Investment Summary

Advent Morro Equity Partners Invests In Andeno

On February 1, 2021, private equity firm Advent Morro Equity Partners invested in financial services company Andeno

Investment Highlights
  • This is Advent Morro Equity Partners’ 3rd transaction in the Financial Services sector.
  • This is Advent Morro Equity Partners’ 11th transaction in Puerto Rico.

Investment Summary

Date 2021-02-01
Target Andeno
Sector Financial Services
Investor(s) Advent Morro Equity Partners
Deal Type Growth Capital

Target

Andeno

San Juan, Puerto Rico
website
Andeno is an online small loan consumer lending company. Andeno is based in San Juan, Puerto Rico.

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Investor(S) 1

Investor
DESCRIPTION

Advent Morro Equity Partners is a private equity firm focused on opportunities connected to Puerto Rico. The FIrm invests in companies operating in Puerto Rico, Puerto Rican companies expanding into the US, and established US-based companies whose products or services target the US hispanic market. Advent Morro’s seeks to team with management teams looking for capital to accelerate growth organically or through acquisitions. The Firm looks to invest $5 to $10 million in companies with annual revenues between $5 and $20 million. Sectors of interest include healthcare, hospitality, telecommunications, software-development, distribution, education and medical insurance. The Firm will consider a variety of investment situations, including MBOs, corporate divestitures, turnarounds, recapitalization of family owned businesses, and industry consolidation. Advent Morro Equity Partners was formed 1989 and is based in San Juan.


DEAL STATS #
Overall 22 of 22
Sector (Financial Services) 3 of 3
Type (Growth Capital) 7 of 7
Country (Puerto Rico) 11 of 11
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Switch Business Transformation

San Juan, Puerto Rico

Switch Business Transformation is a business consulting company that helps organizations improve and optimize their processes by identifying and defining the organization’s needs and designing specific solutions within the Salesforce Platform and other related products that integrate customer's information and processes. Switch Business Transformation is based in San Juan, Puerto Rico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Quality Water Service

Guaynabo, Puerto Rico

Quality Water Service provides businesses in Puerto Rico with point-of-use (POU) bottle-less water coolers and filtration systems. The company has been a distributor of Waterlogic dispensers, delivering the highest standards of water quality and offering sustainable hydration solutions for both business and residential customers. Quality Water Service is based in Guaynabo, Puerto Rico.

Sell -