Investment Summary

Advent International Invests In LBS Group

On February 23, 2023, private equity firm Advent International invested in business services company LBS Group

Investment Highlights
  • This is Advent International’s 21st transaction in the Business Services sector.
  • This is Advent International’s 4th transaction in China.

Investment Summary
Date 2023-02-23
Target LBS Group
Sector Business Services
Investor(s) Advent International
Deal Type Growth Capital

Target

LBS Group

Hong Kong, China
LBS Group is a pest control and hygiene solutions company with complementary services such as digital IoT pest monitoring, air purification, and desludging services. The company meets the needs of a wide range of customers in Greater China and the broader region and is the go-to vendor for many of its business partners in Food Services, Retail, Hospitality, Manufacturing, and other end markets. Central to LBS’ culture and philosophy is the importance of caring about people. LBS Group is based in Hong Kong, China.

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Investor(S) 1

Investor

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 328 of 340
Sector (Business Services) 21 of 21
Type (Growth Capital) 26 of 30
Country (China) 4 of 6
Year (2023) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Quala

Tampa, Florida, United States

Quala is a provider of tank cleaning services to the bulk transportation industry. Quala operates strategically located tank wash facilities across the US. Quala was founded in 1986 and is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-07 Tag

Norwich, United Kingdom

Tag is a provider of marketing and communications supply chain services. Tag helps organizations transform business processes, enhance customer conversations and realize the potential of their brands. Tag was founded in 1820 and is based in Norwich, United Kingdom.

Sell -
Mergr

Product

Company

Legal