Advent International and Corvex Private Equity Take Heidrick & Struggles Private

Heidrick & Struggles Acquires businessfourzero

March 21, 2023

Consulting

Heidrick & Struggles has agreed to acquire businessfourzero, a London-based consultancy focused on purpose-driven change, culture and leadership. The acquisition will expand Heidrick's leadership advisory and culture capabilities and accelerate businessfourzero's international footprint; terms were not disclosed and the deal was expected to close in April 2023.

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.

Apax Partners Acquires Majority Stake in Herjavec Group

February 11, 2021

Cybersecurity

Funds advised by Apax Partners signed a definitive agreement to acquire a majority stake in Herjavec Group, a global managed security services provider. Founder and CEO Robert Herjavec will remain a significant stakeholder and CEO; financial terms were not disclosed. Apax said it will support international expansion, add security and identity resources, and advance HG's proprietary platforms.

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 to Acquire Significant Stake in Suven Pharmaceuticals

December 26, 2022

Pharmaceuticals

Advent International has entered into a definitive agreement to acquire a significant stake in Suven Pharmaceuticals from the Jasti family and will make an open offer for an additional 26% of public shares. Advent plans to evaluate a merger of its CDMO and API platform company, Cohance Lifesciences, with Suven to create a scaled end-to-end CDMO + merchant API powerhouse serving pharma and specialty chemical markets, subject to board and regulatory approvals.

Audax Private Equity Invests in Stout

October 28, 2021

Professional Services

Audax Private Equity has agreed to make a minority growth investment in Stout alongside the firm’s employee shareholders, with existing shareholders retaining a meaningful equity stake and management continuing to lead. The capital will support Stout’s future growth initiatives, including pursuing strategic add-on acquisitions; the transaction was expected to close in Q4 2021.