You do not have permission to edit this page, for the following reasons:

This IP address has been blocked from editing Wikipedia.
This does not affect your ability to read Wikipedia pages.
Most people who see this message have done nothing wrong. Some kinds of blocks restrict editing from specific service providers or telecom companies in response to recent abuse or vandalism, and can sometimes affect other users who are unrelated to that abuse. Review the information below for assistance if you do not believe that you have done anything wrong.

The IP address or range 54.234.0.0/16 has been blocked (disabled) by ‪JJMC89‬ for the following reason(s):

The IP address that you are currently using has been blocked because it is believed to be a web host provider or colocation provider. To prevent abuse, web hosts and colocation providers may be blocked from editing Wikipedia.
You will not be able to edit Wikipedia using a web host or colocation provider because it hides your IP address, much like a proxy or VPN.
We recommend that you attempt to use another connection to edit. For example, if you use a proxy or VPN to connect to the internet, turn it off when editing Wikipedia. If you edit using a mobile connection, try using a Wi-Fi connection, and vice versa. If you are using a corporate internet connection, switch to a different Wi-Fi network. If you have a Wikipedia account, please log in.
If you do not have any other way to edit Wikipedia, you will need to request an IP block exemption.

How to appeal if you are confident that your connection does not use a colocation provider's IP address:
If you are confident that you are not using a web host, you may appeal this block by adding the following text on your talk page: ((unblock|reason=Caught by a colocation web host block but this host or IP is not a web host. My IP address is _______. Place any further information here. ~~~~)). You must fill in the blank with your IP address for this block to be investigated. Your IP address can be determined here. Alternatively, if you wish to keep your IP address private you can use the unblock ticket request system. There are several reasons you might be editing using the IP address of a web host or colocation provider (such as if you are using VPN software or a business network); please use this method of appeal only if you think your IP address is in fact not a web host or colocation provider.

Administrators: The IP block exemption user right should only be applied to allow users to edit using web host in exceptional circumstances, and requests should usually be directed to the functionaries team via email. If you intend to give the IPBE user right, a CheckUser needs to take a look at the account. This can be requested most easily at SPI Quick Checkuser Requests. Unblocking an IP or IP range with this template is highly discouraged without at least contacting the blocking administrator.

This block will expire on 05:36, 2 January 2025.

Even when blocked, you will usually still be able to edit your user talk page, as well as email administrators and other editors.

For information on how to proceed, please read the FAQ for blocked users and the guideline on block appeals. The guide to appealing blocks may also be helpful.

Other useful links: Blocking policy · Help:I have been blocked
Your IP address is in a range that has been blocked on all Wikimedia Foundation wikis. The block was made by ‪Jon Kolbert‬. The reason given is Open proxy/Webhost: See the help page if you are affected .
- Start of block: 05:40, 21 February 2024
- Expiry of block: 05:40, 21 February 2029
Your current IP address is 54.234.187.160. The blocked range is 54.234.0.0/16. Please include all above details in any queries you make. If you believe you were blocked by mistake, you can find additional information and instructions in the No open proxies global policy. Otherwise, to discuss the block please post a request for review on Meta-Wiki. You could also send an email to the stewards VRT queue at stewards@wikimedia.org including all above details.

You can view and copy the source of this page:

((short description|Global private equity firm))
((Use mdy dates|date=December 2023))
((Multiple issues|
((Undisclosed paid|date=December 2020))
((Cleanup-PR|1=article|date=January 2022))
))
((Infobox company|
  logo           = Advent International logo.svg |
  name           = Advent International Corporation |
  image          = Prudential_Tower_Panorama.jpg |
  image_caption  = Headquarters at [[Prudential Tower]] |
  type           = [[Privately held company|Private]] |
  foundation     = ((start date and age|1984)) |
  location       = [[Boston, Massachusetts]], United States |
  founder        = [[Peter Brooke (businessman)|Peter Brooke]] |
  industry       = [[Private Equity]] |
  products       = [[Private equity fund]]s, [[buyout]]s |
  aum            = $89&nbsp;billion (2022)<ref name=wsj-maxar /> |
  num_employees  = 475+  |
  homepage       = ((url|adventinternational.com)) |
))

'''Advent International Corporation''' is an American global [[private equity firm]] focused on [[buyout]]s of companies in [[Western Europe|Western]] and [[Central Europe]], [[North America]], [[Latin America]] and [[Asia]]. The firm focuses on international buyouts, growth and strategic restructuring in five core sectors.

