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Home » Advent International Acquisitions: How the Private Equity Firm Built a Global Portfolio

Advent International Acquisitions: How the Private Equity Firm Built a Global Portfolio

A detailed look at how Advent International used acquisitions to build global exposure across fintech, manufacturing, healthcare, cybersecurity, aerospace, fashion, and business services.

NyongesaSande News Desk by NyongesaSande News Desk
6 days ago
in Acquisitions
Reading Time: 28 mins read
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Advent International Acquisitions: How the Private Equity Firm Built a Global Portfolio

Advent International acquisitions show how one of the world’s largest private equity firms built exposure across financial services, healthcare, manufacturing, information technology, fashion, aerospace, cybersecurity, payments, pharmaceuticals, consumer goods, and industrial services.

  • What Is Advent International?
  • Why Advent International Acquisitions Matter
  • Full List of Visible Advent International Acquisitions
  • Advent International Acquisitions Timeline
    • 2016: Brammer PLC
    • 2017: Somar
    • 2018: Laird, Zentiva, and INNIO Group
    • 2019: Payments, Chemicals, Aerospace, and Fashion
    • 2020: Cobham, ForeScout, TK Elevator, and Nielsen Global Connect
    • 2021: Eureka Forbes and McAfee
    • 2022: Avra Lab and Maxar Technologies
    • 2023: Zimmermann and myPOS
    • 2024: Nuvei
  • Biggest Visible Advent International Acquisitions by Deal Value
  • Most Common Advent International Acquisition Sectors
  • Strategic Lessons From Advent International Acquisitions
    • Advent Invests Across Large, Durable Markets
    • Payments Became a Major Theme
    • Cybersecurity and Technology Are Core Growth Areas
    • Manufacturing Still Matters
    • Healthcare Offers Resilience
    • Fashion Can Create Brand-Led Growth
  • How Advent International Acquisitions Fit Private Equity Strategy
  • Platform Investing and Bolt-On Acquisitions
  • Competitive Impact of Advent International Acquisitions
  • Advantages of Advent International’s Acquisition Strategy
    • Diversified Sector Exposure
    • Access to Large-Scale Businesses
    • Strong Payments Exposure
    • Healthcare and Pharma Resilience
    • Technology Growth Potential
    • Brand Expansion Opportunities
  • Disadvantages of Advent International’s Acquisition Strategy
    • Valuation Risk
    • Leverage Risk
    • Integration and Execution Risk
    • Regulatory Risk
    • Market Cyclicality
    • Exit Risk
  • Case Studies of Major Advent International Acquisitions
    • TK Elevator
    • McAfee
    • Maxar Technologies
    • Nuvei
    • Cobham
    • Roehm
    • INNIO Group
    • Zentiva
  • Business Lessons From Advent International Acquisitions
    • Large Deals Need Clear Value Creation Plans
    • Sector Expertise Matters
    • Payments Infrastructure Is Highly Strategic
    • Industrial Businesses Can Still Be Attractive
    • Private Equity Must Manage Exit Timing
  • Key Takeaways
  • Frequently Asked Questions
    • How many acquisitions has Advent International made?
    • What is the total disclosed value of Advent International acquisitions?
    • What is the average Advent International acquisition size?
    • What was Advent International’s most recent acquisition in the dataset?
    • Did Advent complete the Nuvei acquisition?
    • What was Advent International’s largest visible acquisition?
    • Why did Advent acquire Nuvei?
    • Why did Advent acquire McAfee?
    • Why did Advent acquire TK Elevator?
    • What sectors does Advent International acquire most often?
    • Is Advent International a private equity firm?
    • What are the risks of Advent International acquisitions?
    • Why are payments companies important to Advent?
    • Why does Advent invest in manufacturing?
    • What can investors learn from Advent International acquisitions?
  • Conclusion

Unlike an operating company, Advent does not usually buy companies to merge them into one corporate brand. It invests in businesses, supports their growth, improves operations, helps management teams scale, and aims to create value before a later exit.

According to the uploaded acquisition data, Advent International made 51 acquisitions between 1998 and 2024. The total disclosed deal value was $107.8 billion, with an average disclosed deal size of $2.1 billion. The most active sectors were manufacturing, financial services, healthcare, information technology, and fashion.

