Investment Summary

Advent Partners Invests In Integrated Control Technology

On March 29, 2022, private equity firm Advent Partners invested in information technology company Integrated Control Technology

Investment Highlights
  • This is Advent Partners’ 1st transaction in the Information Technology sector.
  • This is Advent Partners’ 3rd transaction in New Zealand.

Investment Summary

Date 2022-03-29
Target Integrated Control Technology
Sector Information Technology
Investor(s) Advent Partners
Deal Type Growth Capital

Target

Integrated Control Technology

Auckland, New Zealand
Integrated Control Technology is a global smart building technology company, which provides building management software and connected devices for commercial properties and critical infrastructure. Integrated Control Technology was founded in 2003 and is based in Auckland, New Zealand.

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Investor(S) 1

Investor

Advent Partners

Melbourne, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 700M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Advent Private Capital is an Australian private equity firm focused on investing in privately owned, growing businesses, with strong management and sustainable competitive advantages. Advent looks to invest in businesses valued between $15 and $100 million AUS with operating profits of at least $4 million. Advent considers itself a generalist private equity firm with an expansive industry focus, however, the Firm has a history of targeting manufacturing and service-based businesses. Advent will not invest in property development, resources, primary production, listed companies, start-ups or early-stage transactions. Advent was formed in 1984 and is based in Melbourne.


DEAL STATS #
Overall 28 of 28
Sector: Information Technology M&A 1 of 1
Type: Growth Capital M&A Deals 14 of 14
Country: New Zealand M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Imaging Associates

Box Hill, Australia

Imaging Associates is an independent diagnostic imaging provider which is owned and operated by a team of ~20 radiologists. Imaging Associates was founded in 2008 and is based in Box Hill, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-28 Tribe Breweries

Marrickville, Australia

Tribe Breweries is a manufacturer of craft beer and premium alcoholic beverages in Australia. The tribe has focussed heavily on innovative and high-quality craft brewing of its own brand(Stockade Brew Co) as well as sharing its platform with contract brewing partners to further grow the craft industry. Tribe Breweries was founded in 2012 and is based in Marrickville, Australia.

Sell -