Since its inception in 1984, Advent has invested $56&nbsp;billion in private equity capital<ref>((cite news|title=Advent hires advisers to expand investments in loyalty plans|url=http://lta.reuters.com/article/marketsNews/idLTAL1N0W41Y320150302|archive-url=https://web.archive.org/web/20151117031029/http://lta.reuters.com/article/marketsNews/idLTAL1N0W41Y320150302|url-status=dead|archive-date=November 17, 2015|access-date=August 27, 2015|publisher=Reuters))</ref> and, through its buyout programs, has completed more than 375 transactions in 42 countries.<ref>((Cite news|url=https://www.adventinternational.com/about/|title=About Advent - Advent International|work=Advent International|access-date=May 23, 2018|language=en-US))</ref>

Advent operates from 14 offices in 11 countries, with affiliates in additional countries, and employs over 240 investment professionals.<ref>((cite web |title=Our list of investments |url=https://www.adventinternational.com/investments/?sector=10 |website=adventinternational.com |publisher=Advent international |access-date=July 16, 2018))</ref>

In June 2023, Advent was ranked seventh in [[Private Equity International]]'s PEI 300 ranking of the largest private equity firms in the world.<ref>((Cite web |last=Farman |first=Madeleine |date=June 1, 2023 |title=Blackstone once again crowned largest private equity fundraiser in PEI 300 |url=https://www.privateequityinternational.com/blackstone-once-again-crowned-largest-private-equity-fundraiser-in-pei-300/ |access-date=June 2, 2023 |website=Private Equity International |language=en-GB))</ref><ref>((Cite web |date=June 1, 2023 |title=PEI 300 ((!)) The Largest Private Equity Firms in the World |url=https://www.privateequityinternational.com/pei-300/ |access-date=June 2, 2023 |website=Private Equity International |language=en-GB))</ref>

==History==
((History of private equity and venture capital))
Advent is a [[Boston, Massachusetts]] [[Corporate spin-off|spin-out]] from [[TA Associates]] by [[Peter Brooke (businessman)|Peter Brooke]].<ref>((Cite web |last=Gara |first=Antoine |title=Meet Private Equity’s Quiet Corporate Turnaround Artist |url=https://www.forbes.com/sites/antoinegara/2021/09/27/meet-private-equitys-quiet-corporate-turnaround-artist/ |access-date=February 26, 2023 |website=Forbes |language=en))</ref> Brooke had founded [[TA Associates]] in 1968, after having expanded the [[venture capital]] operations of TA's parent [[Tucker Anthony & R.L. Day]]. In 1985, Advent raised its first fund – a $14&nbsp;million corporate venture capital program for [[Nabisco]]. In 1987, the firm raised the $225&nbsp;million International Network Fund, its first institutional private equity fund. The firm raised its first European fund in 1989, with the $231&nbsp;million European Special Situations Fund and opened its [[London]] office.

Advent continued its expansion in the 1990s, opening offices in [[Frankfurt]] and [[Milan]] and merging with UK-based Trinity Capital Partners.  In 1994, Advent completed fundraising for the first of its flagship series of funds, Advent Global Private Equity (GPE) II, with $415&nbsp;million. In 1996, Advent expanded into Latin America raising a dedicated Advent Latin American Private Equity Fund and opening offices in [[Buenos Aires]], [[Mexico City]], and [[Sao Paulo]].

Advent crossed the billion dollar mark in 1997, with the raising of the $1.2&nbsp;billion Advent Global Private Equity (GPE) III, and in the last few years of the 1990s, Advent raised additional sector funds focused on media and communications as well as healthcare and life sciences. Advent's founder, Peter Brooke, stepped down as the firm's CEO in 1996, but remained active as the company's chairman.<ref>((Cite web|title=Peter Brooke ((!)) Brooke Private Equity Associates |url=http://www.brookepea.com/overview/bio/peter-brooke/ |website=brookepea.com |access-date=October 1, 2015 |url-status=dead |archive-url=https://web.archive.org/web/20151002144305/http://www.brookepea.com/overview/bio/peter-brooke/ |archive-date=October 2, 2015 ))</ref>

Through the 2000s, Advent's expansion accelerated as the firm raised additional funds for its various fund families and opening new offices in Europe and Asia. Advent's sixth global private equity fund, raised in 2008, closed with €6.6&nbsp;billion of investor commitments and the firm raised an additional €1&nbsp;billion for investments in central Europe.<ref>[http://www.altassets.com/private-equity-features/by-author-organisation/article/nz13069.html Advent closes €6.6bn upper mid-market buy-out fund] ((webarchive |url=https://web.archive.org/web/20090903111217/http://www.altassets.com/private-equity-features/by-author-organisation/article/nz13069.html |date=September 3, 2009 )). AltAssets, April 7, 2008.</ref><ref>[http://www.altassets.com/private-equity-news/article/nz13172.html Advent closes fourth CEE fund on €1bn hard cap] ((webarchive |url=https://web.archive.org/web/20090903111229/http://www.altassets.com/private-equity-news/article/nz13172.html |date=September 3, 2009 )).  AltAssets, April 17, 2008</ref>