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The most recent acquisition in the uploaded dataset is Nuvei, a fintech company acquired in April 2024 for $6.3 billion. Nuvei later completed its going-private transaction with Advent International, Novacap, and CDPQ in November 2024.

Other major visible acquisitions include TK Elevator, McAfee, Maxar Technologies, Cobham, Roehm, INNIO Group, Nielsen Global Connect, Zentiva, ForeScout Technologies, Zimmermann, myPOS, Eureka Forbes, Laird PLC, Prisma Medios de Pago, Somar, Brammer, and Avra Lab.

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This article explains the Advent International acquisitions timeline, the biggest deals in the visible dataset, the firm’s most active sectors, and the strategic lessons behind Advent’s investment approach.

What Is Advent International?

Advent International is a global private equity firm. It invests in companies across several major sectors, including business and financial services, healthcare, industrials, technology, consumer, retail, and payments.

Private equity firms like Advent usually raise capital from institutional investors, such as pension funds, sovereign wealth funds, endowments, insurance companies, and family offices. They then invest that capital in companies they believe can grow, improve margins, expand internationally, or become more valuable under active ownership.

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Advent’s acquisition strategy is different from a traditional corporate buyer. A software company may acquire another software company to add a product feature. A manufacturer may buy another manufacturer to increase production. Advent, however, buys or backs companies as an investment manager.

That means the firm looks for businesses with:

  • Strong market positions.
  • Attractive growth potential.
  • Capable management teams.
  • Scope for operational improvement.
  • Room for international expansion.
  • Opportunities for bolt-on acquisitions.
  • Clear exit potential.
  • Resilient demand or strategic importance.

This explains why Advent International acquisitions cover many industries. The common thread is not one product. The common thread is value creation.

Why Advent International Acquisitions Matter

Advent International acquisitions matter because they show where major private equity capital is flowing.

The visible dataset includes payments companies, cybersecurity businesses, aerospace and defense manufacturers, pharmaceutical companies, consumer brands, elevator manufacturers, industrial suppliers, fashion houses, data providers, and technology firms.

That variety gives useful insight into Advent’s investment style.

The firm often targets companies that sit in large markets with durable demand. Payments, healthcare, cybersecurity, industrial infrastructure, aerospace, consumer brands, and business services all fit that pattern.

These acquisitions matter for five main reasons.

First, they show Advent’s sector priorities. Manufacturing, financial services, healthcare, information technology, and fashion appear repeatedly in the dataset.

Second, they show the firm’s ability to pursue very large transactions. TK Elevator, McAfee, Maxar Technologies, Nuvei, Cobham, Roehm, and INNIO Group were all multibillion-dollar deals.

Third, they highlight private equity’s role in technology and infrastructure-like businesses. Payments, cybersecurity, satellite intelligence, elevators, and industrial parts all serve essential business needs.

Fourth, they show how private equity firms build platforms. Advent may acquire a strong company, then support further growth through add-on acquisitions, operational improvements, international expansion, or digital transformation.

Fifth, they help investors understand private equity risk. Large acquisitions can create value, but they also bring leverage risk, valuation risk, integration complexity, market cycles, and exit timing risk.

Full List of Visible Advent International Acquisitions

The uploaded dataset states that Advent International made 51 acquisitions from 1998 to 2024. The visible section shows 20 of those 51 deals. The table below focuses on the visible acquisitions.

