M&A Deal Summary

Advent International Acquires Imperial Dade

On May 2, 2022, private equity firm Advent International acquired distribution company Imperial Dade from Bain Capital Private Equity

Acquisition Highlights
  • This is Advent International’s 9th transaction in the Distribution sector.
  • This is Advent International’s 98th transaction in the United States.
  • This is Advent International’s 4th transaction in New Jersey.

M&A Deal Summary

Date 2022-05-02
Target Imperial Dade
Sector Distribution
Buyer(s) Advent International
Sellers(s) Bain Capital Private Equity
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs
Harris Williams & Co. (Financial)
Kirkland & Ellis (Legal)

Target

Imperial Dade

Jersey City, New Jersey, United States
website
Imperial Dade is an independent distributor of consumable paper and plastic packaging and supplies sold primarily to the restaurant and retail industries in the New York Tri-State area. Imperial Dade sells foodservice products, healthcare supplies, bags and liners, chemicals, janitorial goods, and safety supplies. Imperial Dade was founded in 1932 and is based in Jersey City, New Jersey.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 317 of 330
Sector (Distribution) 9 of 9
Type (Secondary Buyout) 52 of 52
State (New Jersey) 4 of 4
Country (United States) 98 of 100
Year (2022) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 IRCA

Gallarate, Italy

IRCA is a manufacturer of ingredients and food products for pastry-making, baking and ice-cream retailing. IRCA was established in 1919 and is based in Gallarate, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 GHL Hotels

Bogota, Colombia

GHL Hotels offers solutions for accommodation, events, restaurants, and entertainment in each of the 62 properties they manage. GHL Hotels has more than 56 years of experience operating world-renowned brands such as Sheraton, Four Points by Sheraton, Sonesta, Hyatt, and Radisson.

Buy -

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 132 of 138
Sector (Distribution) 5 of 5
Type (Secondary Buyout) 26 of 29
State (New Jersey) 6 of 6
Country (United States) 83 of 84
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 athenahealth

Watertown, Massachusetts, United States

athenahealth is a provider of Internet-based business services for physician practices. The Company's service offerings are based on proprietary web-native practice management and electronic health record (EHR) software, a continuously updated payer knowledge-base, integrated back-office service operations, and live patient communications services. athenahealth was founded in 1997 and is based in Watertown, Massachusetts.

Buy $17.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Oac

St Leonards, Australia

Only About Children owns and operates a network of upmarket long day care centers across the states of New South Wales and Victoria in Australia.

Sell AU$450M