Advent International

Ropes & Gray Expands 500-Lawyer New York Office with Tax Partner Eric Behl-Remijan

Retrieved on: 
Thursday, June 1, 2023
Altera, Employment, Health, Lawyer, Sale, Intel, Ropes & Gray, Brookfield (corporation), Acquisition, Advent International, Wells Fargo, Financial services

NEW YORK, June 1, 2023 /PRNewswire/ -- Global law firm Ropes & Gray announced today that Eric Behl-Remijan, a leading tax attorney, has joined the firm as a partner, based in the firm's 500-lawyer New York office.

Key Points: 
  • NEW YORK, June 1, 2023 /PRNewswire/ -- Global law firm Ropes & Gray announced today that Eric Behl-Remijan, a leading tax attorney, has joined the firm as a partner, based in the firm's 500-lawyer New York office.
  • Ropes & Gray continues to expand its market-leading M&A and deal capabilities with talented lawyers, such as Eric.
  • "Clients praise his technical excellence, commercial approach and client service, making him a great fit for Ropes & Gray."
  • "Ropes & Gray is known around the globe for its leading practices in private equity, M&A, asset management and restructuring," Eric said.

Advent Technologies and Safran Power Units Sign MoU to Advance HT-PEM Fuel Cell Technology for the Aerospace Sector

Retrieved on: 
Wednesday, May 31, 2023
Environment, Technology, Other Energy, Engineering, Aerospace, Alternative Energy, Manufacturing, Green Technology, Energy, Hardware, Hydrogen, French National Centre for Scientific Research, Business development, Partnership, Advent International, National Centre for Universities and Business, University, Joint, French Alternative Energies and Atomic Energy Commission, HT, Aviation, ADN, Research, Technology Center, University of Strasbourg, Green, Strategic management, Safran, Fraunhofer Society, Memorandum of understanding, Sustainable energy, Scientific method, Renewable energy, Airline, Advent

Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today signed a Memorandum of Understanding ("MoU") with Safran Power Units, a leader in auxiliary power systems and turbojet engines.

Key Points: 
  • Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today signed a Memorandum of Understanding ("MoU") with Safran Power Units, a leader in auxiliary power systems and turbojet engines.
  • Leveraging Advent's proprietary Ion Pair™ Membrane Electrode Assembly (“MEA”) technology, and Safran Aerospace knowledge and capabilities, this new collaboration will seek to advance the development of next-generation high-temperature proton exchange membrane (“HT-PEM”) fuel cell technology, specifically for the aerospace sector.
  • "We are excited about the collaboration with Safran Power Units, as it signifies a major leap forward in advancing our HT-PEM fuel cell technology for the aerospace sector," commented Dr. Vasilis Gregoriou, Advent’s Chairman and CEO.
  • By combining our strengths, we are confident in our ability to spearhead the advancement of HT-PEM fuel cell technology in the aerospace sector.

David Roberts Joins Great Hill Partners as Managing Director

Retrieved on: 
Wednesday, May 31, 2023
Banking, Fintech, Professional Services, Finance, Telecom, Bear Stearns, Travel, Digital, Wharton School of the University of Pennsylvania, Momondo, MBA, E-commerce, Princeton University, Quadrangle Group, Investment, Restaurant, Advent International, Growth, Wayfair, BA, Management, Economics, Great Hill

Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, today announced that David Roberts has joined as a Managing Director.

Key Points: 
  • Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, today announced that David Roberts has joined as a Managing Director.
  • Mr. Roberts joins the firm’s Digital Commerce team, focusing on investments across eCommerce, marketplaces, consumer products, services and adjacent enabling software verticals.
  • “We’re delighted to welcome Dave to the Digital Commerce investment team and to the broader Great Hill family,” said Michael Kumin, Managing Director.
  • Mr. Roberts joins Great Hill after 11 years at Advent International, where he focused on investments in growth businesses in the consumer sector.

HYPR Celebrates Best Q1 in Company History and Triples The Number of Users Deployed

Retrieved on: 
Wednesday, May 24, 2023
Acceleration, JPMorgan Chase, MFA, Financial services, CSO, ISO, Risk management, CISO, CISA, GAAP, Aon, Organization, Wiz, Passwordless authentication, Gold, Risk, ARR, ISO 27001, Advent International, Growth, FIDO, Environment, ADA, Management

Experiencing its highest performing Q1 this year, HYPR surpassed previous ARR achievements in the company’s decade-long history.