In March 2016, Advent raised its eighth global private equity fund with $13&nbsp;billion of investor commitments.<ref>((cite web|last1=Langworth|first1=Hannah|title=Real Deals|url=http://realdeals.eu.com/article/50477-advent-closes-new-fund-at-13bn-|access-date=March 22, 2016))</ref>

==Investments==
Advent began to invest in [[Poland]] in 1995. In total, they have made 13 investments in Poland across multiple sectors, including construction materials, food and beverages, financial services, rail equipment, construction chemicals and the cable industry.<ref>((Cite web|url=http://www.adventinternational.com/globalpresence/CentralEurope/poland/Pages/Poland.aspx|archive-url=https://web.archive.org/web/20130718132930/http://www.adventinternational.com/globalpresence/CentralEurope/poland/Pages/Poland.aspx|url-status= dead|title=Advent International Homepage|archive-date=July 18, 2013))</ref>

It acquired the British [[variety store]] chain [[Poundland]] in 2002, and has investments in the [[Fat Face]] clothing brand and extended warranty firm [[Domestic & General]].<ref>Julia Finch, 'How one-price-fits-all is making this man Britain's most cheerful retailer' (6.12.2008) ''[[The Guardian]]''</ref>

In 2004, Advent-owned fund Viva Ventures bought the Bulgarian state-owned telecoms monopoly Bulgarian Telecommunications Company (now [[Vivacom]]). The company was sold to AIG in 2007.

In 2005, founder of [[lululemon athletica]] [[Chip Wilson]] partnered with Advent and [[Highland Capital Partners]] to sell a 48% minority stake in lululemon athletica.<ref>((cite web|url=http://www.adventinternational.com/InvestmentData/Pages/lululemon%20athletica_English.aspx |title=Advent International |access-date=August 20, 2014 |url-status=dead |archive-url=https://web.archive.org/web/20140814123120/http://www.adventinternational.com/INVESTMENTDATA/Pages/lululemon%20athletica_English.aspx |archive-date=August 14, 2014 ))</ref>

Advent bought a majority ownership of [[Bradco Supply]], a leading distributor of building products in 2008.<ref>[http://www.prosalesmagazine.com/industry-news.asp?sectionID=1883&articleID=738834 Venture Capital Firm Buys Bradco Supply] ((Webarchive|url=https://web.archive.org/web/20090903120352/http://www.prosalesmagazine.com/industry-news.asp?sectionID=1883&articleID=738834 |date=September 3, 2009 )). PROSALES Information Service Publication date: July 15, 2008</ref>

It has acquired a number of companies in Central and Eastern Europe through its dedicated regional funds. These include Romanian Ceramica IASI, one of Romania’s leading ceramic bricks and clay roof tiles producers, Bolix, a leading Polish producer of construction chemicals, Dufa Deutek, Romania’s largest decorative paints producer, and LaborMed Pharma, which manufactures and distributes generic pharmaceuticals primarily for cardiovascular and central nervous system ailments.<ref name="Advent International">((cite web
 |title=Advent International investments in Central and Eastern Europe 
 |url=http://invest-iq.net/tag/advent-international
 |archive-url=https://web.archive.org/web/20110929103619/http://invest-iq.net/tag/advent-international/
 |url-status=dead
 |archive-date=September 29, 2011
 |publisher=Investment Intelligence s.r.o 
 |access-date=July 20, 2009 
))</ref>

In 2007, its Asia affiliate [[Seavi Advent]] led the restructuring of Yangzijiang Shipbuilding, one of China's largest privately owned shipbuilders, and successfully listed the company on the [[Singapore Exchange]]; making it one of the largest IPOs by a foreign company in Singapore.<ref>[https://www.reuters.com/article/idUSSIN27107120070418 Yangzijiang shares soar up to 45 pct in S'pore debut]. Reuters News, April 17, 2007</ref>

In March 2009, Advent announced the acquisition of a controlling interest in Fifth Third Processing Solutions, the [[Payment processor|payment processing]] business of [[Fifth Third Bank]] in a $2.35&nbsp;billion transaction. The transaction represented one of the largest private equity transactions completed in 2009, amidst the [[Financial crisis of 2007–2010]].<ref>[https://www.wsj.com/articles/SB123837756506468277 Fifth Third to Sell 51% Stake in Its Payment Unit to Advent].  Wall Street Journal, March 30, 2009</ref> The deal was completed in June 2009.

