Advent International Acquires IRCA from Carlyle

IRCA (Advent) Acquires Kerry's Sweet Ingredients Portfolio

September 13, 2024

Food & Beverage

IRCA, an Advent International portfolio company, has agreed to acquire the trade and assets of Kerry Group’s Sweet Ingredients Portfolio for approximately €500 million (€375m cash plus a €125m vendor loan note). The deal—an add-on to IRCA’s platform—covers 10 manufacturing facilities across the US and Europe, expands IRCA’s product and geographic footprint in bakery, cereal, confectionery, dairy and ice cream end markets, and is subject to regulatory approvals and employee consultations.

Ergon Capital Acquires Majority Stake in Dolciaria Acquaviva

July 31, 2019

Food & Beverage

Ergon Capital IV SCSP (Ergon) has acquired a majority stake in Dolciaria Acquaviva from the Acquaviva family, with family members reinvesting alongside Ergon. Dolciaria Acquaviva is an Italian leader in frozen bakery products based in Gricignano di Aversa (Caserta), employs about 100 people, serves over 20,000 primarily Ho.Re.Ca customers nationwide, and will pursue accelerated growth and consolidation supported by Ergon.

Advent International Acquires Significant Stake in Imperial Dade from Bain Capital

May 2, 2022

Logistics & Distribution

Advent International has signed a definitive agreement to acquire a significant stake in Imperial Dade, the leading North American distributor of foodservice packaging and janitorial supplies, from Bain Capital Private Equity. Bain Capital will retain board governance and remain a significant investor alongside the Tillis family and Audax, while Imperial Dade will continue to be led by Chairman Robert Tillis and CEO Jason Tillis; financial terms were not disclosed.

Vandemoortele Acquires Dolciaria Acquaviva from Apheon

May 29, 2024

Food & Beverage

Belgian family-owned food group Vandemoortele has acquired a majority stake in Dolciaria Acquaviva S.p.A. from pan-European private equity firm Apheon. The deal gives Vandemoortele a stronger foothold in Southern Europe and Italy’s frozen bakery market while enabling further international expansion of the Dolciaria product range and industrial footprint.

Advent International Acquires Majority Stake in Siesa

December 2, 2024

Software

Advent International has acquired a majority stake in Siesa, the largest independent ERP provider in Colombia, from Siesint Holdings and former Siesa employees. The co-founder will remain a minority shareholder; Advent said it will support Siesa's next growth phase by investing in product innovation and expanding its offering across retail, hospitality and other industries.

Advent International Acquires Majority Stake in Encora

December 21, 2021

IT Services

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.