Despite a retrenchment of London- and New York-based GPs from the CEE market, competition on the ground has not seen a commensurate decrease. This is down to a remaining strong core of local players, according to Advent International director Dan Morgan, speaking to unquote” editor-in-chief Kimberly Romaine in a recent video interview.

Some local players are even planning new offices as others close down, with Advent set to open shop in Turkey this summer.

Morgan further reveals why take-privates - despite a recent uptick including two by Advent - are not set to take off in the region, stressing that the quality of a target, not its source, remains of paramount importance to deal doing in CEE. View the full interview in the video above.