AcquireeAnnounced DatePriceMain SectorStrategic Relevance
NuveiApr. 1, 2024$6.3BPayments / FintechAdded global payment processing and embedded payments exposure
myPOSNov. 16, 2023$542.8MPayments / Financial servicesAdded European payment terminals and SME payment solutions
ZimmermannAug. 8, 2023$1.8BFashion / ApparelAdded luxury fashion and resortwear exposure
Maxar TechnologiesDec. 16, 2022$6.4BAerospace / GeospatialAdded satellite infrastructure and Earth intelligence exposure
Avra LabJan. 24, 2022$100.0MPharma / API manufacturingAdded active pharmaceutical ingredient manufacturing exposure
McAfeeNov. 8, 2021$14.0BCybersecurity / ITAdded consumer and enterprise security exposure
Eureka ForbesSep. 19, 2021$598.0MConsumer goods / RetailAdded home and consumer products exposure
Nielsen Global ConnectNov. 1, 2020$2.7BData / Information servicesAdded retail and consumer data intelligence exposure
TK ElevatorFeb. 28, 2020$18.7BIndustrial / ManufacturingAdded elevator and escalator manufacturing exposure
ForeScout TechnologiesFeb. 6, 2020$1.9BCybersecurity / IoTAdded device visibility and control technology
CobhamJan. 23, 2020$4.4BAerospace / DefenseAdded defense manufacturing and national security exposure
EnamorOct. 4, 2019$45.3MFashion / ApparelAdded women’s essentials and athleisure exposure
CobhamJul. 25, 2019$5.0BAerospace / DefenseAdded defense manufacturing exposure
RoehmMar. 4, 2019$3.4BChemicals / IndustrialsAdded methacrylate chemicals exposure
Prisma Medios de Pago SAJan. 22, 2019$725.0MFintech / PaymentsAdded payment processing infrastructure in Argentina
INNIO GroupJun. 25, 2018$3.3BEnergy / ManufacturingAdded gas engines for power generation and mechanical drive
ZentivaApr. 17, 2018$2.4BHealthcare / PharmaceuticalsAdded generic medicines manufacturing
Laird PLCMar. 1, 2018$1.6BElectronics / ManufacturingAdded components that protect electronic devices
SomarJul. 5, 2017$124.0MHealthcare / PharmaceuticalsAdded pharmaceutical health-sector exposure
Brammer PLCNov. 23, 2016$274.8MIndustrial partsAdded distribution and supply of industrial parts

This visible list shows Advent’s broad reach. The firm invested in fintech, aerospace, industrial manufacturing, pharmaceuticals, cybersecurity, fashion, consumer goods, data services, and industrial distribution.

Advent International Acquisitions Timeline

The visible acquisition timeline shows a strong concentration of large deals from 2018 onward. That period included major transactions in healthcare, industrials, aerospace, cybersecurity, payments, and consumer brands.

2016: Brammer PLC

The visible dataset begins with Brammer PLC in November 2016. Advent acquired Brammer for $274.8 million.

Brammer was a distributor and supplier of industrial parts. This type of business can be attractive to private equity because industrial customers need reliable parts supply, maintenance support, and procurement efficiency.

Industrial distribution businesses can also benefit from scale. A larger distributor may improve supplier terms, expand inventory coverage, grow digitally, and consolidate fragmented markets.

Brammer fit Advent’s broader industrial strategy because it served recurring maintenance and operational needs.

2017: Somar

In July 2017, Advent acquired Somar for $124.0 million.

Somar was a pharmaceutical company in the health sector. The deal gave Advent exposure to healthcare and pharmaceutical manufacturing.

Healthcare acquisitions are attractive to private equity because demand for medicines and health products can be resilient. However, they also require regulatory compliance, quality control, and product safety.

Somar fits Advent’s wider interest in healthcare assets with growth potential.

2018: Laird, Zentiva, and INNIO Group

The year 2018 was a major period in the visible Advent International acquisitions timeline.

Advent acquired Laird PLC in March 2018 for $1.6 billion. Laird provided components and solutions that protect electronic devices. This gave Advent exposure to electronics, manufacturing, and technology supply chains.

In April 2018, Advent acquired Zentiva for $2.4 billion. Zentiva develops and manufactures generic medicines. This acquisition strengthened Advent’s healthcare and pharmaceutical exposure.

Generic medicines can be attractive because healthcare systems need affordable alternatives to branded drugs. They can also benefit from scale, manufacturing efficiency, and geographic expansion.

In June 2018, Advent acquired INNIO Group for $3.3 billion. INNIO produces reciprocating gas engines for power generation and mechanical drive. This gave Advent exposure to energy, manufacturing, and industrial power systems.

Together, the 2018 deals show Advent investing in three durable themes: electronics, healthcare, and industrial energy systems.

2019: Payments, Chemicals, Aerospace, and Fashion

In 2019, Advent made several visible acquisitions across fintech, chemicals, aerospace, and fashion.

Advent acquired Prisma Medios de Pago SA in January 2019 for $725.0 million. Prisma focuses on multi-brand and multi-platform solutions for payment processing and payment methods.

