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.


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.


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.


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.


Braemar Energy Ventures founding partner passes away

Dr. George S. Reichenbach, a founding partner at Braemar Energy Ventures, died on October 6. He was 85. In addition to his work at Braemar Energy Ventures, Dr. Reichenbach was an initial partner at Advent International where he oversaw the firm’s investments in energy technology. And prior to that, he worked at Norton Company where he managed two divisions.


Advent International to invest in Cataratas

Cataratas has agreed to receive an undisclosed investment from Advent International. Cataratas is a provider of concession services at Brazil’s national parks. The transaction is expected to close in the second half of this year.

Advent closes sale of Vinnolit to Westlake

Westlake Chemical Corp. has completed its acquisition of Vinnolit and its subsidiary companies from Advent International. No financial terms were disclosed. Based in Ismaning, Germany, Vinnolit is a provider of PVC resins.

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