Private Equity Firm Other

Advent International

Boston, Massachusetts, United States

Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. Since its founding in 1984, it has developed specialist market expertise across business & financial services, consumer, healthcare, industrial, and technology. One of the largest privately-owned partnerships, with 600+ colleagues across five continents supporting portfolio companies.

Focus Areas
Buyouts, Growth investments, Multi-sector private equity

Tracked deals

56

56 tracked deals across 2019-2026.

Recent pace

12

12 tracked deals announced in the last 12 months.

Deal mix

Buyout

32 buyout · 16 growth capital · 4 addon

Advent International Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Advent International. 4 2019 4 2020 5 2021 5 2022 6 2023 13 2024 13 2025 ~9 est. 6 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 56 tracked deals for Advent International.

  • Stripe and Advent International Joint Offer to Acquire PayPal
    July 15, 2026
    Buyer
    Stripe, Advent International
    Target
    PayPal Holdings
    Industry
    Payments & Fintech
    Location
    United States
    Type
    Buyout

    Stripe and private equity firm Advent International reportedly submitted a joint offer to acquire PayPal Holdings for $60.50 per share, valuing PayPal at more than $53 billion. The proposal would take PayPal private with the two parties each holding an equal stake, and is backed by approximately $50 billion in committed bank financing, though PayPal has not yet responded.

  • Natura Acquires Stake by Advent International (8%–10% Minority Investment)
    March 31, 2026
    Buyer
    Advent International
    Target
    Natura
    Industry
    Consumer Products
    Location
    Brazil
    Type
    Growth capital

    Brazilian cosmetics company Natura announced a governance overhaul and a minority investment from Advent International. Advent will acquire an 8%–10% stake by purchasing shares over time (expected over up to six months) and will have the right to appoint two board members once the stake is reached.

  • Advent International Invests in Atwell, LLC
    March 27, 2026
    Buyer
    Advent International
    Target
    Atwell, LLC
    Industry
    Professional Services
    Location
    Michigan, United States
    Type
    Growth capital

    Advent International has agreed, in partnership with management, to make a significant investment in Atwell, LLC, an engineering, consulting, and construction services firm serving critical infrastructure in the United States. The deal is expected to close in Q2 2026, subject to customary regulatory approvals and closing conditions.

  • Advent International to Acquire Majority Stake in Salt & Stone
    March 24, 2026
    Buyer
    Advent International
    Target
    Salt & Stone
    Seller
    Humble Growth
    Industry
    Consumer Products
    Location
    California, United States
    Type
    Buyout

    Advent International has signed a definitive agreement to acquire a majority stake in Salt & Stone, a Los Angeles-based premium body care brand. The deal is expected to close in April, subject to customary conditions, and will support Salt & Stone’s next phase of growth across direct-to-consumer and retail channels globally.

  • TA Associates Invests in Volue as New Strategic Investor
    February 13, 2026
    Buyer
    TA Associates, Advent International, Generation Investment Management, Arendals Fossekompani
    Target
    Volue
    Seller
    Arendals Fossekompani
    Industry
    Energy
    Location
    Oslo, Norway
    Type
    Growth capital

    TA Associates joined as a new strategic investment partner in Volue, investing alongside existing shareholders Advent International, Generation Investment Management, and Arendals Fossekompani. The deal values Volue at about €1.5 billion (100% basis) and includes cash proceeds of approximately EUR 38 million to Arendals Fossekompani, with Arendals Fossekompani’s ownership expected to be around 36% after closing (subject to regulatory approvals and closing adjustments).

  • InPost Enters €7.8 Billion Consortium Take-Private Offer
    February 9, 2026
    Buyer
    Advent International, FedEx, A&R Investments, PPF Group
    Target
    InPost
    Seller
    PPF Group (tendering its entire stake and rolling part into the consortium), A&R Investments (expected to roll over its shareholding in full)
    Industry
    Logistics & Distribution
    Location
    Poland
    Type
    Buyout

    InPost has agreed to a conditional, recommended all-cash take-private offer valuing the company at about €7.8 billion. The consortium—Advent International, FedEx (via a wholly owned subsidiary), A&R Investments (founded by InPost CEO Rafał Brzoska), and PPF Group—plans to launch an offer for all shares, with expected closing in the second half of 2026.