This deal gave Advent exposure to payments infrastructure in Latin America. Payments businesses can be attractive because they process recurring transaction flows and support merchants, consumers, banks, and financial institutions.

In March 2019, Advent acquired Roehm for $3.4 billion. Roehm is a supplier of methacrylate chemicals. This added chemicals and industrial materials exposure.

In July 2019, Advent acquired Cobham for $5.0 billion. Cobham is a defense manufacturer of actuation, environmental, and air-to-air refueling systems. The visible data also lists another Cobham transaction in January 2020 for $4.4 billion.

Cobham gave Advent exposure to aerospace, manufacturing, and national security. Defense-related businesses can have long-term demand, but they also face government contracting, regulation, and political scrutiny.

In October 2019, Advent acquired Enamor for $45.3 million. Enamor is a women’s clothing brand providing athleisure, lingerie, nightwear, shorts, and other essentials.

This deal added fashion and consumer exposure in a very different category from aerospace or chemicals.

2020: Cobham, ForeScout, TK Elevator, and Nielsen Global Connect

The year 2020 was one of the largest visible deal years for Advent.

In January 2020, the dataset lists Cobham again, this time at $4.4 billion. The repeated Cobham entries likely reflect different announcement or transaction references in the source data. Since the same target appears twice, publishers should avoid double-counting it without verifying transaction structure.

In February 2020, Advent acquired ForeScout Technologies for $1.9 billion. ForeScout provides enterprises and government agencies with agentless visibility and control of devices.

This acquisition gave Advent exposure to cybersecurity and Internet of Things security. As organizations connect more devices to networks, they need visibility and control to reduce security risks.

Later in February 2020, Advent acquired TK Elevator for $18.7 billion. TK Elevator manufactures escalators, elevators, passenger boarding bridges, platform lifts, and automatic doors.

TK Elevator was the largest visible acquisition in the uploaded dataset. It gave Advent exposure to urban infrastructure, building technology, maintenance services, and industrial manufacturing.

In November 2020, Advent acquired Nielsen Global Connect for $2.7 billion. Nielsen Global Connect helps manufacturers and retailers use data to make business decisions.

This acquisition added information services, consulting, data, and retail intelligence exposure. Data businesses can be attractive because customers depend on accurate insights for pricing, inventory, category management, and market strategy.

2021: Eureka Forbes and McAfee

In 2021, Advent acquired Eureka Forbes and McAfee.

Eureka Forbes was acquired in September 2021 for $598.0 million. It is a consumer goods company. The deal gave Advent exposure to home and consumer products.

In November 2021, Advent acquired McAfee for $14.0 billion. McAfee is an online security company providing virus alerts, malware analysis, network security threat intelligence, and web vulnerability protection.

McAfee was one of the largest visible Advent acquisitions. Cybersecurity is a major global market because consumers, businesses, and governments face rising digital threats.

The McAfee deal added technology, consumer security, enterprise security, and recurring software revenue exposure.

2022: Avra Lab and Maxar Technologies

In January 2022, Advent acquired Avra Lab for $100.0 million.

Avra Lab manufactures active pharmaceutical ingredients, known as APIs. API manufacturing is critical to the pharmaceutical supply chain because APIs are the active components in medicines.

This deal gave Advent exposure to pharmaceutical manufacturing and healthcare supply chains.

In December 2022, Advent acquired Maxar Technologies for $6.4 billion.

Maxar provides integrated space infrastructure and Earth intelligence. It operates in aerospace, geospatial intelligence, and satellite communication.

Maxar gave Advent exposure to space technology, satellite imagery, national security, geospatial data, and Earth observation. These markets can be strategically important because governments and businesses increasingly rely on satellite data.

2023: Zimmermann and myPOS

In August 2023, Advent acquired Zimmermann for $1.8 billion.

Zimmermann is an Australian fashion brand that manufactures and sells ready-to-wear, swimwear, resortwear, and accessories. This deal gave Advent exposure to luxury fashion and global consumer branding.

Fashion deals can be attractive when the brand has pricing power, international appeal, and room for expansion. However, fashion is also competitive and trend-sensitive.

