LAVCA | The Association for Private Capital Investment in Latin America
  • About
    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact
  • Members
    • Membership Benefits
    • Current Members
    • Member Access
  • Education & Programs
    • About
    • LAVCA Week
    • Calendar & Past Programs
    • LAVCA Education
  • Research & Directories
    • LAVCA Research
    • Industry data
    • LP Survey
    • Directories
  • ESG & Impact
    • Deal Book
    • LAVCA ESG Deal Awards
    • Impact Report
    • ESG Guidelines
  • Articles
    • Featured Articles
    • Industry News
  • VC
  • Member Login
  • Member Access

LAVCA | The Association for Private Capital Investment in Latin America

A non-profit member organization

  • About
    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact
  • Members
    • Membership Benefits
    • Current Members
    • Member Access
  • Education & Programs
    • About
    • LAVCA Week
    • Calendar & Past Programs
    • LAVCA Education
  • Research & Directories
    • LAVCA Research
    • Industry data
    • LP Survey
    • Directories
  • ESG & Impact
    • Deal Book
    • LAVCA ESG Deal Awards
    • Impact Report
    • ESG Guidelines
  • Articles
    • Featured Articles
    • Industry News
  • VC

Advent International Raises US$13b (€12 billion) Global Private Equity Fund

March 22, 2016

(Press Release) Global private equity firm Advent International exceeded its target and fund-raised US$13b for its new fund GPE VIII, which will invest primarily in Europe and North America and selectively in other regions such as Asia and Latin America.

  • Firm’s eighth global fund exceeds $12 billion target and reaches $13 billion hard cap in six months
  • Fund will pursue Advent’s sector-focused strategy and operational approach to create value in companies through revenue and earnings growth
  • Advent International, one of the largest and most experienced global private equity investors, today announced that it has completed fundraising for Advent International GPE VIII Limited Partnership (“GPE VIII” or the “Fund”), reaching its hard cap of $13 billion (€12 billion) after six months in the market. Advent’s previous global fund, GPE VII, closed on $10.8 billion (€8.5 billion) in 2012.

    GPE (Global Private Equity) VIII will pursue the same strategy as its predecessor funds, investing in buyouts, re-capitalizations and growth equity transactions, primarily in Europe and North America and selectively in other regions such as Asia and Latin America. The Fund will focus on five industry sectors in which Advent has significant experience and knowledge: (1) business and financial services; (2) healthcare; (3) industrial; (4) retail, consumer and leisure; and (5) technology, media and telecom.

    Across its target sectors and regions, Advent will seek to invest in well-positioned companies with the potential for further operational improvement and partner with management teams to create value through revenue and earnings growth.

    “We are pleased with the strong support we received from both existing and new investors,” said David Mussafer, a Managing Partner at Advent International in Boston. Mr. Mussafer is one of 14 Managing Partners at Advent. “We believe that our success is a result of our long-established sector focus, global footprint and network, private partnership model, and the significant operational resources and expertise we apply to our investments. This solid foundation positions us well to continue to find and build successful businesses around the world.”

    GPE VIII will be invested by a team of more than 130 investment professionals across Europe, North America and Asia. These individuals can leverage the expertise and networks of additional professionals from Advent’s Latin American Private Equity Fund (LAPEF) program, which focuses on investments throughout Latin America.

    “Our global team is one of the largest and most experienced in the private equity industry,” said Ralf Huep, a Managing Partner at Advent International in Frankfurt. “This platform allows us to generate a broad set of opportunities, invest selectively in the most compelling businesses and drive operational improvement and growth to create value.”

    “GPE VIII received commitments from a diverse base of institutional investors across the globe,” said Johanna Barr, a Managing Director and Global Co-Head of Limited Partner Services at Advent International in London. “Approximately 90% of the committed capital came from limited partners in Advent’s prior funds, with the remaining commitments provided by a select number of new investors.”

    “We are fortunate to have a large, loyal group of investors and greatly appreciate their support in making this a successful fundraising,” said Robert Weaver, a Managing Director and Global Co-Head of Limited Partner Services at Advent International in New York. “We will work to earn their continued commitment by maintaining our focus on value creation.”

    Advent’s GPE program has established a strong track record of investments and exits over seven generations of funds and several economic and private equity cycles. Since 1990, the program has invested in 228 private equity transactions in 29 countries and fully or substantially realized 190 of those investments.

    Recent investments by the GPE program include Ammeraal Beltech, Corialis, Hypo Group Alpe Adria and Istituto Centrale delle Banche Popolari Italiane (ICBPI) in Europe; Distribution International, Genoa and Noosa in North America; and Crompton Greaves Consumer Electricals, The Learning Lab and QuEST Global Services in Asia.

    Recent IPOs and sales of companies in the GPE program include Casa Reha, Douglas, Equiniti, GFKL Financial Services, Priory Group and Worldpay in Europe; Bojangles’, Party City and TransUnion in North America; and CARE Hospitals in Asia.

