Boasso Global, Inc. (Boasso) and Q Super Holdings, Inc. (Quala) announced the signing of a definitive agreement under which the companies will merge their complementary businesses to create one of the leading infrastructure services solution providers for the liquid bulk logistics industry. The transaction is supported by a new investment from Boasso’s majority shareholder, KKR, through its KKR…
Advent International (Advent), a global private equity investors, has entered into a definitive agreement to acquire significant stake in Suven Pharmaceuticals(Suven Pharma or Suven) from the Jasti family, subject to regulatory approvals and conditions. Post the completion of this landmark acquisition, Advent intends to explore the merger of its portfolio company, Cohance Lifesciences (Cohance) with…
Tredence, the Data Science and AI Solutions company, announced it has raised USD 175 million in Series B funding from Advent International (Advent) to accelerate data-fueled growth and AI value realization for industries. Advent is one of the largest and most experienced global private equity investors. Advent will acquire a minority stake in Tredence with…
McAfee Corp. (McAfee), a global leader in online protection, announced the completion of its acquisition by an investor group led by Advent International Corporation (Advent) and funds advised by Permira, Crosspoint Capital Partners L.P. (Crosspoint), Canada Pension Plan Investment Board (CPP Investments), GIC Private Limited (GIC), and a wholly-owned subsidiary of the Abu Dhabi Investment…
Advent International, a global private equity firm, announced the completion of the merger of its portfolio companies Dixcy Textiles Pvt. Ltd and Gokaldas Intimatewear Pvt. Ltd, the parent company of brand Enamor. The new merged entity will take the name of Modenik Lifestyle Pvt Ltd. and will be headquartered in Bengaluru. “The merger of two well…
Shift Technology, a SaaS provider of artificial intelligence (AI)-driven decision automation and optimization solutions for the global insurance industry, announced the company closed a Series D investment round of $220 million led by Advent International, through Advent Tech, with participation from Avenir and others. Previous Series C participants Accel, Bessemer Venture Partners, General Catalyst, and…
Cyware, the industry’s only Virtual Cyber Fusion platform provider, announced that it raised $30 million in Series B funding round led by Advent International through Advent Tech, as well as Ten Eleven Ventures. Existing investors that include the Prelude Fund (the venture practice at Mercato Partners), Emerald Development Managers, Great Road Holdings and Zscaler also…
Zenoti, a cloud software provider for the spa, salon, and med spa industries, has raised $160 million in Series D funding at a valuation of over $1 billion. The funding round was led by Advent International, a US-based private equity firm. Existing investors Tiger Global and Steadview Partners also participated in the round. Till now, the…
Tekion, a cloud technology company and provider of SaaS retail operating platform, Automotive Retail Cloud, announced its Series C financing round of $150 million at over a $1 billion valuation. The funding round was led by Advent International, one of the largest and most experienced global private equity investors, with participation from Index Ventures, Exor…
Sovos Brands, a food company backed by global private equity firm Advent International, announced that it has signed an agreement to acquire the business of Birch Benders, a fast-growing producer of delicious, better-for-you Pancake and Waffle Mixes, Toaster Waffles, and Pancake and Baking Cups. The transaction is expected to be completed by the end of…
Advent International has announced the appointment of Sunil Sethi as the new Executive-Chairman for Dixcy Textiles Private Limited and Gokaldas Intimatewear Pvt. Ltd. In his new appointment, Sethi will chair the board of directors, and be actively involved in leading the long-term business strategy to drive the next phase of growth for Dixcy and Gokaldas’s…