Advent International to invest $13 billion in European buyouts, including Polish

Advent International, one of the largest global private equity investors, announced that it has completed fundraising for Advent International GPE VIII Limited Partnership, reaching $13 billion (or €12 billion) after six months in the market. GPE (Global Private Equity) VIII will pursue the same strategy as its predecessor funds, investing in buyouts, recapitalizations and growth equity transactions, primarily in Europe (including Poland), North America, Asia and Latin America. "There are many companies in Poland with high growth potential in both domestic and foreign markets, but they often lack the capital. Advent is able to provide them not only needed funds, but also the international knowledge and sector expertise necessary for introducing the company to the next level of development," the statement informed. Founded in 1984, Advent International has invested $30 billion (€23 billion) in more than 300 private equity transactions in 40 countries.