Morsco buys Murray Supply Company

By Luisa Beltran — 5 months ago

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.

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Advent to invest in LifeMiles

By Iris Dorbian — 7 months ago

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.

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Advent, Bain and Clessidra to buy ICBPI

By Iris Dorbian — 8 months ago

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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PE-backed Genoa buys Northeast Pharmaceuticals

By Iris Dorbian — 8 months ago

Genoa, a portfolio company of Advent International, has acquired Northeast Pharmaceuticals Inc. No financial terms were disclosed. Based in Montgomery, Alabama, Northeast Pharmaceuticals is a provider of customized pharmacy services in the Southeast U.S.

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Advent to buy Ammeraal Beltech

By Luisa Beltran — 9 months ago

Advent International said Tuesday it has agreed to buy Ammeraal Beltech from Gamma Holding, a holding company owned by Gilde Buy Out Partners and Parcom Capital Management. Financial terms weren’t announced. Ammeraal Beltech, of the Netherlands, makes, distributes and services conveyor belts for use in light industries, including food processing, automotive, logistics and textiles. William Blair advised Gamma while Jefferies provided financial advice to Advent.

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