Advent International has acquired a 50% stake in Spanish explosives supplier Maxam as part of a secondary buyout valued at almost €900m. The deal represents an exit for Portobello Capital and Vista Capital.
Merged company will have combined revenues of around €8m in 2020, and employ over 50 staff.
Digitalisation and project life cycle management business intends to expand in DACH and Benelux
Fund invests in pre-series-A and series-A rounds to support the growth of startups operating across a large variety of sectors
In conjunction with the announcement, the firm has hired an investment team from TenX Health