Private Equity · Profile from Private Equity Research Companion
Advent International
A Boston-born, genuinely global buyout firm that grew out of TA Associates' international network, became the leading sponsor of corporate carve-outs and payments businesses in Europe, and built the most enduring Latin American private equity franchise.
At a glance
- Founded
- 1984, Boston, Massachusetts
- Founder
- Peter A. Brooke (founder of TA Associates, 1968)
- Headquarters
- Boston; major offices in London, Frankfurt, Paris, Milan, Madrid, Warsaw, São Paulo, Bogotá, Mexico City, Lima, Mumbai, Shanghai, Tokyo, etc.
- AUM
- ~$100bn reported (Nov 2025); regulatory AUM ~$91.6bn per Form ADV (March 2026)
- Flagship
- Global Private Equity (GPE) funds; GPE X $25bn (2022); GPE XI ~$25.5bn raised by July 2026 against a ~$26bn target (reported)
- Other programmes
- Latin American Private Equity Fund (LAPEF) series; Advent Tech funds; Advent Life Sciences (spun out)
- Leadership (2026)
- David Mussafer (Chair & Managing Partner); John Maldonado and James Brocklebank (Managing Partners, Co-Chairs of Executive Committee); other MPs incl. Chris Egan, Tricia Glynn; Eric Wei promoted MP Jan 2026 (reported)
- Ownership
- Private partnership
13 deals and moves analysed
Each one gets a full strategy file in the companion: context, the decision, the financing, what happened, and the lesson.
2004
Dufry
Buyout and IPO Platform
2005
Lululemon
Growth Equity Minority
2010
Worldpay
Carve-out Buyout
2012
Douglas
Take-Private with Founding Family
2014
Nets
Bank Consortium Buyout
2015
Nexi
Bank-Owned Payments Carve-out
2018
Zentiva
Corporate Carve-out from Sanofi
2019
Cobham
Take-Private and Break-up
2019
Roehm
Corporate Carve-out
2020
TK Elevator
Corporate Carve-out
2022
Maxar
Take-Private
2023
Univar
Take-Private
2024
Nuvei
Take-Private with Founder Rollover