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PE-backed Advantage Solutions to go public

Irvine, California-based Advantage Solutions Inc, a business solutions provider, has filed for an IPO. the number of shares that will be sold as well as the stock’s pricing terms have yet to be set. Goldman Sachs and Morgan Stanley are the lead underwriters. Advantage is backed by CVC Capital Partners and Leonard Green & Partners.


IRVINE, Calif.–(BUSINESS WIRE)–Advantage Solutions Inc. (“Advantage”) announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.
Goldman Sachs & Co. LLC and Morgan Stanley are serving as joint lead book-running managers and as representatives of the underwriters for the proposed offering.

The offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to this offering, when available, may be obtained from any of the following sources: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or fax: facsimile: 212-902-9316, or via email:; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014. Toll free: 1-866-718-1649.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective.

In connection with the filing, Advantage has entered what is commonly known as “the quiet period,” in which federal laws limit the information that companies filing registration statements can release to the public. This limits the extent to which Advantage can communicate with its clients and business partners about the offering and future of its business.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Advantage Solutions
Advantage is a leading business solutions provider committed to driving growth through winning insights and execution. Advantage’s customizable and technology-enabled sales and marketing solutions — including headquarter sales, retail merchandising, business intelligence, and a full suite of marketing services — is designed to help manufacturers and retailers across a broad range of channels drive consumer demand, increase sales, and achieve operating efficiencies. Headquartered in Irvine, Calif., Advantage has offices throughout the United States and Canada and maintains a platform in select markets throughout Africa, Asia, Australia, and Europe through which it can service global needs of multi-national manufacturers.