In November 2009, it announced a public tender offer to acquire 100% of Wydawnictwa Szkolne i Pedagogiczne S.A. (WSiP), the largest Polish educational publisher.<ref>[http://www.adventinternational.com/news/pressreleases/Pages/Pressrelease_20091106_EN.aspx Advent Press Release] ((webarchive |url=https://web.archive.org/web/20101207041217/http://www.adventinternational.com/news/pressreleases/Pages/Pressrelease_20091106_EN.aspx |date=December 7, 2010 )). November 6, 2009</ref>

In April 2010, it took over the company [[DFS (British retailer)|DFS]] in the United Kingdom.<ref>((Cite news|url=http://news.bbc.co.uk/2/hi/business/8638981.stm|title=DFS sold to private equity firm|date=April 23, 2010|via=news.bbc.co.uk))</ref> In August 2010, Advent International was credited with spawning the takeover of [[Mexicana Airlines]] by an outside investor group.  Advent International has no equity investment stakes in the takeover according to published sources.<ref>[https://www.reuters.com/article/idUSN2117726720100821 "CORRECTED - UPDATE 1-Mexican group buys stake in airline Mexicana-Advent"], Reuters, August 21, 2010, retrieved February 26, 2014</ref>

In 2011, it acquired [[Mondo Minerals]], the second largest global [[talc]] producer<ref>((Cite web|date=July 6, 2011|title=RLPC-Advent lines up loans for Mondo Minerals LBO-bankers|url=http://uk.reuters.com/article/advent-loans-idUKL6E7I61OQ20110706|url-status=live|archive-url=https://web.archive.org/web/20131212235120/http://uk.reuters.com/article/2011/07/06/advent-loans-idUKL6E7I61OQ20110706|archive-date=December 12, 2013|website=Reuters))</ref> and British mental health care provider, [[Priory Group]],<ref>((cite news |title=Advent buys The Priory for £925m |url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/privateequity/8266597/Advent-buys-The-Priory-for-925m.html |newspaper=[[The Daily Telegraph]] |date=January 18, 2011 |access-date=May 27, 2012))</ref> best known for providing mental health treatments to [[celebrities]]<ref>((cite news |title=The Priory offers counselling to pupils |url=https://www.telegraph.co.uk/education/6173765/The-Priory-offers-counselling-to-pupils.html |newspaper=[[The Daily Telegraph]] |date=September 11, 2009 |access-date=May 26, 2012))</ref> such as [[Eric Clapton]]<ref name=Observer>((cite news |title=The Priory: facts and figures |url=https://www.theguardian.com/lifeandstyle/2007/apr/15/healthandwellbeing.features4 |newspaper=[[The Observer]] |date=April 15, 2007 |access-date=May 27, 2012))</ref> and [[Johnny Depp]].<ref name=Ind>((cite news |title=The celebrity guide to detox: Pass out, check in, and dry out |url=https://www.independent.co.uk/life-style/health-and-families/health-news/the-celebrity-guide-to-detox-pass-out-check-in-and-dry-out-431006.html |archive-url=https://web.archive.org/web/20100104223819/http://www.independent.co.uk/life-style/health-and-families/health-news/the-celebrity-guide-to-detox-pass-out-check-in-and-dry-out-431006.html |url-status=dead |archive-date=January 4, 2010 |newspaper=[[The Independent]] |date=January 6, 2007 |access-date=May 26, 2012))</ref>

In August 2011, it acquired [[Bojangles' Famous Chicken 'n Biscuits]], a regional chain of quick-service restaurants based in [[Charlotte, North Carolina|Charlotte]], [[North Carolina]].

As of October 1, 2013, Advent had reached agreement with [[Vista Equity Partners]] to acquire [[P2 Energy Solutions]].

