Advent International invests in FinancialForce.com

FinancialForce.com said Thursday that it has secured $50 million in funding from private equity firm Advent International. As a result of this transaction, UNIT4 will remain as FinancialForce.com’s majority investor while Salesforce.com continues to hold a minority stake in the firm. Headquartered in San Francisco, FinancialForce.com is a cloud ERP provider on the Salesforce1 platform.

Advent International’s P2 taps Apotheker for board of directors

P2 Energy Solutions, a portfolio company of Advent International, has named Léo Apotheker to its board of directors. Apotheker is the current chairman of KMD AS and a former co-CEO of SAP. P2 is a provider of software, geospatial data and land management solutions for the upstream oil and gas sector.

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Advent, Bain and ATP buy Nets for $3.1 bln – Reuters

Private equity firms Advent International and Bain Capital, along with Danish pension fund ATP, are to buy payment services company Nets Holding from a group of Nordic banks for 17 billion Danish crowns ($3.14 billion), writes Reuters. Nets is was owned by a group of 186 banks.

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peHUB First Read

Catch up on the latest private equity news headlines after the weekend including coverage of management fees, fundraising and Asian private equity and a mega deal for Advent, Bain and ATP from some Nordic banks.

Advent International appoints operating partner

J. Rich Alexander has joined Advent International as an operating partner. He will work with Advent’s chemicals team to identify and evaluate new investment opportunities in the chemicals and materials sector and create value in existing portfolio companies.

Advent International leads Ocensa deal

An investor group led by Advent International is to acquire a minority interest in Oleoducto Central S.A., a Colombian crude oil transportation system. Colombia’s two largest pension funds Sociedad Administradora de Fondos de Pensiones y Cesantías Porvenir S.A. and Administradora de Fondos de Pensiones y Cesantía Protección S.A. will join Advent, through a co-investment fund formed by Advent. Completion of the transaction is subject to customary closing conditions and is expected to take place within the next few weeks.

Advent offers $1.58bn cash for UNIT4 – Reuters

Private equity firm Advent International has made a cash offer of 1.17 billion euros ($1.58 billion) for UNIT4 NV, the Dutch business software, writes Reuters. The offer represents a 32.4 percent premium to UNIT4′s closing price on October 11, just before it announced it had been approached by companies interested in buying it.

Advent International adds operating partner in China

Advent International has appointed healthcare veteran Lincoln Chee to its operating partner program in China. Chee will advise and work closely with Advent to identify investment opportunities and generate post-investment value within the regional healthcare sector.

Private equity firms bid for Munder – Reuters

Private equity firms Thoma Bravo, Blackstone Group in partnership with Advent International and Corsair in partnership with Flexpoint Ford LLC have submitted bids for Munder Capital Management in a deal that could be valued at up to $400 million, writes Reuters. New York-based private equity firm Crestview Partners is looking to sell Birmingham, Michigan-based Munder after owning it since 2006.

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