Advent International is a globally renowned private equity firm with a vast portfolio spanning various industries and regions. If you are curious to know other companies owned by Advent International, keep reading.
Known for its strategic investments and strong operational expertise, the firm has made significant contributions to the growth and development of numerous companies worldwide.
This article delves into the ownership structure, history, leadership, and key metrics of Advent International while spotlighting the companies under its ownership.
Who Owns Advent International?
Advent International is owned by its partners and stakeholders as is typical with private equity firms.
The firm operates as an independent entity, funded primarily through private equity funds raised from institutional investors, including pension funds, sovereign wealth funds, and high-net-worth individuals.
These stakeholders trust Advent’s strategic expertise to deliver strong financial returns through their investments.
The firm’s ownership structure is as follows:
Advent International Corporation (US): This is the parent company and primary entity overseeing global operations.
Advent International Ltd (UK): Serving as an investment advisor, this UK-based subsidiary provides strategic guidance to the parent company.
Advent Funds: The firm manages various investment funds domiciled in jurisdictions like the Cayman Islands, Delaware, and Luxembourg. These funds pool capital from institutional investors, including pension funds, endowments, and sovereign wealth funds, to finance acquisitions and investments.
List of Companies Owned by Advent International
Advent International’s investment portfolio encompasses a diverse array of companies across various sectors. Below is a closer look at some of the key businesses, brands, and companies owned by Advent International:
| Company | Acquisition Details | Description |
|---|
| Mangopay | Acquired in October 2022 | Provides payment solutions for marketplaces and platforms. |
| Medius | Acquired in October 2022 | Offers invoice capture and payment automation software. |
| Planet | Acquired in October 2022 | Provides modular payment solutions for retail and hospitality businesses. |
| Aareon | Acquired in 2020, sold in 2024 | Housing management software provider in Europe. |
| IDEMIA | Acquired in 2017, sold in 2024 | Specializes in identity security and biometric identification. |
| CCC Intelligent Solutions | Acquired in 2017 | Cloud-based software for auto and insurance industries. |
| Olaplex Holdings | Acquired in 2019 | Premium haircare brand with patented technology. |
| First Watch | Acquired in 2017, IPO in 2021 | Breakfast, brunch, and lunch restaurant chain. |
| Definitive Healthcare | Acquired in 2019, IPO in 2021 | Healthcare data analytics provider. |
| Nu Holdings (Nubank) | Early investment, IPO in 2021 | Leading digital banking platform in Latin America. |
| TransDigm Group | Investment in aerospace components | Supplier of engineered aircraft components. |
| Carpenter Technology | Investment in specialty metals | Produces titanium alloys and specialty steels. |
| Dynatrace | Acquired in 2014, IPO in 2019 | AI-powered software intelligence platform. |
| Blue Owl Capital | Investment in asset management | Alternative asset management firm. |
| Marvell Technology | Investment in semiconductors | Develops data infrastructure semiconductor solutions. |
| GFL Environmental | Acquired in 2018 | Waste management and environmental services. |
| Five Below | Investment in retail sector | Discount retailer for teens and young adults. |
| Group 1 Automotive | Investment in auto retail | Automotive dealership and service provider. |
| Lithia Motors | Investment in auto retail | Major U.S. automotive retailer. |
| Asbury Automotive | Investment in auto retail | Fortune 500 automotive dealership group. |
| Elastic N.V. | Investment in search technology | Developer of enterprise search and analytics solutions. |
| McAfee | Acquired in 2022 | Global cybersecurity software company. |
| Sovos Brands | Acquired in 2023 | Packaged food company, owns Rao’s and Noosa. |
| TK Elevator | Acquired in 2020 | Global provider of elevator and escalator solutions. |
| IPL Plastics | Acquired in 2020 | Manufacturer of sustainable rigid plastic packaging. |
McAfee
A leading global cybersecurity company, McAfee specializes in providing comprehensive digital security solutions to individuals and businesses.
