The global buyout firm has raised $1.3 billion for the biggest Latin America-focused private equity fund ever. Advent’s Latin America CEO told PrivateEquityOnline that investments in the service sector will be the fund’s sweet spot.
Waterland Private Equity Investments and Prime Technology Ventures have sold GlobalCollect, an e-payment service provider, to General Atlantic for an undisclosed amount.
European buyout firm Permira has sold Takko, a German fashion discount chain, to Advent International for €770 million. The deal comes as Permira looks to sell another retail asset – UK high street chain New Look.
The Carlyle Group is preparing a $22 billion takeover bid for UK cable TV and mobile phone business Virgin Media, as it looks to replicate the success of its previous European investments in the sector.