Advent International to Acquire u-blox Holding AG

Otto Group Acquires Advent's Minority Stake in Hermes Germany

November 3, 2025

Logistics & Distribution

Advent International has entered into an agreement to sell its minority stake in Hermes Germany, a logistics services provider in Germany, to the Otto Group. The transaction is expected to close by year end and follows Advent’s 2020 investment arrangement in which it acquired a majority stake in Evri and a minority stake in Hermes Germany alongside Otto Group.

Advent International Acquires Majority Stake in ZIMMERMANN

August 8, 2023

Retail

Advent International has agreed to acquire a majority shareholding in ZIMMERMANN from Style Capital, with the Zimmermann family and Style Capital retaining a significant minority stake. The investment will support ZIMMERMANN’s international expansion—particularly in Asia and the Middle East—broaden product categories and accessories, and strengthen its online and omnichannel presence.

Advent International Takes Nuvei Private in a $6.3B Deal

April 1, 2024

Payments & Fintech

Nuvei entered into a definitive arrangement agreement to be taken private by Advent International in an all-cash transaction valuing the payments company at approximately US$6.3 billion. Shareholders will receive US$34.00 per share, and the deal is expected to close in late 2024 or the first quarter of 2025.

Advent International Acquires Majority Stake in LayerZero Power Systems

June 30, 2025

Manufacturing

Advent International has signed a definitive agreement to acquire a majority shareholding in LayerZero Power Systems, a U.S. manufacturer of static transfer switches, PDUs, and other mission-critical power infrastructure for data centers. The founders will remain minority equity holders, Annette Clayton will serve as Chair, and Advent plans to scale manufacturing capacity, expand the customer base, and grow service capabilities; the transaction is expected to close in Q3 2025.

Advent International Invests in LBS Group

February 23, 2023

Environmental Services

Advent International has made a growth investment in LBS Group, a leading pest control operator and hygiene solutions provider across Greater China and Southeast Asia. The capital will support LBS’ continued expansion of its pest-control and hygiene service offerings, including digital IoT monitoring and germicidal treatment capabilities, and help grow its footprint across the region.

Advent International Acquires tbi bank

April 22, 2025

Financial Services

Advent International signed a definitive agreement to acquire tbi bank, a tech-led challenger bank operating across Southeast Europe. The deal closed in February 2026 after receiving regulatory approval from the European Central Bank (ECB).