Advent International: A Prestige Global Private Equity Firm

Originally founded in Boston, Massachusetts as a spin-out from TA Associates, Advent International is an American global private equity firm that specializes on buyouts of companies in Central and Western Europe, North America, Latin America, and Asia. The company focuses on international buyouts and is known for their work in growth and restructuring in five core sectors.

Although officially founded in 1984, Advent’s history can be traced back to 1968 when Peter Brooke established TA Associates. In 1985, Advent raised its first fund worth $14 million for a corporate venture capital program for Nabisco. In 1987, the firm became known for raising the $225 million International Network Fund, which served as the company’s first institutional private equity fund. In 1989, Advent raised its first European fund, the $231 million European Special Situations Fund. During this year, the firm also opened its London office.

Since its establishment, Advent International has already raised $26 billion worth of private equity capital. Furthermore, through the firm’s buyout programs, it has completed over 250 transactions in 35 countries.