Advent International Acquires Significant Stake in Imperial Dade from Bain Capital

May 2, 2022

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.

Buyers
Advent International
Targets
Imperial Dade
Sellers
Bain Capital Private Equity
Location
New Jersey, United States
Transaction Type
Recapitalization

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