your password has been reset successfully, Please login again.

Advent International Leads 9th Global Private Equity Fund and Raises $ 17.5 Billion

Advent International can escalate the amount it may invest in India as it currently acquires controlling stakes in two firms in the last two years.
BY BEx Bureau
BusinessEx
Jun 07, 2019

The British private equity firm, Advent International has led its ninth global private equity fund and raised up to $ 17.5 billion. Through this, the company can escalate the amount it may invest in India as it currently acquires controlling stakes in two firms in the last two years.

The fund hit a hard cap after having surpassed its initial target of $16 billion after six months in the market, the British PE firm, Advent said in its statement, as reported by daily news, VC Circle.

The previous global private equity fund of the company in 2016 garnered $13 Billion.

The new fund will invest in the buyout, corporate carve-out, public-to-private and growth equity transactions. It will primarily look at deals in Europe and North America and selectively in Asia and Latin America, the company said, according to the same media report.

The current global private equity fund will focus on 5 industries which are important to Advents strategy that is; consumer and leisure; and technology, business and financial services; healthcare; industrial and media and telecom.

The successful fundraising marks a significant milestone for the private equity and increases the amount of capital that may be deployed in India, MD and Head of India Business, Shweta Jalan told the same daily news.

Please add your Comment
SIMILAR News
June 24, 2019
As per the transaction, Ankit Somani will also be a part of the board of ConceptOwl to enhance the o ...More
By Jaspreet Kaur
June 24, 2019
The Indian startup, Scentials Beauty Care and Wellness has obtained INR 25 Crore in Series A round o ...More
By Jaspreet Kaur
June 21, 2019
According to the transaction, M&MFIN, which is administered by Mahindra Finance, will acquire a 51 p ...More
By Jaspreet Kaur
June 20, 2019
A cluster of affluent individuals and angel investors had partaken in the funding round. ...More
By Jaspreet Kaur
June 20, 2019
Currently, SFL acquires 50.1 per cent shares in the synergy, Sundaram BNP Paribas Home Finance Ltd. ...More
By Jaspreet Kaur
June 19, 2019
IT firm, Cognizant has proclaimed to have acquired Zenith Technologies for an undisclosed sum. ...More
By Jaspreet Kaur
June 19, 2019
The food delivery company, Swiggy is in discussions to raise nearly INR 1,393 Crore for the US-based ...More
By Jaspreet Kaur
June 18, 2019
Kredily helps to digitise businesses and automate HR as well as payroll-related duties. ...More
By Jaspreet Kaur
June 18, 2019
Tech Mahindra, a subsidiary of Mahindra Group, is buying Canadian IT consultancy, Objectwise for rou ...More
By Jaspreet Kaur
June 17, 2019
The tech giant, Amazon is in talks with the Indian supply chain firm, NinjaCart to make a huge inves ...More
By Jaspreet Kaur
June 17, 2019
Ascendas Property Fund Trustee manages Ascendas trust and had signed a concord with Nalanda Shelter, ...More
By Jaspreet Kaur
June 14, 2019
Since April 2017, Nikkei, as well as NewsRise, have been collectively rendering English-language new ...More
By Jaspreet Kaur