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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.

Reuters – Retailer Douglas Pumps Up Funds in Beauty Expansion

German retailer Douglas said it was making up to 500 million euros ($655 million) available to its perfumeries business as part of plans to grow internationally, writes Reuters. Douglas, taken private by the Kreke family that run the group and private equity firm Advent International, said the group would invest in acquisitions both at home and abroad, open new stores and modernise existing ones, writes Reuters.

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