Advent International Acquires Majority Stake in Encora
December 21, 2021
Advent International has acquired a majority stake in Encora, a global digital engineering and software product development services provider. Warburg Pincus, the prior majority shareholder, retains a minority stake; Advent will partner with Encora's management to accelerate global growth, expand capabilities, and pursue targeted M&A.
- Buyers
- Advent International
- Targets
- Encora
- Sellers
- Warburg Pincus
- Industry
- IT Services
- Location
- Arizona, United States
- Transaction Type
- Buyout
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