    KEY COMPETITIVE ADVANTAGES
    Over its long history of international investing, Advent has developed a number of core capabilities which it believes provide significant competitive advantages throughout the investment life cycle:

    Long-established sector focus – Advent has been investing in each of its five target sectors for 25 years and has made an average of over 60 investments per sector worldwide. This expertise enables the firm to identify attractive investment opportunities in higher-growth sub-sectors, develop and implement effective value creation plans and position companies favorably for exit.

    Global footprint and network – With over 170 investment professionals in 10 countries on four continents, Advent brings to its investments both a broad global perspective and deep knowledge of local markets. This platform allows the firm to help businesses grow through international expansion, cross-border acquisitions and other initiatives.

    Private partnership model – Advent remains a traditional private partnership owned and operated by 45 partners and governed by a group of 14 Managing Partners. The firm believes its ownership structure and economic incentives ensure that it is closely aligned with the interests of its investors.

    Significant operational resources and expertise – To complement its deal team’s capabilities, Advent draws on additional operational and sub-sector expertise, including an in-house Portfolio Support Group and over 70 highly experienced external Operating Partners. These Operating Partners, typically former CEOs, work alongside Advent’s sector teams and management to support the development of companies through their industry knowledge, operational know-how, leadership experience and contact networks.

    In addition to the GPE program, Advent is currently investing its sixth Latin American private equity fund, LAPEF VI. Capitalized at $2.1 billion, the 2015-vintage fund focuses on buyouts and growth equity investments in Brazil, Colombia, Mexico, Peru, Chile and other countries in the region.

    This press release is not an offer or solicitation of an offer, or an invitation or inducement, to invest in any Advent International fund. No person may invest in any Advent International fund except in accordance with and subject to the terms of the applicable fund documentation and applicable law.

    Advent International Raises US$13b (€12 billion) Global Private Equity Fund was last modified: March 30th, 2016 by Editor
    Advent InternationalEuropeFundraiseGPE IIILatin AmericaNorth America
0
Facebook Twitter Google +

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

VC Partner Events

  • VC Trends in Latin America: H1 2022

    August 23, 2022–August 23, 2022
  • LAVCA Encontro Anual Brasil 2022

    August 30, 2022–August 30, 2022

Tweets

  • "LAVCA estimates that 2022 is on course to be the second biggest year for private equity investment in Latin Americ… https://t.co/Yr5SF66X3g

    18-Aug-2022

    Reply Retweet Favorite
  • LAVCA tracked #privatecapital activity in Latin America and showed signs of resilience amidst rising risks from inf… https://t.co/PfVghlxvXn

    18-Aug-2022

    Reply Retweet Favorite
  • #LAVCAWeek2022 is taking place in person Oct. 11-14 in NYC! Speakers include: Tania Sztamfater Chocolat (… https://t.co/uNg10qSqwx

    09-Aug-2022

    Reply Retweet Favorite
  • Today's top takeaways from the #LatAmVentureBulletin: https://t.co/JY9CRvO0hW https://t.co/KUabMLOT2U

    05-Aug-2022

    Reply Retweet Favorite
  • Leading VCs and tech investors active in Brazil are invited to join LAVCA's #EncontroAnualBrasil. Program highlight… https://t.co/9vWiCTnyuh

    05-Aug-2022

    Reply Retweet Favorite

Submit VC News

Have private equity or venture capital related news that you would like to share? Submit your press releases and news to [email protected].

VC Industry News

  • Van Eck Associates Leads USD8m Seed Round for Brazil’s Investo

    August 15, 2022
  • IFC invests USD35m in Brazil’s Odata

    August 15, 2022
  • Iporanga and Parallax Lead USD15m Series A for Brazil’s Klavi

    August 11, 2022
  • Brazil’s ISA LAB Raises BRL60m Round from FIR Capital, Vox Capital, Kortex, Others

    August 9, 2022
  • Creation Investments Invests USD25m in Mexico’s DD360

    August 9, 2022
  • Tiger Global and Bain Capital Ventures Lead USD7m Seed Round for Mexico’s Miferia

    August 8, 2022
  • Goldman Sachs To Provide Up to USD150m Debt Facility for Mexico’s Clara

    August 8, 2022
  • Astella Reaches USD150m Final Close for Fifth Early-stage Brazil-focused Fund

    August 8, 2022
  • Portage Leads USD6.5m Seed Round for Mexico’s Kontempo

    August 4, 2022
  • Monashees and Andreessen Horowitz Lead USD10m Seed Round for NG.CAS

    August 2, 2022
  • Founders Fund Leads USD10m Round for Argentina’s Mudafy

    August 2, 2022
  • Kamaroopin Leads BRL170m Series D for Brazil’s Dr. Consulta

    August 1, 2022
  • Canary Leads USD6m Pre-Seed Round for Colombia’s Bia

    July 27, 2022
  • Swvl To Acquire Mexico’s VC-backed Urbvan for USD82m

    July 11, 2022
  • Tiger Global Leads USD15m Series A for Colombia’s treble.ai

    July 1, 2022
  • Goldman Sachs Asset Management Leads ~USD38m Series C for Brazil’s Conexa Saúde