On August 7, 2014, lululemon athletica inc. and Wilson facilitated Advent's re-engagement in lululemon by selling 13.85% ownership in the company to Advent for approximately $845&nbsp;million.<ref>((cite news| title= lululemon Founder Chip Wilson Votes Against Re-Election of Outside Directors| url= http://investor.lululemon.com/releasedetail.cfm?ReleaseID=865209| date= August 7, 2014| access-date= August 20, 2014| archive-date= September 6, 2015| archive-url= https://web.archive.org/web/20150906193409/http://investor.lululemon.com/releasedetail.cfm?ReleaseID=865209| url-status= dead))</ref> The transaction received the full support of the lululemon Board of Directors and changes the board dynamic. Advent Managing Partner David M. Mussafer and Managing Director Steven J. Collins will be appointed to lululemon's Board of Directors, expanding the Board from 10 to 12 members.  Mr. Mussafer will now share Chairman responsibilities with Michael Casey.  Lululemon will also engage an independent expert to evaluate and make recommendations regarding the lululemon Board's committees, policies and procedures over the course of 90 days following the completion of Advent's stock purchase.<ref>((Cite web |url=http://files.shareholder.com/downloads/LULU/3383971145x0xS1193125-14-300979/1397187/filing.pdf |title=Archived copy |access-date=August 20, 2014 |archive-url=https://web.archive.org/web/20140813224543/http://files.shareholder.com/downloads/LULU/3383971145x0xS1193125-14-300979/1397187/filing.pdf |archive-date=August 13, 2014 |url-status=dead ))</ref><ref>((cite news| title= Power shifts at Lululemon as Chip Wilson seals deal| publisher= Globe and Mail| url= https://www.theglobeandmail.com/report-on-business/lululemon-founder-to-sell-half-his-stake-to-private-equity-firm/article19961793/#dashboard/follows/|  date= June 11, 2014))</ref>

In November 2014, Advent completed  a new $2.1&nbsp;billion private equity fund, its Advent Latin American Private Equity Fund VI, thought to be the largest ever raised for Latin America.<ref>((Cite web|url=https://dealbook.nytimes.com/2014/11/06/investment-firm-raises-new-2-1-billion-fund-for-latin-america/|title=Investment Firm Raises New $2.1 Billion Fund for Latin America|first=Vinod|last=Sreeharsha|date=November 6, 2014|website=DealBook))</ref> Advent International also acquired a significant minority ownership of Noosa Yoghurt, a Bellevue-based company, for an undisclosed amount.<ref>((cite web |url=http://www.coloradoan.com/story/money/2014/11/21/noosa-yoghurt-sells-private-equity-firm/19343217/ |title=Noosa Yoghurt sells to private equity firm |publisher=Colorodoan |access-date=November 24, 2014))</ref>

Between 2016 and 2018, it acquired [[business-to-business]] distributors of industrial supplies Brammer and IPH Group to create [[Rubix]].<ref>((cite web |url=https://www.inddist.com/news/2017/09/brammer-iph-complete-merger-creating-26b-european-mro-distributor |title=Brammer & IPH Complete Merger, Creating $2.6B European MRO Distributor |date=September 25, 2017 |publisher=IndDist |access-date=September 25, 2017))</ref><ref>((cite web |url=http://drivesncontrols.com/news/fullstory.php/aid/5749/Europe_92s_largest_MRO_firm,_IPH_Brammer,_is_reborn_as_Rubix.html |title=Europe's largest MRO firm, IPH Brammer, is reborn as Rubix |publisher=DrivesNControls |access-date=June 26, 2018))</ref>

In February 2017, it announced that it would partner with CCC Information Services as their sole equity partner, buying out [[Leonard Green & Partners]] and [[TPG Capital]].<ref>((Cite news |url=http://www.prweb.com/releases/2017/03/prweb14105738.htm |title=CCC Begins Next Phase of Innovation with Advent International |work=PRWeb |access-date=February 28, 2017))</ref>

