Advent International Acquires Majority Stake in ZIMMERMANN

Otto Group Acquires Advent's Minority Stake in Hermes Germany

November 3, 2025

Logistics & Distribution

Advent International has entered into an agreement to sell its minority stake in Hermes Germany, a logistics services provider in Germany, to the Otto Group. The transaction is expected to close by year end and follows Advent’s 2020 investment arrangement in which it acquired a majority stake in Evri and a minority stake in Hermes Germany alongside Otto Group.

Merit Financial Advisors Acquires Zimmermann Investment Management & Planning

December 20, 2024

Wealth Management

Merit Financial Advisors has acquired Zimmermann Investment Management & Planning, adding approximately $739 million of assets and establishing Merit's fourth office in Pennsylvania. The deal, finalized on December 20, 2024, will see Curt H. Zimmermann join Merit as Partner and Wealth Manager and expands Merit's footprint as part of its ongoing roll-up strategy (Merit's 31st acquisition since taking a minority investment from Wealth Partners Capital Group and investors led by HGGC's Aspire platform).

Advent International to Acquire Significant Stake in Imperial Dade from Bain Capital Private Equity

May 2, 2022

Industrial Services

Advent International has signed a definitive agreement 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. The deal involves joint board governance, while Robert and Jason Tillis continue to lead the business and remain significant investors.

Advent International Acquires Majority Stake in Aimbridge Hospitality from Lee Equity Partners and General Atlantic

January 7, 2019

Restaurants & Hospitality

Advent International has signed a definitive agreement to acquire a majority ownership interest in Aimbridge Hospitality from Lee Equity Partners and General Atlantic. Aimbridge’s senior management will remain in place with a meaningful equity stake as Advent supports the company’s continued growth and international expansion; financial terms were not disclosed.

Advent International Acquires Majority Stake in Siesa

December 2, 2024

Software

Advent International has acquired a majority stake in Siesa, the largest independent ERP provider in Colombia, from Siesint Holdings and former Siesa employees. The co-founder will remain a minority shareholder; Advent said it will support Siesa's next growth phase by investing in product innovation and expanding its offering across retail, hospitality and other industries.

Advent International and Cinven Acquire thyssenkrupp Elevator from thyssenkrupp AG

July 31, 2020

Manufacturing

Advent International and Cinven have completed the acquisition of thyssenkrupp's Elevator Technology business (thyssenkrupp Elevator) from thyssenkrupp AG, with thyssenkrupp AG retaining a substantial minority stake. The global elevator and escalator manufacturer and service provider is headquartered in Germany and will pursue growth through geographic expansion, strategic acquisitions, and investment in R&D backed by the Consortium's financial resources.