M&A Deal Summary

Advent International Acquires Modenik

On July 27, 2017, private equity firm Advent International acquired apparel/textiles company Modenik

Acquisition Highlights
  • This is Advent International’s 5th transaction in the Apparel/Textiles sector.
  • This is Advent International’s 4th transaction in India.

M&A Deal Summary

Date 2017-07-27
Target Modenik
Sector Apparel/Textiles
Buyer(s) Advent International
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Avendus (Financial)
Khaitan & Co. (Legal)

Target

Modenik

Bengaluru , India
Modenik is an exclusive manufacturer and marketer of several leading innerwear brands in India, including Dixcy Scott, Dixcy Scott UNO, Dixcy Josh, and Dixcy & Slimz. Modenik was founded in 1982 and is based in Bengaluru, Karnataka.

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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 253 of 353
Sector: Apparel/Textiles M&A 5 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 139 of 156
Country: India M&A 4 of 16
Year: 2017 M&A 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 First Watch

Bradenton, Florida, United States

First Watch operates full-service daytime cafés under the First Watch and The Egg & I brands. The restaurants serve breakfast, brunch, and lunch from 7 a.m. to 2:30 p.m., seven days a week. The company provides customers a unique farm-to-table experience through a variety of healthy, traditional, and indulgent offerings, with a focus on fresh ingredients and outstanding service. First Watch was founded in 1983 and is based in Bradenton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Yduqs

Rio de Janeiro, Brazil

Yduqs is a private post-secondary education institution that offers in-class and distance-learning undergraduate courses in the areas of exact sciences, biological sciences, and human sciences with bachelor-level, teaching-level, and associate-level programs. Yduqs was founded in 1970 and is based in Rio de Janeiro, Brazil.

Buy -