M&A Deal Summary

Advent International Acquires Nuevo Banco Comercial S.A

On June 1, 2006, private equity firm Advent International acquired financial services company Nuevo Banco Comercial S.A for 167M USD

Acquisition Highlights
  • This is Advent International’s 9th transaction in the Financial Services sector.
  • This is Advent International’s 43rd largest (disclosed) transaction.
  • This is Advent International’s 1st transaction in Uruguay.
Investment Fate
  • Nuevo Banco Comercial S.A was sold to a strategic buyer in 2010.

M&A Deal Summary

Date 2006-06-01
Target Nuevo Banco Comercial S.A
Sector Financial Services
Buyer(s) Advent International
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 167M USD

Target

Nuevo Banco Comercial S.A

Montevideo, Uruguay
Nuevo Banco Comercial (NBC) is Uruguay’s largest commercial bank.

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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 133 of 353
Sector: Financial Services M&A 9 of 36
Type: Buyout (LBO, MBO, MBI) M&A Deals 86 of 156
Country: Uruguay M&A 1 of 3
Year: 2006 M&A 4 of 12
Size (of disclosed) 43 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-30 Milano

Cuauhtémoc D.F. C.P., Mexico

Milano is the largest discount clothing retailer in Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Netlogistik S.A. de C.V.

Polanco, Mexico

Netlogistik, S.A. de C.V. provides marketplace for truck cargo serving in Latin American market.

Sell -