Investment Summary

Advent International Invests In Wiz

On April 7, 2021, private equity firm Advent International invested in information technology company Wiz

Investment Highlights
  • This is Advent International’s 24th transaction in the Information Technology sector.
  • This is Advent International’s 88th transaction in the United States.
  • This is Advent International’s 7th transaction in New York.

Investment Summary
Date 2021-04-07
Target Wiz
Sector Information Technology
Investor(s) Advent International
Deal Type Venture

Target

Wiz

New York, New York, United States
Wiz is a new approach to cloud security that finds the most critical risks and infiltration vectors with complete coverage across the full stack of multi-cloud environments. Wiz was formed in 2020 and is based in New York City.

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Investor(S) 1

Investor

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

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 300 of 340
Sector (Information Technology) 24 of 31
Type (Venture) 11 of 15
State (New York) 7 of 13
Country (United States) 88 of 100
Year (2021) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 BOS Solutions

Houston, Texas, United States

BOS Solutions is a full-service provider of solutions for drilling fluids treatment and recovery. BOS Solutions offered solid and waste processing services for a number of industries: oil and gas, construction, municipal and utility, and industrial. BOS Solutions is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 HYPR

New York, New York, United States

HYPR is a provider of passwordless authentication. With HYPR, businesses are finally able to stop phishing, reduce fraud, and enable unrivaled security for employees & customers across the globe. HYPR was founded in 2014 and is based in New York City.

Buy -
Mergr

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