Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Posts Tagged ‘Advent International’

The acquisition of Stokomani from Advent International

Posted by fidest press agency su lunedì, 7 maggio 2012

Paris, Sagard, Jean Jacques Namani (President of Stokomani) and his management team announced today that they have signed an agreement to acquire, from Advent International, Stokomani, the leading French discount wholesaler of leading brands. This transaction should be finalised by June 2012. The value of the transaction was undisclosed. For over 50 years, Stokomani has been the leading French specialist discounter of end-of-line products. Through its network of 37 stores, Stokomani offers a large range of constantly renewed brand name goods at attractive prices in the clothing, sportswear, beauty and healthcare, home ware or toy sectors. It is based on this unique concept, developed by Jean-Jacques Namani, the son of the company’s founder, that the group has achieved strong performance, doubling its size in five years and, today has sales of nearly 200 million euros. Frédéric Stolar, Partner at Sagard, declared: “We are delighted to accompany Jean-Jacques Namani in this new phase in the group’s development. We particularly appreciate the relevance of Stokomani’s model in the current economic environment, where consumers are seeking quality goods at attractive prices. In unfavourable conditions for specialised distribution, Stokomani has increased its turnover by over 15% per year, thanks to a remarkable management team and a permanently renewed offer. We are also delighted to be able to finalize this transaction in a difficult LBO market – evidence of the confidence that Stokomani and Sagard hold with senior and mezzanine lenders who are financing the transaction and thank them for that.”
Sagard is a French investment fund that provides equity capital to support the development of mid-sized companies led by ambitious management teams. Created by the Desmarais family (Power Corporation of Canada) in 2003, it manages close to €1.5 billion in funds. Since 2004, Sagard and its team of 10 professionals have carried out 20 investments in the industrial and service sectors. For more information, please visit http://www.sagard.com
Founded in 1984, Advent International is one of the world’s leading global buyout firms, with offices in 16 countries on four continents. A driving force in international private equity for 27 years, Advent has built an unparalleled global platform of over 160 investment professionals across Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, strategic repositioning opportunities and growth buyouts in five core sectors, working actively with management teams to drive revenue growth and earnings improvements in portfolio companies. Since inception, Advent has raised €19.4 billion in private equity capital and, through its buyout programmes, has completed over 270 transactions in 35 countries. For more information, visit http://www.adventinternational.com.

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Largest investment in the Indian healthcare space this fiscal

Posted by fidest press agency su mercoledì, 4 aprile 2012

Mumbai.Advent International, one of the world’s leading global private equity firms, today announced a partnership with the founders of CARE Hospitals (“CARE”). Advent will invest USD 105 million (INR 523 crore) of equity capital in CARE by acquiring shares from some of the existing investors and injecting additional capital into the business. This will help the business consolidate its position in the healthcare sector and capitalise on the growth opportunities. The business will continue to be run by the founders following Advent’s investment. CARE is the largest multi-specialty hospital chain in South India, with strength in cardiac care, neurology, nephrology and general medicine. The hospital chain is ranked number 5 by number of beds and by revenue in India and has a significant market position in the state of Andhra Pradesh. CARE has hospitals in Vishakhapatnam, Raipur, Bhubaneshwar, Nagpur, Surat and Pune along with Hyderabad, and is poised for further growth and expansion in Tier II cities. CARE Hospitals was founded in 1997 by senior Doctors and medical professionals and has grown its capabilities and footprint organically as well as with the help of a number of important JV partners. These partners will be part of the team that will continue to develop and grow the business over time. Commenting on the partnership, Georg Stratenwerth, Managing Director, Advent India PE Advisors Private Limited, said, “Advent is pleased to join forces with CARE and its founder group, led by Dr. B. Soma Raju and Dr. N. Krishna Reddy. We believe that there is tremendous potential in the Indian healthcare market. Through this union, Advent brings relevant global experience to support CARE’s expansion plans in India. CARE aspires to match the best international benchmarks in healthcare delivery and we are committed to supporting them in this endeavour.”
About Advent International in India
This deal marks Advent’s third investment in India. Other investments are, CAMS, the leading Indian provider of outsourced transaction processing for mutual funds & insurance, and Element-K, a corporate e-learning business acquired by SkillSoft, a North American portfolio company of Advent. Advent has been focussed on India for a number of years and opened an office in Mumbai in 2009 to build a local team which can enable its investment process. This team consist of 6 investment advisory professionals and 8 Operating Partners/Advisors who bring with them a wealth of relevant industry experience.
Founded in 1984, Advent International is one of the world’s leading global private equity firms, with offices in 16 countries on four continents. A driving force in international private equity for 27 years, Advent has built an unparalleled global platform of over 160 investment professionals across Western and Central Europe, North America, Latin America and Asia. The firm focuses on growth investments, strategic repositioning opportunities and international investments in five core sectors (Healthcare, Business and Financial Services, Retail, Consumer and Leisure, Industrial and Telecoms, Media and Technology), working actively with management teams to drive revenue growth and earnings improvements in portfolio companies. Since inception, Advent has raised $26 billion in private equity capital and, through its investment programs, has completed over 270 transactions in 35 countries. For more information, visit http://www.adventinternational.com.

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