PE HUB Second Opinion

In Second Opinion, Worldpay’s owners Advent International and Bain Capital will reportedly decide on Friday whether to list or sell the company, bacon lovers get their own dating app courtesy of Oscar Mayer and the average American family earned $53,657 last year, says the U.S. Census Bureau.


Advent to buy minority stake in Fleury

Advent International has agreed to acquire a minority stake in Fleury S.A., a Brazilian diagnostic services provider, from a physician group. No financial terms were disclosed. According to terms of the deal, Advent will acquire a 13 percent stake in Fleury while the physician group will retain a 28.3 percent interest in the company. Inspire Capital Partners and J.P. Morgan provided financial advice to the physician group while Credit Suisse did likewise for Advent.


Morsco buys Murray Supply Company

Morsco, a portfolio company of Advent International, has acquired Murray Supply Company. Financial terms weren’t announced. Winston-Salem, North Carolina-based Murray Supply is a plumbing supply company. The Orr Group advised Murray Supply.


Advent to invest in LifeMiles

Advent International has agreed to acquire a minority stake in Avianca Holdings subsidiary LifeMiles for $343.7 million. Morgan Stanley & Co. LLC served as financial advisor to Avianca on the transaction while Deutsche Bank Securities Inc did likewise for Advent. LifeMiles runs LifeMiles’ loyalty program in Latin America.

PE-backed Genoa buys West Bend Assisted Living Pharmacy

Genoa, a portfolio company of Advent International, has acquired West Bend Assisted Living Pharmacy. No financial terms were disclosed. Based in Jackson, Wyoming, West Bend is a provider of medication dispensing and pharmacy consulting services to a variety of facilities.


Advent, Bain and Clessidra to buy ICBPI

A consortium comprised of Advent International, Bain Capital and Clessidra have agreed to acquire Istituto Centrale delle Banche Popolari Italiane S.p.A. for a consideration of 2.15 billion euros. Rothschild, HSBC and Vitale & Associati served as financial advisors to consortium. Based in Milan, ICBPI is a banking services provider.

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