Advent International

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.

LG Capital Acquires Stake in 4x4 Capital

Retrieved on: 
Thursday, May 4, 2023
Banking, Professional Services, Finance, Carlyle, Senior, Food industry, AB InBev, CVC, AB, Multimedia, KKR, McKinsey & Company, Creativity, Blackstone, Organization, Goldman Sachs, Acquisition, Investment, Home Delivery, Advent International, Growth, Entrepreneurship, Security (finance), Schwan

4x4 Capital ("4x4"), a leading New York-based investment platform specializing in the consumer, services, and industrials sectors, is proud to announce the addition of LG Capital Investors, the family office of Lawrence Guffey, as a strategic financial investor.

Key Points: 
  • 4x4 Capital ("4x4"), a leading New York-based investment platform specializing in the consumer, services, and industrials sectors, is proud to announce the addition of LG Capital Investors, the family office of Lawrence Guffey, as a strategic financial investor.
  • In early 2023, Mr. Guffey completed the acquisition of a minority stake in 4x4, recognizing the innovative strategy and bright future ahead for the 4x4 team.
  • This investment enables 4x4 to establish a second platform in the food industry, applying its strategic and operational resources and network to foster growth and value creation.
  • His impressive private equity experience and investment track record will undoubtedly contribute to elevating 4x4 Capital and our portfolio companies to new heights," added Alex Medicis, Co-Founder of 4x4 Capital.

Encora Appoints Anand Birje as Chief Executive Officer

Retrieved on: 
Wednesday, May 3, 2023
Space Infrastructure Servicing, HCL, Partner (business rank), Hemant Birje, Warburg Pincus, Advent International, UX, Management, LATAM

SCOTTSDALE, Ariz., May 3, 2023 /PRNewswire/ -- Encora, a global next-gen product engineering provider, today announced that Anand Birje has been appointed as Chief Executive Officer, effective May 15, 2023. Birje will work closely with Encora's founding CEO Venu Raghavan, who remains at the company as Executive Chairman. Birje joins Encora from HCL Tech, where he has served most recently as the President of the Digital Business Services division.

Key Points: 
  • SCOTTSDALE, Ariz., May 3, 2023 /PRNewswire/ -- Encora , a global next-gen product engineering provider, today announced that Anand Birje has been appointed as Chief Executive Officer, effective May 15, 2023.
  • Birje will work closely with Encora's founding CEO Venu Raghavan, who remains at the company as Executive Chairman.
  • Birje joins Encora from HCL Tech, where he has served most recently as the President of the Digital Business Services division.
  • "I am thrilled to join Encora, one of the world's fastest growing digital engineering services companies," said Birje.

Encora Appoints Anand Birje as Chief Executive Officer

Retrieved on: 
Wednesday, May 3, 2023
Space Infrastructure Servicing, HCL, Partner (business rank), Hemant Birje, Warburg Pincus, Advent International, UX, Management, LATAM

SCOTTSDALE, Ariz., May 3, 2023 /PRNewswire/ -- Encora, a global next-gen product engineering provider, today announced that Anand Birje has been appointed as Chief Executive Officer, effective May 15, 2023.  Birje will work closely with Encora's founding CEO Venu Raghavan, who will remain at the company as Executive Chairman. Birje joins Encora from HCL Tech, where he has served most recently as the President of the Digital Business Services division.

Key Points: 
  • SCOTTSDALE, Ariz., May 3, 2023 /PRNewswire/ -- Encora , a global next-gen product engineering provider, today announced that Anand Birje has been appointed as Chief Executive Officer, effective May 15, 2023.
  • Birje will work closely with Encora's founding CEO Venu Raghavan, who will remain at the company as Executive Chairman.
  • Birje joins Encora from HCL Tech, where he has served most recently as the President of the Digital Business Services division.
  • "I am thrilled to join Encora, one of the world's fastest growing digital engineering services companies," said Birje.

U.S. Private Equity Firm Advent International and BCI Complete Acquisition of Maxar Technologies

Retrieved on: 
Wednesday, May 3, 2023
Technology, Other Defense, Finance, Security, Satellite, Photography, Telecommunications, Aerospace, Manufacturing, Defense, Slate, LLP, Covington & Burling, Wachtell, Lipton, Rosen & Katz, BCI, Toronto Stock Exchange, Morgan Stanley, Milbank, Acquisition, Skadden, Arps, Slate, Meagher & Flom, Crown corporations of Canada, Advent International, Weil, Gotshal & Manges, Financial adviser, Maxar Technologies

Maxar Technologies (“Maxar” or the “Company”), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that U.S. private equity firm Advent International (“Advent”), alongside minority investor British Columbia Investment Management Corporation (“BCI”), completed their acquisition of Maxar.

Key Points: 
  • Maxar Technologies (“Maxar” or the “Company”), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that U.S. private equity firm Advent International (“Advent”), alongside minority investor British Columbia Investment Management Corporation (“BCI”), completed their acquisition of Maxar.
  • On December 16, 2022, Advent and Maxar announced that they had entered into a definitive merger agreement under which all outstanding shares of Maxar common stock would be acquired for $53.00 per share in cash, valuing Maxar at approximately $6.4 billion.
  • J.P. Morgan Securities LLC served as financial advisor to Maxar and Wachtell, Lipton, Rosen & Katz served as lead counsel to Maxar.
  • Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC served as financial advisors to Advent and Weil, Gotshal & Manges LLP served as lead counsel to Advent.

GPS Rebrands as “Thredd” to Reflect Its Unique Position as the Go to Payments Partner of Innovators Worldwide

Retrieved on: 
Thursday, April 27, 2023
Technology, Payments, Finance, Security, Fintech, Banking, Electronic Commerce, Professional Services, Software, Digital Cash Management, Digital Assets, Heart, DNA, Partnership, Life, BNPL, Allianz Global Investors, Visa, Temasek, Mastercard, As a service, Advent International, Growth, Ecosystem, Travel, Viking Global Investors, Financial services

Thredd is known for its customer-centred approach to enable payments innovators to launch new card programmes quickly, easily, and cost effectively.

Key Points: 
  • Thredd is known for its customer-centred approach to enable payments innovators to launch new card programmes quickly, easily, and cost effectively.
  • Thredd has created a unique niche as a hands-on, modern processor providing reliable digital payment processing capabilities, including real-time, bespoke card management tools, reporting, and world-class fraud prevention technology.
  • Thredd is the processing partner of choice for an array of verticals, including digital banking, Buy Now Pay Later (BNPL), Travel, and Banking-as-a-Service (BaaS).
  • “Our new brand reflects our renewed focus on enabling our clients to create a more interconnected, accessible, and seamless payments ecosystem.