  • Advent International and Corvex Private Equity Take Heidrick & Struggles Private
    December 10, 2025
    Buyer
    Advent International, Corvex Private Equity, Salem Capital Management, Mousse Partners, TF Cornerstone, HighSage Ventures, Barcliff Partners
    Target
    Heidrick & Struggles International, Inc.
    Industry
    Professional Services
    Location
    Illinois, United States
    Type
    Buyout

    Heidrick & Struggles International has completed its previously announced take-private transaction valued at approximately $1.3 billion. A consortium led by Advent International and Corvex Private Equity, supported by strategic investors and Heidrick leaders/family offices, acquired all outstanding shares, and Heidrick ceased trading on Nasdaq.

  • Advent International Leads Series C Investment in Skyone
    December 5, 2025
    Buyer
    Advent International
    Target
    Skyone
    Seller
    Inovabra Ventures, Select angel investors
    Industry
    Cloud & SaaS
    Location
    São Paulo, Brazil
    Type
    Growth capital

    Advent International has made a strategic investment in Skyone, a Brazilian cloud, data and AI software company, through Advent's Latin American Private Equity Fund VII as part of Skyone's Series C (terms undisclosed). The funding will support Skyone's international expansion, scale its Skyone Studio and Autosky platforms, and accelerate R&D in AI and cloud capabilities. In connection with the transaction, Inovabra Ventures and select angel investors fully exited while founders and investors Henkan and BeWater remain significant shareholders.

  • Advent International to Acquire u-blox Holding AG
    November 26, 2025
    Buyer
    Advent International, ZI Zenith S.à r.l. (Zenith)
    Target
    u-blox Holding AG (u-blox)
    Industry
    IT Services
    Location
    Switzerland
    Type
    Buyout

    Advent International, through ZI Zenith S.à r.l., completed its acquisition of u-blox Holding AG via a public tender offer for CHF 135 per share. The deal transitions u-blox from public ownership to Advent ownership, with all offer conditions satisfied and regulatory approvals granted.

  • Rubix Group (Advent-owned) Acquires ERIKS UK & Ireland
    November 3, 2025
    Buyer
    Rubix Group, Advent International, Neuberger Berman Private Markets, Adams Street Partners, LGT Capital Partners, J. Safra Sarasin Asset Management, BlackRock (funds and accounts)
    Target
    ERIKS UK & Ireland
    Industry
    Industrial Services
    Location
    West Midlands, United Kingdom
    Type
    Addon

    Rubix Group, majority-owned by Advent International, has completed the acquisition of ERIKS UK & Ireland, combining two multi-specialist industrial distributors to expand Rubix's flow-technology capabilities and strengthen its UK market position. The transaction coincides with a minority equity investment in Rubix led by Neuberger Berman Private Markets, with participation from Adams Street Partners, LGT Capital Partners, J. Safra Sarasin Asset Management and funds/accounts managed by BlackRock; Advent remains the majority shareholder. The combined UK business and Rubix operations now drive a larger MRO platform with combined annual revenues in excess of €850 million.

  • Waystar To Acquire Iodine Software in $1.25 Billion Deal
    October 1, 2025
    Buyer
    Waystar, Advent International
    Target
    Iodine Software
    Industry
    Healthcare Services
    Location
    United States
    Type
    Buyout

    Waystar, a healthcare payments software provider, announced a definitive agreement to acquire Iodine Software for an enterprise value of $1.25 billion. The deal is designed to extend Waystar’s AI platform into clinical intelligence, combining Iodine’s clinical AI data assets with Waystar’s healthcare payments network.

  • Advent International to Acquire Automic Group
    September 3, 2025
    Buyer
    Advent International
    Target
    Automic Group
    Industry
    Financial Services
    Location
    Australia
    Type
    Buyout

    Advent International has signed a definitive agreement to acquire Automic Group, a technology company delivering financial market infrastructure across Australia and New Zealand. Automic provides registry, employee share plan, shareholder analytics, and fund administration services via a proprietary cloud-native platform supporting over 1,400 companies and funds. The deal is expected to close by the end of 2025, subject to regulatory approvals, though financial terms were not disclosed publicly.

Related Acquisition Pages

Consumer Products Buyers & Acquisitions 6 tracked deals by Advent International. Cloud & SaaS Buyers & Acquisitions 5 tracked deals by Advent International. Food & Beverage Buyers & Acquisitions 5 tracked deals by Advent International. Financial Services Buyers & Acquisitions 4 tracked deals by Advent International. Acquisitions in California 4 tracked deals by Advent International. Acquisitions in Texas 3 tracked deals by Advent International. Acquisitions in Colorado 2 tracked deals by Advent International. Acquisitions in Illinois 2 tracked deals by Advent International.

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