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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