Advent International to Acquire Significant Stake in Suven Pharmaceuticals

Advent International Makes Strategic Growth Investment in Iodine Software

December 1, 2021

AI & Machine Learning

Advent International agreed to acquire a significant stake in Iodine Software in a strategic growth investment that values the company at over $1 billion. The capital will support Iodine's expansion of its AI-powered clinical documentation and revenue-cycle products (CognitiveML) and help scale its go-to-market reach across hospitals and health systems.

Advent International Acquires Majority Stake in SYSPRO

August 13, 2024

Software

Advent International has entered into a definitive agreement to acquire a majority ownership stake in SYSPRO, a global ERP software provider for manufacturing and distribution. The investment will fund product and technology innovation and support SYSPRO's global growth ambitions, particularly in the USA and UK; the deal is expected to close in late Q3 2024 pending customary approvals.

Advent International and Cinven Acquire thyssenkrupp Elevator from thyssenkrupp AG

July 31, 2020

Manufacturing

Advent International and Cinven have completed the acquisition of thyssenkrupp's Elevator Technology business (thyssenkrupp Elevator) from thyssenkrupp AG, with thyssenkrupp AG retaining a substantial minority stake. The global elevator and escalator manufacturer and service provider is headquartered in Germany and will pursue growth through geographic expansion, strategic acquisitions, and investment in R&D backed by the Consortium's financial resources.

Advent International to Take Nuvei Private in $6.3B Buyout

April 1, 2024

Payments & Fintech

Advent International agreed to acquire Nuvei for US$34.00 per share in an all-cash transaction that values the Canadian payments company at approximately US$6.3 billion. Existing major shareholders — Philip Fayer, Novacap and CDPQ — will roll a significant portion of their equity and remain as investors, with Philip Fayer continuing as Nuvei's Chair and CEO; the deal is expected to close in late 2024 or early 2025, subject to regulatory and shareholder approvals.

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.

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.