Its advanced threat detection capabilities, user-friendly interfaces, and commitment to innovation have made it a household name.
McAfee’s solutions range from antivirus software to sophisticated endpoint security for enterprises, ensuring robust protection against evolving cyber threats.
Aareon
Aareon is a provider of housing management software and digital solutions for the European property industry. In June 2024, it was announced that TPG and CDPQ would acquire Aareon for €3.9 billion, representing significant growth in the company’s value.
Sovos Brands
Sovos Brands is a food company dedicated to providing premium-quality offerings that cater to modern consumer tastes.
Its flagship products, such as Rao’s Homemade pasta sauces, are celebrated for their authentic flavors and high-quality ingredients.
The brand’s portfolio also includes Noosa yogurt, known for its creamy texture, and Michael Angelo’s frozen meals, which bring Italian culinary excellence to homes worldwide.
IDEMIA
IDEMIA provides identity-related security software and services, including facial and biometric identification tools to customers worldwide. In September 2024, Advent announced their intention to sell the business to IN Groupe.
Thyssenkrupp Elevator (now TK Elevator)
A prominent name in the elevator and escalator industry, TK Elevator is recognized for its innovative mobility solutions across urban landscapes.
With cutting-edge technology and a commitment to sustainability, the company develops advanced vertical transportation systems that enhance urban infrastructure and improve accessibility.
CCC Intelligent Solutions
CCC Intelligent Solutions offers cloud-based software solutions to automotive, insurance, and collision repair industries, enhancing customer experiences and business efficiencies.
Planet
Planet provides retail and hospitality businesses with modular payment solutions for accepting online payments. With global headquarters in London and regional offices across Europe, Planet operates in 64 markets across five continents.
Aimbridge Hospitality
As the world’s largest third-party hotel management company, Aimbridge Hospitality oversees the operations of hotels spanning various brands and categories.
Its expertise in hotel management, revenue optimization, and guest experience enhancement makes it a trusted partner for hotel owners and investors seeking to maximize their properties’ potential.
IPL Plastics
A leading provider of sustainable packaging solutions, IPL Plastics serves industries such as food, agriculture, and logistics.
The company’s innovative approach emphasizes environmentally friendly practices, including the development of reusable and recyclable packaging products that reduce waste and support a circular economy.
Medius
Medius offers invoice capture, processing, and payment software that helps companies manage their accounts payable. Founded in Stockholm in 2001, their SaaS solutions automate various processes associated with paying suppliers.
Caldic
Caldic is a specialty chemicals and food ingredients distributor that plays a vital role in multiple industries.
From supplying high-quality ingredients to food manufacturers to offering innovative chemical solutions for the pharmaceutical and personal care sectors, Caldic is a key partner in driving efficiency and innovation across its markets.
Olaplex Holdings, Inc.
Olaplex is a science-enabled, technology-driven beauty company focused on delivering patent-protected premium hair care products to professional hairstylists, retailers, and end consumers.
Olive Group
A provider of digital learning solutions, Olive Group specializes in e-learning platforms that cater to businesses and educational institutions.
Its offerings include customizable training modules, compliance-focused content, and user-friendly platforms that empower organizations to enhance their workforce’s skills and knowledge.
Laird Performance Materials
A leader in advanced materials, Laird Performance Materials supplies high-performance solutions for electronics and communications technologies.
Its products, including electromagnetic shielding and thermal management systems, are integral to the functionality and reliability of cutting-edge devices and systems.
Encora
A digital product engineering company, Encora partners with businesses to accelerate innovation and build next-generation software applications.
By leveraging advanced technologies such as AI, cloud computing, and data analytics, Encora helps its clients stay ahead in competitive markets while delivering exceptional user experiences.
AccentCare
A leading provider of home healthcare services, AccentCare delivers personalized medical care to patients in the comfort of their homes.
Its offerings include skilled nursing, physical therapy, and hospice care, ensuring comprehensive support for patients with diverse medical needs while promoting independence and quality of life.