On May 31, 2017, Advent and Bpifrance completed the acquisition of Safran Identity & Security (Morpho, now renamed [[IDEMIA#cite_note-10|IDEMIA]]), after receiving clearance from antitrust and regulatory authorities. 
''"''<ref>((Cite web|date=May 31, 2017|title=Advent International and Bpifrance complete the acquisition of Safran Identity & Security (Morpho) and create OT-MORPHO, a world leader in identification and digital security technologies|url=http://www.adventinternational.com/advent-international-and-bpifrance-complete-the-acquisition-of-safran-identity-security-morpho-and-create-ot-morpho-a-world-leader-in-identification-and-digital-security-technologies/|access-date=September 21, 2020 |website=Advent International))</ref> 
Didier Lamouche was appointed President of the Executive Board and [[Marwan Lahoud]] Chairman of the Supervisory Board of OT-MORPHO. 
This acquisition raised a series of concerns:
* Various civil rights organizations have criticized the government's contracts with IDEMIA, expressing concerns about sharing sensitive biometric data with a private and unregulated third-party company.<ref>((Cite web|date=June 24, 2019|title=Major face surveillance company releases dystopian tracking tool|url=https://www.aclum.org/en/publications/major-face-surveillance-company-releases-dystopian-tracking-tool|access-date=September 21, 2020|website=ACLU Massachusetts|language=en))</ref><ref>((Cite web|last=Lynch|first=Jennifer|date=November 9, 2017|title=TSA Plans to Use Face Recognition to Track Americans Through Airports|url=https://www.eff.org/deeplinks/2017/11/tsa-plans-use-face-recognition-track-americans-through-airports|access-date=September 21, 2020 |website=Electronic Frontier Foundation))</ref>
* Researchers have also found that facial verification and identification algorithms, including IDEMIA's algorithm specifically, exhibit systematic racial and gender bias.<ref>((Cite web |date=December 19, 2019|title=Federal study finds racial bias of many facial-recognition systems|url=https://www.seattletimes.com/nation-world/federal-study-finds-racial-bias-in-many-facial-recognition-systems/|access-date=September 21, 2020|website=The Seattle Times|language=en-US))</ref>
* Another concern is the presence of [[Marwan Lahoud]] as a President or member of the board of different entities of the group, since 2017.<ref>((Cite web|url=https://www.lanceurdalerte.info/wp-content/uploads/2019/12/SYNTHESE_1.pdf|title=Qu'en est-il de la société IDEMIA, ayant obtenu le marché des radars-tourelles ?))</ref>
* [[Marwan Lahoud]] abruptly left [[Airbus]] (former EADS) in February 2017, without notice,<ref>((Cite web|date=February 7, 2017|title=Le départ de Marwan Lahoud d'Airbus suscite des interrogations|url=https://www.lesechos.fr/2017/02/le-depart-de-marwan-lahoud-dairbus-suscite-des-interrogations-162324|access-date=September 21, 2020|website=Les Echos|language=fr))</ref> and is deeply involved in the scandal of corruption which hit Airbus. ''"Airbus ran 'massive' bribery scheme to win orders"'' (title of the article in the Financial Times of January 31, 2020<ref name=":0">((Cite web|date=January 31, 2020|title=Airbus ran 'massive' bribery scheme to win orders|url=https://www.ft.com/content/f7a01a60-442b-11ea-abea-0c7a29cd66fe|access-date=September 21, 2020|website=Financial Times))</ref> in which he is mentioned, with a photo of him with this title: ''"[[Marwan Lahoud]], who led the strategy organization and marketing of Airbus, SMO, a division dedicated to securing sales in emerging markets and at the heart of a catalog of offenses."''). In January 2020, the French press announced that the French, British and American courts had validated the agreements made earlier this week by Airbus and the French National Financial Prosecutor's Office (PNF), the British Serious Fraud Office (SFO) and the Department of Justice ( DOJ) in the United States, under which the European group AIRBUS recognises the fraud and briberies, and undertakes to pay fines totalling 3.6 billion euros: 2.08 billion in France as part of a public interest legal agreement (CJIP ), 984 million in the United Kingdom and 526 million in the United States.<ref>((Cite web|last=Mediapart|first=La rédaction de|title=Airbus agrees deal on bribery investigations in UK, US and France|url=https://www.mediapart.fr/en/journal/international/280120/airbus-agrees-deal-bribery-investigations-uk-us-and-france|access-date=September 21, 2020|website=Mediapart|date=January 28, 2020 |language=en))</ref><br>Today dissolved, the group's unit called Strategy and Marketing Organization (SMO), led by [[Marwan Lahoud]], was at the heart of the matter.<ref name=":0" /><br>Almost all the articles published on these agreements underline that the ex-leaders may be worried within the framework of a preliminary investigation still in progress.<ref>e.V, Transparency International. "Airbus bribery investigation highlights power of international cooperation in tackling corruption". www.transparency.org. Retrieved February 29, 2020</ref>

In October 2018, Advent acquired the pharmaceutical company [[Zentiva]], previously owned by Sanofi.<ref>((Cite web|url=http://www.pharmtech.com/acquisition-sanofi-s-zentiva-completed-advent-international|title=Acquisition of Sanofi's Zentiva is Completed by Advent International|website=PharmTech))</ref><ref>((Cite web|url=http://hugin.info/152918/R/2218295/867084.pdf|title=Press Release))</ref>

