M&A Deal Summary

Advent International Acquires Wagas

On September 20, 2022, private equity firm Advent International acquired restaurant Wagas

Acquisition Highlights
  • This is Advent International’s 7th transaction in the Restaurants sector.
  • This is Advent International’s 3rd transaction in China.

M&A Deal Summary
Date 2022-09-20
Target Wagas
Sector Restaurants
Buyer(s) Advent International
Deal Type Buyout (LBO, MBO, MBI)

Target

Wagas

Shanghai, China
Wagas is an independent western fast casual restaurant group in China. Wagas was founded in 1999 and is based in Shanghai, China.

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

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 325 of 340
Sector (Restaurants) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 147 of 151
Country (China) 3 of 6
Year (2022) 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-29 Yes Bank

Mumbai, India

Yes Bank is a new private sector bank, and is only one of two banks that have been granted a banking license by the RBI in the past eight years. The Bank is focused on high-growth, knowledge sectors such as life sciences, media/entertainment, business services, skills-based manufacturing and agribusiness. Yes Bank was founded in 2004 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 IFS Energy & Resources

Denver, Colorado, United States

IFS Energy & Resources is an independent provider of software and data solutions exclusively serving the upstream oil and gas, mining, and resource industries. Professionals from more than 1,700 companies globally rely on IFS’s integrated oil and gas data, land, accounting, and production solutions to optimize their business processes and performance. IFS Energy and Resources possesses more than 90 years of experience in data and 30 years in software and has offices around the world. IFS Energy & Resources is based in Denver, Colorado.

Sell -
Mergr

Product

Company

Legal