    June 27, 2022
  • Vine Ventures Reaches USD140m Final Close for Seed-stage Venture Fund

    June 22, 2022
  • Ecuadorian Fintech Kushki Raises USD100m Series B+ at USD1.5b Valuation

    June 7, 2022
  • Vinci Partners Acquires USD20m Stake in Brazilian Credit Provider DMCard

    February 21, 2022
  • 8VC Leads ~USD35.4m Round for Brazilian Insurtech 180 Seguros (em português)

    February 2, 2022
  • Glade Brook Capital Leads USD125m Series C for Chilean Insurtech Betterfly

    February 2, 2022
  • SP Ventures and Acre.VC Lead USD10m Series A for Brazilian Carbon Trading Marketplace Moss (em português)

    January 31, 2022
  • Brazilian Healthtech Nilo Saúde Raises USD10m Series A from Canary, MAYA, SoftBank, GFC and Tau Ventures

    January 28, 2022
  • Valor Capital Group Leads ~USD16m Series A for Brazilian Agtech Agrolend (em português)

    January 23, 2022
  • DILA Capital and Kayyak Ventures Lead USD15m Series A for Mexican Financing Platform Fairplay

    January 18, 2022
  • Astella Investimentos Leads ~USD4.6m Seed Round for Brazilian Blockchain Trading Platform Gavea (em português)

    January 12, 2022
  • SoftBank Leads USD48m Series B for Colombian E-commerce Laika

    January 12, 2022
  • KASZEK Leads USD13.2m Round for Mexican Fantasy Sports Platform Draftea

    January 7, 2022
  • IDC Ventures Leads ~USD5m Series A for Brazilian Microcredit Platform SuperSim (em português)

    January 6, 2022
  • Mexican Verification Platform MetaMap Raises USD70m Series B

    January 5, 2022
  • DRADS Capital Leads USD7m Pre-Series A for Chilean Foodtech The Live Green Co. (en español)

    January 3, 2022
  • SoftBank Leads USD127m Round for Brazilian Healthcare Provider Alice

    December 21, 2021
  • DILA Capital and ALIVE Ventures Lead USD14m Series A for Edtech Slang

    December 20, 2021
  • Astella Investimentos and SoftBank Lead ~USD3m Seed Round for Brazilian Automation Platform BotCity (em português)

    December 20, 2021
  • GIC Leads USD80m Round for Colombian POS Lending Platform ADDI (em português)

    December 20, 2021
  • Yara Growth Ventures Leads USD30m Series C for Argentine Agtech Agrofy (em português)

    December 16, 2021
  • Tiger Global Leads USD60m Series B for Mexican Freight Platform Nowports

    December 16, 2021
  • SoftBank Leads ~USD120m Round for Brazilian Fintech OpenCo (em português)

    December 15, 2021
  • DN Capital Leads ~USD22.2m Series A+ for Brazilian Healthtech Sami

    December 14, 2021
  • Riverwood Capital Leads ~USD52m Series B for Brazilian Fiscal Management Platform Arquivei (em português)

    December 14, 2021
  • KASZEK Leads USD2.7m Seed Round for Peruvian Edtech Crack the Code

    December 13, 2021
  • GIC Leads ~USD32m Series C for Brazilian Delivery Platform Shopper (em português)

    December 13, 2021
  • Tiger Global Leads USD20.5m Round for Mexican Freight Platform Nuvocargo

    December 10, 2021
  • Advent International and SoftBank Lead USD60m Series B+ in E-Commerce Aggregator Merama

    December 9, 2021
  • Volpe Capital Leads ~USD5m Series A for Brazilian Corporate Governance Platform Atlas Governance

    December 8, 2021
  • Lachy Groom Leads USD14.8m Series A for Brazilian Fintech Stark Bank (em português)

    December 8, 2021
  • Prosus Ventures Leads USD60m Series B for Colombian Edtech Platzi

    December 6, 2021
  • KASZEK Leads USD10m Series A for Brazilian Workspace Marketplace Beer or Coffee (em português)

    November 30, 2021
  • Galapagos Capital Invests ~USD20m in Brazilian Cosmetics MedBeauty (em português)

    November 18, 2021
  • Oak HC Leads USD27m Series A for Mexican Payment Platform Aplazo

    November 15, 2021
  • Colombian E-commerce Fulfillment Platform Melonn Raises USD4.5 Seed Round

    November 3, 2021
  • DNA Capital, Temasek and Fit Participações Lead ~USD20m Round for Brazilian Healthtech Memed

    November 1, 2021
  • Astella Investimentos Leads ~USD5m Round for Brazilian Proptech Homelend (em português)

    October 28, 2021

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top