Key Points: 
  • Experiencing its highest performing Q1 this year, HYPR surpassed previous ARR achievements in the company’s decade-long history.
  • As of Q1 2023, HYPR also tripled the number of users actively deployed year over year, expanded its partner ecosystem and extended its product leadership.
  • “We are excited to mark our highest performing Q1 in company history.
  • Additionally, predictable monthly product releases deliver updates that help customers adhere to the latest regulatory guidance and security framework best practices.

EQS-News: Atlantic BidCo’s voluntary public takeover offer for Aareal Bank AG to be closed

Retrieved on: 
Monday, May 22, 2023
European Central Bank, Aareal Bank, Housing, Bidding, Digital Solutions, Central bank, Advent International, Acquisition, Investment, ECB, International investment agreement, Growth, Digital, Bank, Centerbridge Partners, Environment, CPP Investment Board, Software, Security (finance)

Atlantic BidCo had secured around 84 per cent of Aareal Bank shares at an offer price of €33.00 per share in the course of a voluntary public takeover offer last year.

Key Points: 
  • Atlantic BidCo had secured around 84 per cent of Aareal Bank shares at an offer price of €33.00 per share in the course of a voluntary public takeover offer last year.
  • At completion, the Bidder said it will own around 90 per cent of the shares.
  • Following the closing of the transaction, Aareal Bank Group will continue to pursue its strategic goals based on the “Aareal Next Level” strategy.
  • Jochen Klösges, CEO of Aareal Bank said, “Aareal Bank Group has demonstrated that its strategy is viable even under very challenging conditions.

EQS-News: Atlantic BidCo GmbH: Atlantic BidCo receives all regulatory approvals to complete the voluntary public takeover offer for Aareal Bank AG – Settlement of takeover offer expected in June

Retrieved on: 
Monday, May 22, 2023
FGS Global, European Central Bank, Aareal Bank, Bidding, CPP Investment Board, Central bank, Advent International, FGS, EUR, ECB, TEL, Centerbridge Partners, Security (finance), Holding company

Frankfurt, 22 May 2023 – Atlantic BidCo GmbH (the “Bidder”) today announced that, following the approval by the European Central Bank (“ECB”), it has now obtained all regulatory clearances related to the voluntary public takeover offer for the shares of Aareal Bank AG (“Aareal Bank”).

Key Points: 
  • Frankfurt, 22 May 2023 – Atlantic BidCo GmbH (the “Bidder”) today announced that, following the approval by the European Central Bank (“ECB”), it has now obtained all regulatory clearances related to the voluntary public takeover offer for the shares of Aareal Bank AG (“Aareal Bank”).
  • With today’s approval by the ECB, all offer conditions have now been fulfilled and the settlement of the takeover offer will take place by 7 June 2023.
  • Shareholders that accepted the offer will receive the consideration of EUR 33.00 per tendered Aareal Bank share.
  • Following closing of the takeover offer, the Bidder will own approximately 90 percent of the share capital and the voting rights of Aareal Bank.

ExpertusONE "Boundaryless" LMS to Modernize the Future of Work

Retrieved on: 
Monday, May 22, 2023
Architectural Forum, Partnership, LMS, Data science, IP, Data, Advent International, Learning management system, Management, Sales, AI, Databricks

SANTA CLARA, Calif., May 22, 2023 /PRNewswire-PRWeb/ -- Tredence, the Data Science and AI Solutions company, has achieved Elite Partner status from Databricks.

Key Points: 
  • SANTA CLARA, Calif., May 22, 2023 /PRNewswire-PRWeb/ -- Tredence , the Data Science and AI Solutions company, has achieved Elite Partner status from Databricks.
  • The partnership has delivered 5 industry-specific Brickbuilder Data and AI solutions that accelerate time to value for shared enterprise customers.
  • "Tredence and Databricks' strategic partnership will fulfill the new enterprise mandate towards accelerated transformation, efficiency and optimization.
  • The fresh capital will help Tredence strengthen its vertical and domain expertise, IP and accelerator repository, channel partner development and operational excellence.