Mangopay
Mangopay provides payment solutions enabling marketplaces and platforms to accept consumer payments, onboard sellers, and route funds globally. It serves leading European and global marketplaces, including Vinted, Chrono24, La Redoute, Rakuten, and Wallapop.
First Watch Restaurant Group, Inc.
First Watch is a daytime dining concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. The company operates and franchises restaurants across the United States.
Definitive Healthcare Corp.
Definitive Healthcare provides comprehensive and accurate data on healthcare providers and their activities, enabling clients to accelerate their go-to-market strategies and enhance their business decisions.
Nu Holdings Ltd.
Nu Holdings, operating as Nubank, is one of the world’s largest independent digital banking platforms, providing a range of financial services across Brazil, Mexico, and Colombia.
TransDigm Group Inc.
TransDigm is a leading designer, producer, and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today.
Carpenter Technology Corp.
Carpenter Technology is a producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels.
Dynatrace, Inc.
Dynatrace provides a software intelligence platform based on artificial intelligence and automation to monitor and optimize application performance, development, security, and IT infrastructure.
Blue Owl Capital Inc.
Blue Owl is an alternative asset management firm providing investors access to direct lending and GP capital solutions strategies through a variety of vehicles.
Marvell Technology, Inc.
Marvell develops and produces semiconductors and related technology, focusing on data infrastructure solutions for storage, networking, and connectivity.
GFL Environmental Inc.
GFL is a diversified environmental services company offering services in solid waste management, liquid waste management, and infrastructure development.
Five Below, Inc.
Five Below is a specialty value retailer offering a broad range of trend-right, high-quality products priced at $5 and below, targeting tweens, teens, and beyond.
Group 1 Automotive Inc.
Group 1 Automotive is an international, Fortune 500 automotive retailer, offering a diverse range of automotive products and services, including new and used vehicle sales, vehicle maintenance, and repair services.
Lithia Motors Inc.
Lithia Motors is one of the largest automotive retailers in the United States, offering a wide selection of vehicles and services, including new and used vehicle sales, financing, and vehicle maintenance.
Asbury Automotive Group Inc.
Asbury Automotive Group is a Fortune 500 company and one of the largest automotive retail and service companies in the U.S., offering a range of automotive products and services.
Elastic N.V.
Elastic is a search company that builds self-managed and SaaS offerings for search, logging, security, and analytics use cases.
NCS Multistage Holdings, Inc.
NCS Multistage provides engineered products and support services for oil and natural gas well completions.
When Was Advent International Founded?
Advent International was founded in 1984. Since its inception, the firm has grown into one of the largest and most respected private equity firms globally, with a strong track record of successful investments.
Over the decades, it has demonstrated a keen ability to identify promising opportunities and drive growth in its portfolio companies.
Who Is the CEO of Advent International?
The current CEO of Advent International is David Mussafer. With extensive experience in private equity, Mussafer has played a pivotal role in shaping the firm’s investment strategies and driving its success.
His leadership emphasizes innovation, value creation, and long-term growth for both the firm and its portfolio companies.
Where Is the Headquarters of Advent International?
Advent International’s headquarters is located in Boston, Massachusetts, USA. The firm also has offices in key financial hubs across North America, Europe, Latin America, and Asia, reflecting its global reach.
These locations enable Advent to maintain close relationships with its portfolio companies and identify new investment opportunities in diverse markets.
What Is the Annual Revenue of Advent International?
The annual revenue of Advent International as of November 2024 is around $5 billion. The companies in its portfolio collectively generate billions of dollars in revenue annually, underscoring the firm’s significant economic impact.
This financial strength allows Advent to continuously expand its portfolio and invest in high-potential businesses.
How Many Employees Does Advent International Have?
Advent International employs over 600 professionals worldwide. In addition, the companies in its portfolio collectively employ tens of thousands of individuals across various sectors and regions.
These employees play a crucial role in driving innovation, delivering exceptional products and services, and contributing to the success of their respective industries.