On December 20, 2019, the UK government approved Advent's £4&nbsp;billion takeover of defense supplier [[Cobham (company)|Cobham Plc]].<ref>((Cite web|url=https://www.gov.uk/government/news/government-update-on-the-proposed-acquisition-of-cobham-plc-by-advent-international|title=Government update on the proposed acquisition of Cobham PLC by Advent International|website=GOV.UK|language=en|access-date=December 21, 2019))</ref> On July 24, 2019, the firm announced the 165p in cash for each Cobham shares, takeover of the firm.<ref>((Cite news|url=https://www.theguardian.com/business/2019/jul/25/us-private-equity-group-snaps-up-cobham-in-4bn-deal|title=US private equity group snaps up Cobham in £4bn deal|last=Farrell|first=Sean|date=July 25, 2019|work=The Guardian|access-date=December 23, 2019|language=en-GB|issn=0261-3077))</ref> On September 16, 2019, at a shareholders' meeting in London, the proposed takeover deal was approved with 93% voting in favor of the deal, surpassing the requisite 75% votes.<ref>((Cite news |last=Pfeifer |first=Sylvia |date=September 16, 2019 |title=Cobham chief's future in doubt as investors approve takeover |newspaper=Financial Times |url=https://www.ft.com/content/a535c828-d88e-11e9-8f9b-77216ebe1f17 |access-date=December 23, 2019))</ref> The takeover was controversial, with opponents of the deal, such as the former First Sea Lord and Royal Navy chief Admiral [[Lord West]] expressing fears.<ref>((Cite news|url=https://www.bbc.com/news/uk-50879809|title=PM dismisses concerns over defence firm sale|date=December 21, 2019|access-date=December 21, 2019|language=en-GB))</ref> The founding family of Cobham were also vocal opponents of the takeover.<ref>((Cite news|url=https://www.bbc.com/news/business-50874181|title=UK approves defence company's £4bn US takeover|date=December 21, 2019|access-date=December 22, 2019|language=en-GB))</ref><ref>((Cite web|url=https://www.bournemouthecho.co.uk/news/18116884.family-behind-dorset-defence-giant-cobham-slams-government-approving-takeover/|title=Family behind Dorset defence giant Cobham slams government for approving £4billion US takeover|website=Bournemouth Echo|language=en|access-date=December 22, 2019))</ref> These oppositions for the takeover triggered an investigation by the [[Competition & Markets Authority]], on the national security implications of the transaction, which led to the delay in the regulatory approval of the deal.<ref>((Cite news|url=https://www.bbc.com/news/business-49738885|title=National security fears threaten defence takeover|date=September 18, 2019|access-date=December 22, 2019|language=en-GB))</ref>

The company is following up its $3.3&nbsp;billion acquisition of Evonik Industries's plastics division.<ref>((Cite web|url=https://www.bloomberg.com/news/articles/2020-01-27/advent-s-3-3-billion-roehm-deal-looks-to-rekindle-chemical-icon|title=Advent's $3.3 Billion Roehm Deal Looks to Rekindle Chemical Icon |author1=Noel, Andrew Marc|author2=Weiss, Richard  |website=Bloomberg|date=January 28, 2020))</ref>

On December 16, 2022, the geospatial intelligence company [[Maxar Technologies]] announced it had been acquired by Advent International for $6.4&nbsp;billion.<ref name=cnbc-maxar>((cite web |url=https://www.cnbc.com/2022/12/16/maxar-selling-to-private-equity-investors-advent-bci.html |title=Space company Maxar agrees to go private in $6.4 billion deal |date=December 16, 2022 |last=Sheetz |first=Michael |website=CNBC))</ref><ref name=wsj-maxar>((cite web |url=https://www.wsj.com/articles/advent-to-buy-maxar-technologies-for-about-4-billion-11671190204 |title=Advent to Buy Maxar Technologies for About $4 Billion |date=December 16, 2022 |last=Gottfried |first=Miriam |work=The Wall Street Journal))</ref>

==References==
((Reflist|30em))

==External links==
*((official website|http://www.adventinternational.com))

<br>
((Private equity firms))
((Largest private equity firms))

[[Category:Private equity firms of the United States]]
[[Category:Companies based in Boston]]
[[Category:Financial services companies established in 1984]]
[[Category:TA Associates]]
[[Category:1984 establishments in Massachusetts]]

Pages transcluded onto the current version of this page (help):

