Advent to acquire Ansira from KRG

Advent International has agreed to buy a majority stake in St. Louis, Missouri-based Ansira Partners, a provider of tech-enabled marketing solutions. The seller is KRG Capital Partners. No financial terms were disclosed. Ropes & Gray advised Advent on the deal that’s expected to close by the end of this year.

PRESS RELEASE

Ropes & Gray represented Advent International in its agreement to acquire a majority stake in Ansira Partners from KRG Capital Partners. St. Louis, Mo.-based Ansira is a leading provider of technology-enabled marketing solutions and one of the largest independent data-driven marketing services companies in the United States. Advent will acquire its stake in partnership with the company’s management, who will continue to retain a substantial ownership interest in the company.

Financial terms of the transaction, which was announced Nov. 17, were not disclosed. The acquisition is expected to close by the end of 2016.

The Ropes & Gray team advising Advent included private equity partners Newcomb Stillwell (Boston) and Matthew Richards (Chicago); intellectual property transactions partner Edward Black (Boston); privacy & data security partner Heather Egan Sussman (Boston); executive compensation & employee benefits partner Jennifer Rikoski (Boston); finance partner Jay Kim (New York); tax partner Adam Greenwood (New York); and private equity associate Christian Westra (Boston).