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  • Matt Ting

Why Advent International for Private Equity? / Overview of Advent International


Overview


Advent International is a global private equity firm with assets under management of $96B. Advent invests in business and financial services, healthcare, industrial, consumer retail, and technology, but has developed a particular focus on the technology sector with its Advent Tech platform. Advent is a global investor, with offices in over 12 countries.


Advent International is a pure-play private equity investor and manages one of the largest funds in the world. Advent raised its largest-ever private equity fund of $25B in 2022.


In 2022, Advent was named the leading private equity firm for diversity & inclusion by diversity consulting firm Equality Group.


Advent International Overview


Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Advent International, you should make sure you know:


  • 1 deal that the investment team you are recruiting with has done

  • 1 person at the firm (ideally someone who would have influence over your recruiting process)

  • 1 business model-specific detail to mention


We explain how to answer qualitative questions and research private equity firms in our Private Equity Course. We also teach how to build LBO models and prepare for case study interviews.



Big 3 Qualitative Questions




Selected Transaction


Advent International agreed to acquire Italian dessert ingredient maker IRCA from Carlyle. Advent intends to help the company grow globally and add new products to its offering.

  • Transaction Description: Advent International Corporation agreed to acquire IRCA S.p.A. from The Carlyle Group Inc. (NASDAQ:CG) and other sellers

  • Transaction Date: Announced April 2022

  • Transaction Value: $1.1B enterprise value

  • Press Release


Fact Sheet


Advent International Logo


  • Company Name: Advent International

  • Description: Advent International is a global private equity firm focused on buyouts of companies globally across five core sectors

  • Firm Category: Private Equity / Upper Middle Market

  • Status: Advent International is a privately held company

  • Founded: 1984

  • Assets Under Management: $96B

  • Flagship Fund Size: Advent International GPE X ($25B raised in 2022)

  • Chairman: David Mussafer

  • Headquarters: Boston, USA


Resources


Advent International Glassdoor



Advent International Salary


Based on the H1B Database, the average base salary for an Associate at Advent is $140k - $150k. We note that this salary information may be dated and not reflective of their current pay.