In November 2023, Advent acquired myPOS for $542.8 million.

myPOS is a European payment service provider offering mobile payment terminals and online payment solutions to small and medium businesses.

This deal continued Advent’s payments theme. Small businesses need affordable, flexible payment systems. Payment providers can grow as merchants accept more digital and card-based transactions.

2024: Nuvei

In April 2024, Advent announced the acquisition of Nuvei for $6.3 billion.

Nuvei is a fintech company offering a modular platform for payments, payouts, card issuing, banking, and risk and fraud management. The company serves merchants and platforms that need flexible global payment solutions.

Nuvei later completed its going-private transaction in November 2024 with Advent International, Novacap, and CDPQ. Nuvei said the transaction involved $34 per share in cash and that Philip Fayer would continue leading the company as chair and CEO.

The Nuvei deal fits Advent’s strong interest in payments and financial technology. Payments companies can be attractive because they sit at the center of digital commerce, merchant services, cross-border transactions, fraud prevention, and embedded finance.

Biggest Visible Advent International Acquisitions by Deal Value

The biggest visible Advent International acquisitions show the firm’s ability to pursue large, complex transactions.

RankAcquisitionYearDeal Value
1TK Elevator2020$18.7B
2McAfee2021$14.0B
3Maxar Technologies2022$6.4B
4Nuvei2024$6.3B
5Cobham2019$5.0B
6Cobham2020$4.4B
7Roehm2019$3.4B
8INNIO Group2018$3.3B
9Nielsen Global Connect2020$2.7B
10Zentiva2018$2.4B

The table shows that Advent has targeted large companies in industrials, cybersecurity, aerospace, payments, chemicals, data, and healthcare.

Most Common Advent International Acquisition Sectors

The uploaded dataset identifies manufacturing, financial services, healthcare, information technology, and fashion as Advent’s most frequent acquisition sectors.

SectorNumber of DealsStrategic Importance
Manufacturing11Added industrial, aerospace, chemicals, electronics, pharma, and elevator exposure
Financial Services8Added payments, fintech, banking, and financial infrastructure exposure
Health Care7Added pharmaceuticals, APIs, generics, and health-sector companies
Information Technology7Added cybersecurity, data, software, and technology infrastructure exposure
Fashion6Added apparel, luxury, essentials, and consumer brand exposure

This sector mix shows Advent’s ability to invest across both defensive and growth-oriented industries.

Strategic Lessons From Advent International Acquisitions

Advent’s visible acquisition history offers several lessons about private equity strategy.

Advent Invests Across Large, Durable Markets

Advent does not limit itself to one narrow industry. It invests across markets with long-term demand, including healthcare, payments, cybersecurity, aerospace, elevators, industrial parts, chemicals, consumer goods, and fashion.

This helps diversify the portfolio and gives Advent multiple paths to value creation.

Payments Became a Major Theme

Nuvei, myPOS, and Prisma Medios de Pago show Advent’s strong interest in payments.

Payments businesses can be attractive because they support everyday commerce. Merchants need to accept card, mobile, online, and cross-border payments. Businesses also need fraud controls, payouts, and financial infrastructure.

Payments can also benefit from long-term shifts away from cash.

Cybersecurity and Technology Are Core Growth Areas

McAfee and ForeScout show Advent’s interest in cybersecurity.

Cybersecurity demand continues to grow as more devices, networks, users, and systems move online. Businesses and consumers need protection from malware, identity theft, network attacks, and device vulnerabilities.

Technology acquisitions can offer recurring revenue, but they require constant product investment.

Manufacturing Still Matters

Manufacturing is the most frequent sector in the uploaded dataset.

This shows that private equity is not only about software. Industrial businesses such as TK Elevator, Laird, INNIO, Roehm, Cobham, Zentiva, Avra Lab, and Brammer can offer scale, technical expertise, and strong market positions.

Healthcare Offers Resilience

Zentiva, Somar, and Avra Lab show Advent’s healthcare exposure.

Healthcare can be resilient because demand for medicines and health products continues across economic cycles. However, healthcare investments require regulatory compliance, quality standards, and careful supply chain management.

Fashion Can Create Brand-Led Growth

Zimmermann and Enamor show Advent’s interest in apparel and fashion.

