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Advent International To Acquire A Significant Stake In Imperial Dade, A Leading North American Distributor Of Food Service Packaging And Janitorial Supplies, From Bain Capital Private Equity

May 02, 2022•over 3 years ago

Acquiring Company

Advent International

Acquired Company

Imperial Dade

Jersey CityInvestment ManagementManufacturingSoftware

Description

Advent International (“Advent”), today announced it has signed a definitive agreement to acquire a significant stake in Imperial Dade (the “Company”), the leading distributor in North America of foodservice packaging and janitorial supplies, from Bain Capital Private Equity (“Bain Capital”). Bain Capital, which first invested in Imperial Dade in 2019, and Advent will have joint Board governance. Imperial Dade will continue under the leadership of Robert and Jason Tillis, Chairman and CEO respectively, who remain significant investors in the business alongside the current management team. Financial terms of the private transaction were not disclosed.

Company Information

Company

Advent International

Location

800 Boylston Street

About

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 390 private equity investments across 41 countries, and as of December 31, 2021, had $88 billion in assets under management. Advent has considerable experience in distribution, having previously supported market leaders such as ABC Supply, MORSCO Inc., Distribution International, Rubix and Caldic. With 15 offices in 12 countries, Advent has established a globally integrated team of over 250 investment professionals across North America, Europe, Latin America, and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology. For over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies. For more information, visit Website: www.adventinternational.com LinkedIn: www.linkedin.com/company/advent-international

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