Group , as the majority owner , will withdraw from Hermes Europe and sell 25% of Hermes Germany to Advent International, including 75% from Hermes Great Britain.

In Switzerland, Advent has a stake in Dufry , an operator of airport duty free shops.

In June 2018, Advent International submitted an offer to acquire General Electric's internal combustion engine business for 2.8 billion euros. GE approved the sale. This also includes the companies GE Jenbacher and Waukesha Engines .

See also

Web links

Individual evidence

  1. ↑ http://www.peimedia.com/pei300
  2. ↑ Bayer completes sale of HC Starck to Advent International and Carlyle Group
  3. ↑ a b German portfolio companies. ( Memento from February 25, 2010 in the Internet Archive )
  4. ↑ Takeover from Herlitz (German) ( Memento from August 3, 2012 in the web archive archive.today )
  5. ↑ Sale of Herlitz (English) ( Memento from August 4, 2012 in the web archive archive.today )
  6. ↑ RWE sells its "Solutions" division
  7. ↑ Vinnolit to acquire paste PVC business from INEOS
  8. ↑ New main shareholder - Advent International takes over leading European fashion discounter Takko. In: takko-fashion.com. July 2, 2007, archived from the original on March 23, 2010 ; Retrieved April 5, 2014 .
  9. ↑ Takko Fashion: APAX buys Advent retailers . mode.net. December 23, 2010. Archived from the original on November 18, 2011. Retrieved on August 15, 2019.
  10. ↑ Financial investor Advent manages billions in purchases and resale
  11. ↑ Advent and Bain pay 600 million euros for Concardis. In: FINANCE magazine. January 16, 2017, accessed March 7, 2017 .
  12. ↑ Deutsche Post DHL Group sells Williams Lea Tag to Advent International. In: dpdhl.com. August 24, 2017. Retrieved August 24, 2017 .
  13. ↑ Financial investor takes over: Plexiglas in new hands. In: www.faz.net. March 5, 2019, accessed March 5, 2019 .
  14. ↑ Evonik sells methacrylate network for € 3 billion to Advent International. In: www.plexiglas.de. March 4, 2019, accessed March 5, 2019 .
  15. ↑ Röhm becomes an independent company - Röhm. Retrieved October 24, 2019 .
  16. ↑ paketda.de: Now officially: Otto sells Hermes - but not to FedEx ; accessed on May 30, 2020
  17. ↑ Advent International finds something in Jenbach. In: derstandard.de. June 25, 2018. Retrieved July 24, 2018 .
  18. ^ GE Agrees to Sale of Gas Engine Business to Advent International. In: bloomberg.com. June 25, 2018, accessed July 24, 2018 .
  19. ↑ Advent International signs acquisition of GE Jenbacher. In: Nachrichten.at. June 25, 2018. Retrieved July 24, 2018 .