Advent names Rabe operating partner

Advent International said Monday that Jeremy Rabe has joined as an operating partner while Livia Masnaghetti was named an industry advisor. They will work with Advent’s global retail and business and financial services teams to identify and assess investment opportunities in the loyalty and marketing services industries worldwide. Rabe most recently served as CEO of Premier Loyalty & Marketing while Masnaghetti was special advisor to Aeroplan on its initial public offering and spinoff from Air Canada.

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Fundraising in Latin American breaks records

Capital rushed back into private equity funds in Latin America last year, with fundraising breaking all previous records with a full-year tally of $10.39 billion, according to the Latin American Private Equity and Venture Capital Association.

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Advent buys Hypo Balkans network for up to 200 mln euros: Reuters

Private equity group Advent International and its partner the European Bank for Reconstruction and Development (EBRD) have clinched a deal to buy the Balkans network of nationalised Austrian lender Hypo Alpe Adria for up to 200 million euros ($245 million), the finance ministry said on Tuesday.

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PE-owned Worldpay closes SecureNet acquisition

Worldpay, which is owned by Advent International and Bain Capital, has completed its buy of SecureNet Payment Systems. The seller was Sterling Partners. No financial terms were disclosed. Based in Austin, Texas, SecureNet is a payment solutions provider.

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One Equity Partners to sell Allied to Advent

Advent International has agreed to acquire Allied S.A. from One Equity Partners and its other minority shareholders.  No financial terms were disclosed for the transaction, which is expected to close in the first quarter of 2015. Also, as a result of the transaction, the Radomysler family, which founded the company, will retain a “significant” minority stake and continue to run Allied. Based in Brazil, Allied is a provider of tech products.

Advent bids again for Hypo Balkans network, sets deadline-Reuters

Private equity group Advent International and its partner the European Bank for Reconstruction and Development (EBRD) plan to submit a new offer for the Balkans network of nationalized Austrian lender Hypo Alpe Adria on Wednesday but said they are prepared to walk away if no deal happens by next week.

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Advent International acquires Distribution International

Advent International has bought Distribution International, a provider of mechanical insulation and related products in North America. No financial terms were disclosed. As a result of the transaction, existing backer Audax Group will retain a minority stake in the firm and remain on the board of directors. Also, Advent advisors Wes Clark and Chip Hornsby have been added to DI’s board of directors.

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Advent acquires Noosa Yoghurt

Advent International has acquired yoghurt maker Noosa Yoghurt. Noosa’s executive team has taken a significant minority stake in the company. Financial terms of the deal were not disclosed.

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Worldpay to acquire PE-owned SecureNet

Worldpay, which is backed by Advent International and Bain Capital, has agreed to buy SecureNet. No financial terms were disclosed. The deal is expected to be completed in December 2014. William Blair was financial advisor to SecureNet and its owner Sterling Partners on the transaction. Based in Austin, Texas, SecureNet is a payment solutions provider.

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Advent and Avista to acquire KU for $1.525 bln

Advent International and Avista Capital Partners have agreed to buy Kremers Urban Pharmaceuticals for $1.525 billion. The transaction is expected to be completed by the first quarter of 2015. Credit Suisse Securities, Morgan Stanley, Goldman Sachs and Jefferies are providing the financing for the transaction as well as serving as financial advisors to Advent and Avista. Also, Avista’s Brian Markison has been named president and CEO of KU. He is succeeding George Stevenson, who is leaving KU to pursue other interests. KU is UCB’s generic subsidiary in the U.S.

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Advent, EBRD to buy Hypo Balkans network-Reuters

Nationalized Austrian lender Hypo Alpe-Adria-Bank International AG has agreed to sell its Balkans network to private equity firm Advent International and its partner the European Bank for Reconstruction and Development, Hypo said on Thursday.

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