Fashion investments can create value through international expansion, direct-to-consumer growth, ecommerce, retail partnerships, and brand development.

However, fashion carries trend risk and depends heavily on brand strength.

How Advent International Acquisitions Fit Private Equity Strategy

Advent International acquisitions fit a classic private equity model based on active ownership.

The firm typically looks for companies that can become more valuable through growth, operational improvement, strategy refinement, digital transformation, better governance, or expansion into new markets.

A private equity value creation plan may include:

  • Expanding internationally.
  • Improving margins.
  • Investing in digital tools.
  • Strengthening management systems.
  • Making bolt-on acquisitions.
  • Selling non-core assets.
  • Improving pricing.
  • Building direct customer relationships.
  • Refinancing capital structure.
  • Preparing for a sale or public listing.

Advent’s visible acquisitions show many of these themes.

TK Elevator can benefit from service contracts and urban infrastructure. Nuvei and myPOS can benefit from digital payments growth. Maxar can benefit from demand for geospatial intelligence. McAfee and ForeScout can benefit from cybersecurity demand. Zimmermann can benefit from global brand expansion. Zentiva can benefit from demand for generic medicines.

Platform Investing and Bolt-On Acquisitions

Private equity firms often use platform investing.

A platform investment is a company that can serve as the base for future growth. The platform may then make smaller acquisitions, expand product lines, enter new countries, or improve operations.

Advent’s acquisitions are often platform-style investments.

For example:

  • A payments platform can add more merchants, regions, and services.
  • A pharmaceutical platform can expand products and geographies.
  • A cybersecurity platform can add features and customer segments.
  • A fashion brand can expand stores, ecommerce, and categories.
  • An industrial company can add service contracts and parts distribution.

This approach can create value when the platform has a strong management team, competitive advantages, and a clear growth plan.

Competitive Impact of Advent International Acquisitions

Advent competes with other private equity firms, sovereign wealth funds, pension funds, family offices, strategic buyers, and infrastructure investors.

Its acquisition strategy helps it compete in several ways.

First, large deals demonstrate financial capacity. Transactions such as TK Elevator, McAfee, Maxar, Nuvei, and Cobham show that Advent can participate in complex multibillion-dollar processes.

Second, sector expertise helps Advent win deals. Repeated investments in payments, healthcare, technology, industrials, and consumer brands can improve deal sourcing and execution.

Third, global reach matters. Advent invests across North America, Europe, Latin America, and Asia.

Fourth, Advent can provide operational support. Sellers may prefer a buyer that understands the industry and can help the company grow.

Fifth, Advent’s track record can help it attract capital for future funds.

However, competition for high-quality assets can push valuations higher. When purchase prices rise, private equity firms must create more operational value to meet return targets.

Advantages of Advent International’s Acquisition Strategy

Advent’s acquisition strategy offers several advantages.

Diversified Sector Exposure

The portfolio includes manufacturing, fintech, healthcare, IT, fashion, aerospace, consumer goods, and industrial services.

Access to Large-Scale Businesses

Advent has acquired major companies with strong market positions, including TK Elevator, McAfee, Maxar, and Nuvei.

Strong Payments Exposure

Nuvei, myPOS, and Prisma give Advent exposure to digital payments and financial infrastructure.

Healthcare and Pharma Resilience

Zentiva, Somar, and Avra Lab provide healthcare exposure that can be less cyclical than discretionary markets.

Technology Growth Potential

McAfee, ForeScout, Maxar, Nielsen Global Connect, and Laird connect Advent to cybersecurity, geospatial intelligence, data, electronics, and technology infrastructure.

Brand Expansion Opportunities

Zimmermann, Enamor, and Eureka Forbes offer consumer-brand growth potential.

Disadvantages of Advent International’s Acquisition Strategy

The strategy also carries risks.

Valuation Risk

Large deals can become expensive. If Advent pays too much, future returns may suffer.

Leverage Risk

Private equity acquisitions often use debt. Debt can improve returns when performance is strong, but it can create pressure when earnings fall.

Integration and Execution Risk

Portfolio companies may need restructuring, management changes, digital upgrades, or international expansion. Execution can be difficult.

Regulatory Risk

Deals in aerospace, defense, healthcare, fintech, cybersecurity, and payments may face regulatory review.