Tredence attains Databricks Elite Partner status, reinforcing commitment to cutting-edge industry Data and AI solutions on Lakehouse

Retrieved on: 
Thursday, May 18, 2023
Architectural Forum, Partnership, Data science, IP, Data, SAN, Advent International, Sales, AI, Databricks

SAN JOSE, Calif., May 18, 2023 /PRNewswire/ -- Tredence, the Data Science and AI Solutions company, has achieved Elite Partner status from Databricks.

Key Points: 
  • SAN JOSE, Calif., May 18, 2023 /PRNewswire/ -- Tredence , the Data Science and AI Solutions company, has achieved Elite Partner status from Databricks.
  • The recognition acknowledges Tredence's Data & AI Industry expertise and success leveraging innovative Brickbuilder solutions like ATOM.AI on the Databricks Lakehouse Platform, further establishing the company's commitment to driving data and AI transformation for clients.
  • The partnership has delivered 5 industry-specific Brickbuilder Data and AI solutions that accelerate time to value for shared enterprise customers.
  • With the achievement of Databricks Elite Partner status, Tredence reinforces its authority as a leader in the Data and AI industry.

First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock

Retrieved on: 
Monday, May 15, 2023
Workforce, Attention, Common stock, Communication, Hostility, Advertising, Intellectual property, Food, Employment, Failure, Telephone, COVID-19, Infection, EDGAR, Privacy, Social media, Terrorism, Sale, Advent International, Health, Prospectus, Jefferies Group, Restaurant, Offering, Lunch, Madison Avenue, Container deposit legislation in the United States, Growth, Weather, Security (finance)

BRADENTON, Fla., May 15, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), a leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the launch of an underwritten secondary offering (the “Offering”) by certain funds managed by Advent International Corporation (the “Selling Stockholders”) of 3,500,000 shares of the Company’s common stock (“Common Stock”).

Key Points: 
  • BRADENTON, Fla., May 15, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), a leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the launch of an underwritten secondary offering (the “Offering”) by certain funds managed by Advent International Corporation (the “Selling Stockholders”) of 3,500,000 shares of the Company’s common stock (“Common Stock”).
  • The underwriter has a 30-day option to purchase up to an additional 525,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions.
  • The Company is not selling any shares of Common Stock in the Offering and will not receive any proceeds from the Offering.
  • Jefferies LLC is acting as the sole underwriter of the Offering.

Baxter Signs Definitive Agreement to Divest its BioPharma Solutions Business to Advent International and Warburg Pincus for $4.25 Billion

Retrieved on: 
Monday, May 8, 2023
Biotechnology, Pharmaceutical, Finance, Health, Banking, Health Technology, Professional Services, Health Insurance, IC Group, West Pharmaceutical Services, DSM-IV codes, Partnership, Modernizing Medicine, ICE, Health care, Baxter, Infection, Perella Weinberg Partners, Cleary Gottlieb Steen & Hamilton, Summit Health, Baxter International, Warburg Pincus, Bausch & Lomb, Dendrite International, Inc. v. Doe No. 3, Oliver Cromwell, Truist, Ropes & Gray, CDMO, Syneos Health, Sullivan & Cromwell, Patient, Investment, Advent International, Growth, NYSE, BPS, Fine chemical, Pharmaceutical industry, Advent

Baxter International Inc. (NYSE:BAX), a leading global medtech company, today announced that it has signed a definitive agreement to divest its BioPharma Solutions (“BPS”) business to Advent International (“Advent”), one of the largest and most experienced global private equity investors, and Warburg Pincus, a leading global growth investor.

Key Points: 
  • Baxter International Inc. (NYSE:BAX), a leading global medtech company, today announced that it has signed a definitive agreement to divest its BioPharma Solutions (“BPS”) business to Advent International (“Advent”), one of the largest and most experienced global private equity investors, and Warburg Pincus, a leading global growth investor.
  • Under the terms of the definitive agreement, Baxter will receive $4.25 billion in cash, subject to certain closing adjustments, with net after-tax proceeds currently estimated to be approximately $3.4 billion.
  • Baxter intends to utilize the after-tax proceeds to reduce its debt, consistent with the company’s stated capital allocation priorities.
  • Advent International and Warburg Pincus have extensive experience helping innovative healthcare companies advance their mission and strategic priorities.