Advent International has acquired a significant stake in Imperial Dade, a distributor of foodservice packaging, from Bain Capital Private Equity.

Imperial Dade is an independently owned and operated distributor of foodservice packaging, facilities maintenance supplies, and equipment in North America. The firm provides supply chain services to over 90,000 customers in the foodservice, grocery, and hospitality market segments.

Advent International is a private equity investor and has invested in over 390 private equity investments across 41 countries and has $88 billion in assets under management. Bain Capital Private Equity has made primary or add-on investments in more than 1,000 companies and creates value for companies through its expertise in industries like healthcare, retail, financial and business services.

Goldman Sachs & Co. LLC and Harris Williams are serving as financial advisors, PwC is serving as accounting advisor, and Kirkland & Ellis LLP is serving as legal advisor to Bain Capital and Imperial Dade. Baird is serving as financial advisor, and Weil, Gotshal & Manges LLP is serving as legal advisor to Advent.