BOSTON, Oct. 20, 2016 /PRNewswire/ -- Advent
International, one of the largest and most experienced global
private equity investors, today announced that it has expanded its
retail, consumer and leisure investment team in North America with the addition of
Tricia Patrick as a Managing
Director. She will be based in Advent's Boston office.
During her career, Ms. Patrick has led or participated in
investments in both private and public companies. Prior to Advent,
she spent 12 years with Bain Capital Private Equity, where she
served most recently as a principal in the consumer, retail and
dining sector team. She has closed transactions across the retail,
healthcare, business services, real estate and media sectors, as
well as internationally. Prior to Bain Capital, Ms. Patrick was an
investment professional with the Private Equity Group of Goldman,
Sachs & Co. She currently serves as an independent Board member
of Burlington Stores, Inc.
"Tricia's reputation in the marketplace is outstanding both as a
dealmaker and a highly talented and accomplished leader," said
Advent Managing Partner David Mussafer. "We are very excited that
she is joining our retail, consumer and leisure team as we continue
to grow and execute our differentiated investment strategy
worldwide. She has the skills, experience and passion to thrive at
Advent. We are looking forward to Tricia's contributions to our
team and portfolio companies in the months and years ahead."
"The team at Advent has an exceptional track record globally,
and I am thrilled to be joining such a highly talented and
collegial group of professionals," said Ms. Patrick. "Advent's
focus on growing and nurturing brands and approaching investing as
a partnership with management is impressive. These methods of value
creation are especially critical today, given the powerful changes
the retail, consumer and leisure sector is facing from both the
digital economy and the evolving consumer landscape. I am excited
to take this next step with Advent."
Advent has been investing in the retail, consumer and leisure
industry for 26 years and has completed over 65 investments across
20 countries worldwide. In the last five years, the firm has
invested over $4 billion in 11
companies in the sector. Recent North American investments include
Noosa Yoghurt, lululemon athletica (NASDAQ: LULU), The Coffee Bean
& Tea Leaf, Serta Simmons Bedding, Party City (NYSE: PRTY),
Bojangles' (NASDAQ: BOJA) and Five Below (NASDAQ: FIVE). With Ms.
Patrick's appointment, Advent now has 13 investment professionals
focused on retail, consumer and leisure investing in North America and 38 professionals in this
sector worldwide.
Ms. Patrick earned her MBA, with high distinction, as a Baker
Scholar from Harvard Business School
and her AB in biochemical sciences, cum laude, from
Harvard College. She currently
serves on the board of trustees of the Boston Medical Center.
About ADVENT INTERNATIONAL
Founded in 1984, Advent International is one of the largest and
most experienced global private equity investors. The firm has
invested in more than 300 private equity transactions in 40
countries and as of June 30, 2016,
had $40 billion in assets under
management. With offices on four continents, Advent has established
a globally integrated team of over 180 investment professionals
across North America, Europe, Latin
America and Asia. The firm
focuses on investments in five core sectors, including business and
financial services; healthcare; industrial; retail, consumer and
leisure; and technology, media and telecom. After more than 30
years dedicated to international investing, Advent remains
committed to partnering with management teams to deliver sustained
revenue and earnings growth for its portfolio companies. For more
information, visit www.adventinternational.com.
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SOURCE Advent International