Advent International has entered into exclusivity over the acquisition of industrial supplies provider IPH from PAI Partners.
GP makes fifth investment from the €160m Pechel Industries IV vehicle
Deal is the fourth acquisition in 2017 for the GP's €323.5m second vehicle, Ambienta Fund II
New vehicle follows from Phoenix Equity Partners 2010, which closed in June 2010 on £450m
TCR Capital sells its majority stake to IDI and family office Groupe Chevrillon