Advent International, a global private equity investor, has named Shar Dubey and Mandy Ginsberg as operating partners. Dubey and Ginsberg will work to build Advent’s consumer technology practice and work with the firm’s consumer and technology investment teams as well as the management teams of its portfolio companies.
Dubey and Ginsberg both bring experience in building digital communities and scaling disruptive global businesses, having each previously served as chief executive officer of Match Group, an online dating service provider. Ginsberg served as CEO from 2018-2020 before transitioning the role to Dubey, who held the position until May 2022. During the combined four years under their leaderships, Dubey and Ginsberg helped grow Math Group’s revenue and adjusted operating income by approximately 125 percent, respectively.
“Both executives have an innate understanding of how to build market leaders and digital communities, and as technology becomes a greater part of our lives, community is now more important than ever,” comments Tricia Glynn, managing director on Advent’s consumer team. “Moreover, consumer technology is a high-growth sector that we have closely followed for a number of years and one which we believe is a strategic fit for our investment strategy and operating model, especially with the guidance and partnership of Shar and Mandy.”