Final Thoughts
Advent International’s extensive portfolio and global presence make it a powerhouse in the private equity industry.
From cybersecurity and healthcare to hospitality and packaging, the firm’s investments touch diverse sectors, driving innovation and growth. With a strong leadership team, a history of success, and a commitment to strategic development, Advent International continues to shape the future of businesses worldwide.
Its ability to identify and nurture high-potential companies underscores its status as a leading force in private equity.
FAQs
What is Advent International known for?
Advent International is known for being one of the world’s largest and most experienced private equity firms. The company specializes in strategic investments across a wide range of industries, including technology, healthcare, consumer goods, industrial, and financial services. Its reputation is built on a strong track record of creating value through operational improvements, innovation, and long-term growth.
Is Advent International a good company?
Yes, Advent International is widely regarded as a reputable and successful private equity firm. Its global reach, extensive experience, and strategic approach to investments have made it a trusted partner for institutional investors and a catalyst for growth in its portfolio companies. The firm’s commitment to ethical practices and long-term value creation further enhances its standing in the industry.
Has Advent International acquired any companies in the food industry?
Yes, Advent International has been involved in the food industry. In October 2024, it was reported that Advent was preparing a bid for Tate & Lyle, a London-headquartered company known for ingredients like artificial sweeteners.
Is Advent International involved in the logistics sector?
Yes, Advent International has investments in the logistics sector. For example, InPost, a Polish parcel locker company supported by Advent, is expanding its operations in the UK to meet the growing demand for out-of-home deliveries.
Has Advent International invested in any defense companies?
Yes, Advent International has invested in the defense sector. Notably, it acquired Cobham Plc, a UK defense supplier, in 2019. The acquisition was approved by the UK government on December 20, 2019.
What is Advent International’s involvement in the technology sector?
Advent International has made significant investments in the technology sector. For instance, it acquired Maxar Technologies, a geospatial intelligence company, in December 2022. Maxar provides satellite imagery and space infrastructure services.
Does Advent International own McAfee?
Yes, Advent International acquired cybersecurity company McAfee in 2022 as part of a consortium deal. The acquisition aimed to strengthen McAfee’s global cybersecurity capabilities and expand its enterprise solutions.
What retail companies are owned by Advent International?
Advent International owns several retail and consumer brands, including Five Below (discount retail), Olaplex (haircare products), and Sovos Brands (food brands like Rao’s and Noosa). They also invest in e-commerce and digital marketplaces through companies like Mangopay.
Does Advent International own Sovos Brands?
Yes, Advent International acquired Sovos Brands in 2023. Sovos Brands owns well-known food brands, including Rao’s Homemade, Noosa Yoghurt, and Michael Angelo’s frozen meals.
What payment companies are owned by Advent International?
Advent International has invested in several financial and payment companies, including Mangopay, which provides payment solutions for marketplaces, and Planet, which offers retail and hospitality payment solutions.
Does Advent International own any aerospace or defense companies?
Yes, Advent International has invested in aerospace and defense companies, including Cobham Plc, a UK-based defense and aerospace technology company, and TransDigm Group, which supplies engineered aircraft components.
What healthcare companies are owned by Advent International?
Advent International owns several healthcare-related companies, including IDEMIA (biometric security and healthcare identity solutions), Definitive Healthcare (healthcare analytics and data provider), and Zentiva (pharmaceuticals).
Does Advent International own TK Elevator?
Yes, Advent International, along with other investors, acquired TK Elevator in 2020. TK Elevator is a global leader in elevator and escalator manufacturing and services.
What automotive companies are owned by Advent International?
Advent International has invested in Group 1 Automotive, Lithia Motors, and Asbury Automotive Group, which are major dealership networks in the automotive retail industry.
How does Advent International manage its investments?
Advent International operates through multiple investment funds, raising capital from institutional investors such as pension funds, sovereign wealth funds, and endowments. They focus on acquiring and growing companies across diverse industries through strategic investments.