Market Cyclicality

Fashion, consumer goods, industrial manufacturing, chemicals, and aerospace can be affected by economic cycles.

Exit Risk

Private equity returns depend partly on selling investments at attractive valuations. Weak markets can delay exits or reduce returns.

Case Studies of Major Advent International Acquisitions

Several visible Advent acquisitions stand out because of their size and strategic importance.

TK Elevator

TK Elevator was the largest visible acquisition at $18.7 billion.

The company manufactures elevators, escalators, passenger boarding bridges, platform lifts, and automatic doors.

This acquisition gave Advent exposure to urban infrastructure and building technology. Elevator companies can be attractive because they combine equipment sales with recurring maintenance and service contracts.

The deal also shows Advent’s willingness to invest in large industrial businesses with global scale.

McAfee

McAfee was acquired for $14.0 billion.

The company provides online security products and services, including malware analysis, virus alerts, network security intelligence, and web vulnerability protection.

This deal gave Advent exposure to cybersecurity, a market supported by rising digital threats.

McAfee also shows the appeal of established software brands with large customer bases.

Maxar Technologies

Maxar Technologies was acquired for $6.4 billion.

The company provides space infrastructure and Earth intelligence. Its technologies support satellite imagery, geospatial data, aerospace infrastructure, and government or commercial intelligence use cases.

Maxar reflects Advent’s interest in strategic technology markets.

Nuvei

Nuvei was acquired in a $6.3 billion going-private transaction with Advent, Novacap, and CDPQ.

The company provides payment technology, payouts, card issuing, banking, and fraud management. It serves merchants and platforms across digital commerce.

Nuvei fits Advent’s payments strategy and gives the firm exposure to global fintech infrastructure. The transaction closed in November 2024.

Cobham

Cobham was a major aerospace and defense acquisition.

The visible dataset lists Cobham twice, at $5.0 billion in 2019 and $4.4 billion in 2020. Because the same target appears in both entries, publishers should verify the transaction details before treating them as separate economic acquisitions.

Cobham gave Advent exposure to aerospace systems, defense manufacturing, national security, and mission-critical technology.

Roehm

Roehm was acquired for $3.4 billion.

The company supplies methacrylate chemicals. This acquisition gave Advent exposure to specialty chemicals and industrial materials.

Chemical businesses can be attractive when they have specialized products, customer relationships, and global demand. However, they may face raw material, energy, and environmental regulation risks.

INNIO Group

INNIO Group was acquired for $3.3 billion.

The company produces reciprocating gas engines for power generation and mechanical drive. This acquisition gave Advent exposure to distributed power, industrial energy, and mechanical systems.

Zentiva

Zentiva was acquired for $2.4 billion.

The company develops and manufactures generic medicines. This deal gave Advent healthcare exposure and connected the firm to demand for lower-cost medicines.

Business Lessons From Advent International Acquisitions

Advent International’s acquisition history offers useful lessons for investors and business leaders.

Large Deals Need Clear Value Creation Plans

Multibillion-dollar acquisitions require more than financial engineering. Advent must improve strategy, operations, growth, and exit readiness.

Sector Expertise Matters

Advent invests repeatedly in certain sectors, including payments, healthcare, industrials, and technology. Repetition helps build knowledge, networks, and execution skill.

Payments Infrastructure Is Highly Strategic

Nuvei, myPOS, and Prisma show that payments infrastructure remains attractive to private equity.

Payments companies benefit from digital commerce, merchant services, embedded finance, fraud prevention, and cross-border transactions.

Industrial Businesses Can Still Be Attractive

TK Elevator, INNIO, Roehm, Laird, Cobham, and Brammer show that private equity still values industrial companies.

The best industrial investments often combine scale, technical expertise, recurring service revenue, or strategic importance.

Private Equity Must Manage Exit Timing

Acquisitions are only part of the value chain. Advent must eventually exit investments through sales, listings, recapitalizations, or other routes.

Market conditions can affect those exits.