Advent International (edit)
Template:Ambox (view source) (template editor protected)
Template:Cite news (view source) (protected)
Template:Cite web (view source) (protected)
Template:Cleanup-PR (view source) (semi-protected)
Template:Cleanup press release (view source) (semi-protected)
Template:Comma separated entries (view source) (template editor protected)
Template:DMCA (view source) (template editor protected)
Template:Dated maintenance category (view source) (template editor protected)
Template:Dated maintenance category (articles) (view source) (template editor protected)
Template:FULLROOTPAGENAME (view source) (template editor protected)
Template:History of private equity and venture capital (edit)
Template:Hlist/styles.css (view source) (protected)
Template:Icon (view source) (template editor protected)
Template:Infobox (view source) (template editor protected)
Template:Infobox company (view source) (template editor protected)
Template:Largest private equity firms (edit)
Template:Longitem (view source) (template editor protected)
Template:Main other (view source) (protected)
Template:Multiple issues (view source) (template editor protected)
Template:Multiple issues/styles.css (view source) (template editor protected)
Template:Navbox (view source) (template editor protected)
Template:Ns has subpages (view source) (protected)
Template:Official website (view source) (template editor protected)
Template:Pagetype (view source) (protected)
Template:Private equity firms (view source) (semi-protected)
Template:Reflist (view source) (protected)
Template:Reflist/styles.css (view source) (protected)
Template:SDcat (view source) (protected)
Template:Short description (view source) (protected)
Template:Short description/lowercasecheck (view source) (protected)
Template:Sidebar (view source) (template editor protected)
Template:Start date and age (view source) (template editor protected)
Template:Template other (view source) (protected)
Template:URL (view source) (template editor protected)
Template:Undisclosed paid (view source) (template editor protected)
Template:Url (view source) (template editor protected)
Template:Use mdy dates (view source) (template editor protected)
Template:Webarchive (view source) (template editor protected)
Template:Years or months ago (view source) (template editor protected)
Template:Yesno (view source) (protected)
Module:Arguments (view source) (protected)
Module:Category handler (view source) (protected)
Module:Category handler/blacklist (view source) (protected)
Module:Category handler/config (view source) (protected)
Module:Category handler/data (view source) (protected)
Module:Category handler/shared (view source) (protected)
Module:Check for clobbered parameters (view source) (template editor protected)
Module:Check for unknown parameters (view source) (protected)
Module:Citation/CS1 (view source) (protected)
Module:Citation/CS1/COinS (view source) (protected)
Module:Citation/CS1/Configuration (view source) (protected)
Module:Citation/CS1/Date validation (view source) (protected)
Module:Citation/CS1/Identifiers (view source) (protected)
Module:Citation/CS1/Utilities (view source) (protected)
Module:Citation/CS1/Whitelist (view source) (protected)
Module:Citation/CS1/styles.css (view source) (protected)
Module:Disambiguation/templates (view source) (protected)
Module:Icon (view source) (template editor protected)
Module:Icon/data (view source) (template editor protected)
Module:Infobox (view source) (template editor protected)
Module:Infobox/styles.css (view source) (template editor protected)
Module:InfoboxImage (view source) (template editor protected)
Module:Message box (view source) (protected)
Module:Message box/ambox.css (view source) (protected)
Module:Message box/configuration (view source) (protected)
Module:Namespace detect/config (view source) (protected)
Module:Namespace detect/data (view source) (protected)
Module:Navbar (view source) (protected)
Module:Navbar/configuration (view source) (protected)
Module:Navbar/styles.css (view source) (protected)
Module:Navbox (view source) (template editor protected)
Module:Navbox/configuration (view source) (template editor protected)
Module:Navbox/styles.css (view source) (template editor protected)
Module:Ns has subpages (view source) (protected)
Module:Official website (view source) (template editor protected)
Module:Pagetype (view source) (protected)
Module:Pagetype/config (view source) (protected)
Module:Pagetype/disambiguation (view source) (protected)
Module:Pagetype/setindex (view source) (protected)
Module:Pagetype/softredirect (view source) (protected)
Module:SDcat (view source) (protected)
Module:Separated entries (view source) (protected)
Module:Sidebar (view source) (template editor protected)
Module:Sidebar/configuration (view source) (template editor protected)
Module:Sidebar/styles.css (view source) (template editor protected)
Module:String (view source) (protected)
Module:TableTools (view source) (protected)
Module:URL (view source) (template editor protected)
Module:Unsubst (view source) (protected)
Module:Webarchive (view source) (template editor protected)
Module:Webarchive/data (view source) (template editor protected)
Module:WikidataIB (view source) (template editor protected)
Module:WikidataIB/nolinks (view source) (template editor protected)
Module:WikidataIB/titleformats (view source) (template editor protected)
Module:Wikitext Parsing (view source) (protected)
Module:Yesno (view source) (protected)

Return to Advent International.

Retrieved from "https://en.wikipedia.org/wiki/Advent_International"