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Advent International Promotes Eighteen

The global private equity firm promoted 18 of its members worldwide.


The global private equity firm, promoted 18 of its members worldwide

Fred Wakeman, head of its TMT team, will assume the role of managing partner of its London office. Patrice Etlin and Alfredo Alfaro were promoted to managing partner roles after having led Advent's development in Brazil and Mexico City.

Advent also promoted seven professionals to managing director - Luiz Antonio Alves in Brazil, Ronald Ayles and Ranjan Sen in Frankfurt, Filippo de Vecchi in Milan, Stephen Hoffmeister in Boston, Monika Morali-Efinowicz in Warsaw, and Luis Solorzano in Mexico.

"These promotions reflect our commitment to developing our organization to better enable us to make investments in an increasingly complex environment," said Steve Tadler, chairman of Advent's executive committee and one of its existing managing partners. "Over the past 18 to 24 months, we have created additional investment team capacity by successfully divesting a considerable portion of our portfolio. In addition, we have ample capital to invest in new deals, having raised $14 billion in private equity funds globally during this period."

In London, Nick Rose was promoted to director and Johanna Reineke was boosted to an assistant director role. Thomas Weisman was also promoted to assistant director.

In Milan, Roberto Torrini was promoted to director and Francesco Casiraghi was promoted to assistant director. In Paris, Damien Lestang was promoted to director.

In Prague, Milan Kulich was promoted to assistant director; in Warsaw, Christian Senye was promoted to director.

"Moving into 2009, we believe Advent is well-positioned in the current environment," Tadler said. "Over the past 18 to 24 months, we have created additional investment team capacity by successfully divesting a considerable portion of our portfolio. In addition, we have ample capital to invest in new deals, having raised $14 billion in private equity funds globally during this period. Today, we have a large team of 140 investment professionals and nearly 60 operating partners to actively support existing companies and source new opportunities."

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