Advent International and Cinven complete acquisition of thyssenkrupp’s Elevator Technology business – Advent International

About Advent International

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 350 private equity transactions in 41 countries, and as of March 31, 2020, had €44 billion in assets under management.

Advent International GmbH was established in Germany in 1991 and provides investment advice to Advent International Corporation through its Frankfurt-based advisory team. The team has advised on investments of about €5.2 billion in more than 30 companies across a variety of sectors and markets including Germany, Austria, Switzerland as well as Central and Eastern Europe. The Frankfurt team advises on buy-outs and growth equity investments in five core sectors, including business and financial services; healthcare; industrial and chemicals; retail, consumer and leisure; and technology.

Over the last three years, our German speaking investments include Innio, a leading global producer of reciprocating gas engines for power generation and mechanical drive/gas compression; Röhm, one of the global market leaders in methacrylate chemicals; Deutsche Fachpflege Gruppe, Germany’s largest outpatient intensive care producer and Concardis Payment Group, now part of Nets, a leading provider of digital payment solutions.

After 35 years dedicated to international investing, Advent International Corporation remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

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About Cinven

Founded in 1977, Cinven is a leading international private equity firm focused on building world-class European and global companies. With a track record spanning more than 30 years, Cinven’s focus is on delivering attractive returns to its funds’ investors. Cinven Funds have invested in more than 130 companies, and the firm currently has €22bn in assets under management.

Cinven focuses on six key sectors: Business Services, Consumer, Financial Services, Healthcare, Industrials, and Technology, Media and Telecommunications (TMT). Cinven has more than 100 investment professionals and more than 190 staff across its global offices.

Cinven takes a responsible approach towards its portfolio companies, their employees, suppliers, local communities, the environment and society. The firm has a strong track record of growing businesses organically and through buy and build.

Cinven has a strong track record in Germany and its funds and portfolio companies have acquired more than 50 companies in the DACH region to date. The companies in which Cinven is currently invested, headquartered in Germany, currently employ almost 31,000 people. Current investments in the region include: STADA, the European manufacturer of prescription generics and over-the-counter (‘OTC’) products; Synlab, a leading European provider of medical diagnostic services and Viridium, a leading specialist in the management of life insurance portfolios in Germany.

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Cinven Capital Management (V) General Partner Limited, Cinven Capital Management (VI) General Partner Limited and Cinven Capital Management (VII) General Partner Limited are each authorised and regulated by the Guernsey Financial Services Commission and Cinven Partners LLP, the advisor to the Cinven Funds, is authorised and regulated by the Financial Conduct Authority.

In this press release ‘Cinven’ means, depending on the context, any of or collectively, Cinven Group Limited, Cinven Partners LLP, Cinven (LuxCo1) S.A., and their respective Associates (as defined in the Companies Act 2006) and/or funds managed or advised by any of the foregoing.

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