Advent International and Leonard Green Invest in Prometheus Group; Genstar and Management Retain Stakes

June 5, 2024

Advent International, joined by Leonard Green & Partners, has made a strategic growth investment in Prometheus Group, a Genstar Capital portfolio company and provider of enterprise asset management software. Genstar and Prometheus founder and CEO Eric Huang will retain meaningful stakes; the capital will support product development, go-to-market expansion and international growth, particularly in Europe and Asia.

Buyers
Advent International, Leonard Green & Partners
Targets
Prometheus Group
Sellers
Genstar Capital, Eric Huang
Industry
Software
Location
North Carolina, United States
Transaction Type
Growth capital

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