Key Takeaways

  • Advent International acquisitions show how the firm built a global private equity portfolio across many sectors.
  • The uploaded dataset states that Advent made 51 acquisitions from 1998 to 2024.
  • The total disclosed deal value was $107.8 billion.
  • The average disclosed deal size was $2.1 billion.
  • The visible file section shows 20 of the 51 acquisitions.
  • Manufacturing was the most frequent sector, with 11 deals.
  • Financial services followed with eight deals.
  • Healthcare and information technology each appeared seven times.
  • Fashion appeared six times.
  • Nuvei was the most recent acquisition in the uploaded dataset.
  • Nuvei completed its going-private transaction in November 2024.
  • TK Elevator was the largest visible acquisition at $18.7 billion.
  • McAfee was another major deal at $14.0 billion.
  • Advent has strong exposure to payments through Nuvei, myPOS, and Prisma.
  • The firm also has major exposure to cybersecurity, aerospace, healthcare, manufacturing, and fashion.
  • The main risks include valuation, leverage, regulation, market cycles, and exit timing.

Frequently Asked Questions

How many acquisitions has Advent International made?

The uploaded dataset states that Advent International made 51 acquisitions between 1998 and 2024.

What is the total disclosed value of Advent International acquisitions?

The dataset lists total disclosed deal value of $107.8 billion.

What is the average Advent International acquisition size?

The dataset lists the average disclosed deal size as $2.1 billion.

What was Advent International’s most recent acquisition in the dataset?

The most recent acquisition in the uploaded dataset was Nuvei, announced in April 2024 for $6.3 billion.

Did Advent complete the Nuvei acquisition?

Yes. Nuvei announced the completion of its going-private transaction with Advent International, Novacap, and CDPQ in November 2024.

What was Advent International’s largest visible acquisition?

The largest visible acquisition in the uploaded dataset was TK Elevator, listed at $18.7 billion.

Why did Advent acquire Nuvei?

Nuvei gave Advent exposure to global payment processing, payouts, card issuing, banking, and fraud management. The deal fits Advent’s interest in financial technology and payments infrastructure.

Why did Advent acquire McAfee?

McAfee gave Advent exposure to cybersecurity, online protection, malware analysis, network security, and web vulnerability protection.

Why did Advent acquire TK Elevator?

TK Elevator gave Advent exposure to elevators, escalators, automatic doors, platform lifts, and long-term building infrastructure services.

What sectors does Advent International acquire most often?

The uploaded dataset lists manufacturing, financial services, healthcare, information technology, and fashion as Advent’s most frequent acquisition sectors.

Is Advent International a private equity firm?

Yes. Advent International is a global private equity firm that invests in companies across multiple sectors and geographies.

What are the risks of Advent International acquisitions?

The main risks include overpaying, using too much debt, weak market conditions, regulatory issues, operational underperformance, and poor exit timing.

Why are payments companies important to Advent?

Payments companies support digital commerce, merchant services, card transactions, payouts, risk controls, and embedded finance. Nuvei, myPOS, and Prisma all fit this theme.

Why does Advent invest in manufacturing?

Manufacturing companies can offer technical expertise, recurring demand, industrial scale, and opportunities for operational improvement.

What can investors learn from Advent International acquisitions?

Investors can learn how private equity firms use acquisitions to build platforms, expand globally, improve operations, and pursue exits across different sectors.

Conclusion

Advent International acquisitions show how a global private equity firm builds value across payments, healthcare, manufacturing, cybersecurity, aerospace, fashion, industrials, consumer goods, and information services.

The uploaded dataset lists 51 acquisitions from 1998 to 2024, with total disclosed deal value of $107.8 billion and an average disclosed deal size of $2.1 billion. The visible section shows 20 deals, including Nuvei, myPOS, Zimmermann, Maxar Technologies, McAfee, TK Elevator, ForeScout, Cobham, Roehm, Prisma, INNIO, Zentiva, Laird, Somar, and Brammer.

The biggest visible deal was TK Elevator at $18.7 billion, followed by McAfee at $14.0 billion. Nuvei, the latest listed acquisition, shows Advent’s continuing interest in financial technology and payments infrastructure.

The main lesson is clear. Advent International acquisitions are not about building one operating company. They are about buying strong businesses, improving them, scaling them, and eventually creating value through exits. That strategy can deliver strong returns, but it requires disciplined pricing, sector expertise, operational execution, and careful risk management.

Read Also: Adobe Acquisitions: How the Software Giant Built a Digital Experience Empire

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