M&A Deal Summary

Advent International Acquires Canvia

On June 7, 2017, private equity firm Advent International acquired information technology company Canvia from Aenza for 85M USD

Acquisition Highlights
  • This is Advent International’s 15th transaction in the Information Technology sector.
  • This is Advent International’s 50th largest (disclosed) transaction.
  • This is Advent International’s 1st transaction in Peru.

M&A Deal Summary

Date 2017-06-07
Target Canvia
Sector Information Technology
Buyer(s) Advent International
Sellers(s) Aenza
Deal Type Divestiture
Deal Value 85M USD

Target

Canvia

Lima, Peru
Canvia is a company that promotes and supports the digital transformation of its customers. The company developed Fast Innovation an innovative methodology for startups that have managed to adapt and scale to consolidated companies. Canvia was founded in 2017 and is based in Lima, Peru.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B 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 249 of 353
Sector: Information Technology M&A 15 of 29
Type: Divestiture M&A Deals 16 of 35
Country: Peru M&A 1 of 1
Year: 2017 M&A 7 of 14
Size (of disclosed) 50 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-02 Faerch

Holstebro, Denmark

Faerch is a provider of plastic packaging for ready meals and protein food trays. Faerch has taken the lead in making rigid food packaging circular with products made from up to 100% recycled content and fully recyclable to new food grade products. As an integrated recycler, Faerch recycles food trays back into new food grade products at industrial scale. Faerch was founded in 1969 and is based in Holstebro, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Sovos Brands

Berkeley, California, United States

Sovos Brands is formed to acquire and build a portfolio of food and beverage brands. Sovos Brands invest in unique brands that have exciting growth potential, combining industry expertise with fresh thinking to bring our products into more homes across America. Sovos Brands was founded in 2017 and is based in Berkeley, California.

Buy -

Seller(S) 1

SELLER

Aenza

Lima, Peru

Category Company
Founded 1933
Sector Construction
Revenue 4.4B (2022)
DESCRIPTION

Aenza is a real estate and construction company that provides construction of buildings and infrastructure, the energy and mining industries, and sanitation and highway services. Aenza was founded in 1933 and is based in Lima, Peru.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Peru M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-25 ADEXUS SA

Santiago, Chile

ADEXUS SA is a development and implementation of integrated solutions and specialized services in the area of Information Technology and Communications.

Buy -