Advent International has announced the opening of its Prague office, led by Chris Mruck. From this office, Advent will cover investment in the Czech and Slovak Republics and Hungary. With offices in Warsaw and Bucharest, this latest opening sees Advent continue its push into Central & Eastern Europe. Chris Mruck has extensive experience of the region, gleaned from ten years as head of the EBRD's Czech office. He joined Advent in 1997 and has worked on a number of CEE investments in his time at the firm, including Bulgarian Telecommunications Company, CCS and Brewery Holdings in Romania. Mruck will be joined in Prague by Michal Aron and Milan Kulich, who will join Advent in the summer.
Danish VC Heartcore Capital, UVC Partners and existing investor Picus Capital also take part
Deal is an extension of the $4.1m series-A funding round led by Blossom Capital in October 2019
Fresh capital will help the provider of cloud access services expand in western Europe
DBay has also negotiated a new revolving credit facility for the transport and logistics company