Advent Raises $10.8B For Buyouts In Europe, North America

Law360, New York (November 13, 2012, 3:21 PM EST) -- Private equity giant Advent International Corp. has raised €8.5 billion ($10.8 billion) for its latest buyout fund, one of the most lucrative fundraising efforts since the financial crisis dampened the dealmaking market worldwide in 2008, the Boston-based firm said Monday.

Backing for Advent GPE VII, the firm's seventh and largest-ever fund, came mostly from existing investors but also drew in new partners, Advent said. The major funding support gives Advent the resources it needs to add several large companies to its portfolio, solidifying its place among...
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